Red 5
Stock Code
Stock Exchange
Red 5 is moving ahead to develop the Siana Gold Project (SGP) located in the Philippines. RED has a 90% interest in SGP. The title is held under a Mineral Production Sharing Agreement. The company has a strategic land position and other excellent prospects have potential to add significant value to shareholders. Total mineral resources are 2.2Moz. High-grade u/g ore (3Mt at 7.4g/t Au) below the open pit is open in all directions. SGP is a robust project (IRR 49% at US$650/oz Au).
Read up on the dividend history for RED 5 LIMITED. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive RED dividends if you own the RED 5 LIMITED shares on the ex-dividend date.
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