Australia's Red River Resources rises on copper concentrate deal with Glencore

Red River Resources

12/10/2021 03:36

** Shares of the miner Red River Resources  RVR.AX  rise as
much as 8.3% to A$0.195, their highest since July 29
    ** The copper and gold miner signs an offtake agreement with
commodity producer Glencore  GLEN.L  for copper concentrate
produced at its Thalanga operations in northern Queensland
 urn:newsml:reuters.com:*:nASX6GlFz9
    ** RVR produced more than 14,000 dry metric tonnes of copper
concentrate at Thalanga in FY 2021 
    ** Says offtake agreement covers 100% of the copper
concentrate produced at Thalanga until June 2023
    ** Volumes are 2.6 times their 30-day average of ~800,000
shares
    ** As of last close, stock had fallen 35.7% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))