https://www.engineeringnews.co.za

Red River swings to profit

14th March 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Base metals producer Red River Resources has reported its first net profits after tax, after starting production at its Thalanga zinc project, in Queensland.

The ASX-listed company has reported revenues of A$17.7-million for the three months to December, compared with the A$245 334 reported in the previous corresponding period, along with a profit after tax of more than A$6-million, compared with a loss of more than A$1-million in the previous corresponding period.

Copper, lead and zinc production from the Thalanga mine started in September last year, with commercial production declared at the end of December.

A total of 99 000 t of ore was mined from the underground operations during the period under review, with some 7 205 t of zinc concentrate, 3 332 t of lead concentrate and 708 t of copper concentrate produced.

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.165 0.224s - 156pq - 2rq
Subscribe Now