- Austral Gold (AGLD) has acquired a takeover option for the Rawhide Mine in Nevada
- Through its subsidiary, AGNA, the company will provide US$555,000 to Rawhide Acquisition Holding LLC
- The Rawhide Mine is a fully permitted operation that produces gold and silver through open pit heap leaching
- Austral Gold Ltd. (AGLD) stock opened trading at C$0.04 per share
Austral Gold (AGLD) has acquired a takeover option for the Rawhide Mine in Nevada.
Through its subsidiary, AGNA, the company will provide US$555,000 to Rawhide Acquisition Holding LLC.
The Rawhide Mine is a fully permitted operation that produces gold and silver through open pit heap leaching.
AGNA will perform due diligence on the mine, in which it already owns a 24.74 per cent interest and has an option to take an approximate 99.98 per cent stake.
AGNA has invested a total of US$6.4 million in Rawhide since 2019 to expand its footprint in North America through equity investments.
Austral Gold Ltd. (AGLD) is a gold and silver explorer and mining producer operating in Chile, Argentina, and the U.S.
Austral Gold Ltd. (AGLD) opened trading at C$0.04 per share.
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