Red 5 warns of further impairments

September 21, 2017

Responsive image

Gold miner Red 5 has warned of a noncash impairment of between A$28-million and A$30-million on the carrying value of its Siana gold project, in the Philippines.

The impairment charge expected to be recorded in the June year-end will be in addition to the A$70.4-million expense recorded in the half-year ended December.

Category: General