Australia

Red River Resources director shows confidence in Thalanga Zinc Project strategy

Red River Resources Ltd (ASX:RVR) non-executive director Mark Hanlon has demonstrated his confidence in the companys strategy by purchasing shares on-market.

Hanlon has bought one million shares for a total consideration of $151,544.54.

Red Rivers zinc concentrate production from its Thalanga operations in Queensland was 6,199 dry metric tonnes (DMT) in the September quarter, while lead concentration production was 2,016 DMT and copper concentrate production was 1,372 DMT.

Canaccord Genuity and Hartleys have maintained their speculative buy rating for Red River with a target price of 35 cents per share and 39 cents per share respectively.

Far West mine

Red River recently fired the first producRead More – Source