Red 5 revises Siana plan, warns of impairment

Gold junior Red 5 has revised the openpit mining schedule for its Siana project, in the Philippines, to optimise the extraction of ore over the project’s remaining life. Mining at Siana was expected to cease in December 2017 and the revised mine plan was expected to recover some 181 000 oz of gold between July and the end of mine, through a progressively staged cut-back of the East pit wall to allow the base of the openpit to be mined to a final depth of some 180 m below surface.