Red 5 Limited announced earnings results for the quarter ended December 2015. For the quarter, the company announced sale proceeds of AUD 23.3 million, EBITDA of AUD 11.6 million, net earnings from operations of AUD 4.7 million, capital expenditure (plant/equipment/development) of AUD 14.1 million.

The company announced operating results for the quarter and year to date ended December 2015. For the quarter, the company announced that it recovered 14,431 oz and gold sales of 14,762 oz. Ore processed was 173,601 tonnes. Head Grade – Gold was 3.1 g/t and head Grade – Sillver was 6.1 g/t. Recovery – Gold was 85% and Recovery – Silver was 32%.

For the fiscal year 2016 year-to-date, the company announced production of 32,168 oz.

The company re-affirmed operating guidance for the quarter ended March 2016. The company announced that forecast remains unchanged with 7,000 oz to 10,000 oz of gold expected to be recovered in the March 2016 quarter in accordance with the mine plan as the Siana open pit transitions between mining ore tones from Stage 22 to Stage 3.