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Red 5 warns of further impairments

Creamer Media Senior Deputy Editor: Australasia
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.

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