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Austral Gold Ord Shs V.AGLD

Alternate Symbol(s):  AGLDF

Austral Gold Limited is an Australia-based junior mineral exploration company. It is a gold and silver mining producer. The Company is focused on the acquisition, discovery and advancement of high-quality copper gold projects in the Americas. It owns 100% interest in the Guanaco/Amancaya mines in Chile and the Casposo-Manantiales mine complex in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, United States of America and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, United States of America. The Guanaco/Amancaya mines in Chile operation is in northern Chile in the Antofagasta Region, approximately 220 kilometers (km) southeast of Antofagasta City. The Casposo-Manantiales mine situated approximately 150 km northwest of San Juan City, in the Department of Calingasta, San Juan Province, Argentina. Its explorations include Triassic Choiyoi Belt, Indio Belt, and Deseado Massif.


TSXV:AGLD - Post by User

Post by DoughBoyson May 09, 2020 11:42am
208 Views
Post# 31006899

$893 AISC and $685 Cash cost!

$893 AISC and $685 Cash cost!$893 AISC and $685 Cash cost! Awesome. 

Management bought more rawhide, positive exploration at guanaco/amancaya, still hoping for more gold at casposo though. Debt continues to be paid down but the interesting thing here is that they are holding nearly 3000 ounces in inventory. The unhedged production allows them to sell only what is needed to cover costs and management can keep that supply off-market and sell at higher prices later.

Exciting times, earnings should be on-track and there is potential for growth here based on the other mine sites.
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