Red 5 unveils new A$34m growth strategy

August 3, 2017

Responsive image

Gold miner Saracen Mineral Holdings has struck a deal with a subsidiary of fellow-listed Red 5 to dispose of the King of the Hills project in a deal valued at A$16-million.

Saracen on Thursday told shareholders that the sale of the King of the Hills mine, which Saracen acquired from St Barbara in 2015, was consistent with the company’s strategic focus on its core production and exploration assets at Carosue Dam and Thunderbox.

Category: General