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Red River shares drop on 30% production cut flagged at Thalanga

Red River Resources Ltd. shares dropped nearly 12% by Sept. 13 ASX trading close after flagging about a 30% cut in production for the September quarter compared to the June quarter at its Thalanga base metals operation in Queensland, Australia, due to ongoing repairs at the processing plant.

The company shut down the secondary crusher a day earlier to start the repairs, and will minimize the impact by implementing a bypass to the secondary crusher and operating at reduced tonnage.

Underground mining will continue, and full process plant production is expected to resume from the start of October, Red River noted.

The company's concentrate production in the June quarter totaled 9,057 tonnes of zinc, 3,369 tonnes of lead and 1,806 tonnes of copper.