GOLD
Gold miner Red 5 on Thursday unveiled a new growth strategy, centred on the acquisition of a new high-quality asset portfolio in the Eastern Goldfields region of Western Australia.
The company said it would acquire the Darlot gold mine from South Africa’s Gold Fields for a total consideration of A$18-million and the acquisition of the King of the Hills project, from Australian miner Saracen Mineral Holdings for A$16-million.
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