The Bakers Creek stockpile produced 667 ounces in the March quarter, and generated 1521oz of dore and concentrates in the July quarter as the ramp-up continued.

 

The 467oz in concentrate was delivered to global commodity trader Glencore under an offtake deal that was announced in June, extending an existing copper purchase agreement.

 

In total, Red River has produced 2188oz from Hillgrove since processing started in December.

 

Its plan at Hillgrove is to initially treat some 225,000t at 2.5 grams per tonne of stockpiled ore to recover 18,000oz, while establishing a number of mining centres to feed the refurbished mill.

 

The company hoping to transition to underground mining ramping production up to 30,000-50,000ozpa gold equivalent.

 

A maiden resource for the high-grade Eleanora-Garibaldi area is expected before the end of the month. Recent drilling has confirmed the presence of high-grade gold-antimony mineralisation, and may support extension of the existing open pit.

 

North of the border, in Queensland, the company's Thalanga operations were steady with production of 6311t of zinc concentrate, 1350t lead, and 3565t copper.

 

Red River said the Far West mine continued to deliver strong zinc equivalent grades of 10.1% to the processing plant, with an average for the full year of 10.7%.

 

Full year production was 27,726t zinc, 6824t lead, and 14,270t copper.

 

Shares in the miner have traded between 9.1-33c over the past year, and were last traded at 23.5c, valuing it at $122 million.