Red 5 sets FY24 guidance of 195,000oz-215,000oz at King of the Hills near Leonora

With King of the Hills now operating above peak capacity just more than a year after pouring first gold, Red 5 has set guidance of 195,000-215,000 ounces in the 2023-24 year for the mine near Leonora.

Red 5 told the ASX on Wednesday the mine had churned out 61,705oz in the June quarter at an all-in sustaining cost of $1690/oz, meaning 102,574oz had been produced during the first half of this year at an AISC of $1837/oz.