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Red River secures offtake deal with Glencore for Hillgrove gold

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Global Mining Review,

Red River Resources Ltd has signed an offtake agreement with Glencore International AG for gold concentrate produced at its Hillgrove Gold Mine in New South Wales.

Red River secures offtake deal with Glencore for Hillgrove gold

Red River commenced gold production from Bakers Creek stockpile material in December 2020 and will sell 100% of gold concentrate produced at Hillgrove to Glencore under the offtake agreement.

Red River trucked its first load of gold concentrate from Hillgrove on 18 June 2021. Commissioning activities at Hillgrove are progressing.

Mel Palancian, Red River Managing Director, comments:

“It’s great to have the support of Glencore for Hillgrove given our strong four-year working relationship to date. Also, to commence trucking our gold concentrates to add to our Hillgrove gold ore revenues. We are focused on the commercial ramp up at Hillgrove whilst also increasing our JORC 2012 resource base.”

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This article has been tagged under the following:

Australian mining news Glencore news Gold mining news