Why the Red River Resources (ASX:RVR) share price is plummeting today

The Red River Resources Limited (ASX: RVR) share price is dropping in early afternoon trade following a production update. At the time of writing, the mineral exploration company’s shares are trading for 22 cents, down 8.51%.

What did Red River Resources announce?

Red River Resources shares are tumbling on the company’s latest performance update at its operating sites.

According to its release, Red River Resources provided an update on its March quarter production. In particular, for its Thalanga Operations in Queensland and Hillgrove Gold Mine in New South Wales.

Thalanga Operations

During the March quarter (Q3 FY21), Red River Resources reported a mixed result for its Thalanga Operations. Ongoing mining activities produced…

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