The company told the ASX on Tuesday it had produced 165,544 ounces at an all-in-sustaining cost of $1837/oz and sold 164,974oz in the 12 months to June 30.

This had brought in $422.7 million in sales revenue.

Red 5 still recorded a loss for the full year, of $8.7m, which reflected the first-half ramp up to commercial production at King of the Hills after first gold was poured on June 5 last year.

However, the company said operations had been cash flow positive since March, with a net cash inflow from operating activities of $46.7m in the year to June 30.

Its underlying earnings before interest, tax, depreciation and amortisation in the year to June 30 was $96.1m.

Red 5 said it had cash and bullion of $45.9m at June 30, and net debt of $81.9.m.

Managing director Mark Williams this month told the Kalgoorlie Miner Red 5 would focus on maintaining a processing plant rate of 5.5 million tonnes per annum at King of the Hills to produce 195,000oz to 215,000oz of gold during the 2023-24 financial year.

The nameplate capacity of the $226 million facility 28km north of Leonora is 4Mtpa.