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Oz gold miner Red 5 rises on profit

Western Australia gold miner Red 5 has posted a full-year profit of A$4.54 million, a turnaround from a $3 million loss in FY19.

Oz gold miner Red 5 rises on profit Oz gold miner Red 5 rises on profit Oz gold miner Red 5 rises on profit Oz gold miner Red 5 rises on profit Oz gold miner Red 5 rises on profit

Red 5 managing director Mark Williams

Revenue jumped from $154 million to $200.3 million on sales of 92,953 ounces of gold.

Underlying EBITDA was $54 million, up from $30.9 million.

The gross profit from operations was $39.