Austral Gold is pleased to announce that Juan Andres Morel, Min.Eng, MBA, has joined the Company as Chief Operating Officer. Rodrigo Ramirez, Min.Eng, has also been appointed as the Vice President of Technical Services. The strengthening of the operational team follows the significant growth in the company over the last year. "The addition of Mr Morel to manage our three operations in Chile (the new Amancaya Mine and [...]
Austral Gold is pleased to announce that on 13 July, 2017 the Company executed a binding letter to acquire the San Guillermo and Reprado project from Revelo Resources for the consideration of up to ten million Austral Gold ordinary shares representing approximately 1.9% of the total outstanding shares of Austral, subject to existing Net Smelter Royalties (each an "NSR") and an additional NSR of up to 1%. The offer is [...]
Austral Gold is pleased to announce the filing on SEDAR and the ASX of a Technical Report, prepared in accordance with National Instrument 43-101 and JORC Code, on the Guanaco and Amancaya Gold Project, Region II, Chile, dated 16 June, 2017, with an effective date of 31st December 2016 (the "Technical Report"). The Technical Report supports the Company's pre-feasibility study, disclosed in the Company's announcement dated [...]
Austral Gold announces that its wholly-owned Chilean subsidiary Guanaco Compañía Minera S.P.A has secured a U.S. $5,000,000 credit facility for its Chilean operations from BAF Latam Credit Fund, an unrelated third party lender. The credit facility is secured by a guarantee from the Company, as well as against a corresponding proportion of the receipts of doré sales from the Guanaco mine in Chile [...]
Austral Gold is pleased to provide additional information to support positive and robust pre-feasibility results. This information is to supplement the mineral resource and reserve estimate for the Amancaya Project and Guanaco Mine, Chile, disclosed in the Company's announcement dated June 8, 2017. Highlights: After-Tax Net Present Value (NPV) at 7.5% discount rate is US$66.6 million for the Project. All-In Sustaining [...]
Austral Gold is pleased to announce that Roscoe Postle Associates has completed a new independent resource and reserve estimate in accordance with CIM Definition Standards, 2014 as incorporated in National Instrument 43-101 and Joint Ore Reserves Committee Code, 2012 for the Company's 100% owned Amancaya project and Guanaco Mine, Chile. The Amancaya reserve estimate is the first in that project's existence. Highlights [...]
Austral Gold is pleased to announce that on 6 June 2017 the 35km long 33kv transmission line from the mine to the northern Chile National grid was energized, following final approval from the national grid operator CEN. Connection to the grid should provide lower cost electricity, secured through a purchase agreement with the Almeyda Solar, a subsidiary of Enel Green Power Group. Since recommencement of operations at [...]
Austral Gold is pleased to report results for quarterly activities for its third fiscal quarter ended March 31, 2017. Fiscal Third Quarter Highlights: (All figures are in U.S. dollars unless otherwise noted) Combined attributable Quarterly production of 12,307 Au oz and 180,488Ag oz (1) A 17% increase in quarterly production gold production from Guanaco mine compared to same quarter in the previous year. Guanaco [...]
Austral Gold is pleased to announce that the Company has paid US$1 million to Troy Resources to acquire an additional 19% interest in the Casposo silver-gold mine located in San Juan. Highlights: Austral has paid US$1 million to increase its stake in Casposo silver-gold mine by 19%, bringing total ownership to 70% as per the agreement with Troy. A further US$1 million was also paid from Casposo to Troy as part of the [...]
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2017) - Austral Gold Ltd. ('the Company') (ASX: AGD) (TSXV: AGLD) is pleased to report results for quarterly activities for its second fiscal quarter ended December 31, 2016. Fiscal Second Quarter and January 2017 Highlights: (All figures are in U.S. dollars unless otherwise noted) Record quarterly production of 17,102 Au oz and 236,011 Ag oz1 25% increase in [...]
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2017) - Austral Gold Ltd. (ASX: AGD) (TSXV: AGLD) (the "Company" or "Austral") is pleased to announce the final batch of assay results from the infill drilling program at its 100% owned high grade gold and silver Amancaya project ("Amancaya") located in Chile. Two new high grade shoots discovered. High grade zone of Central Vein extended by approximately 400 [...]
SYDNEY, AUSTRALIA / ACCESSWIRE / January 18, 2017 / Austral Gold Ltd. (ASX: AGD) (TSXV: AGLD) ('the Company') is pleased to announce that in accordance with ASX Listing Rule 3.16.3, KPMG has been appointed auditor for the Company and for each one of its subsidiaries ('the Group') effective today. The change follows the resignation of the Company's current auditor BDO East Coast Partnership ('BDO') and receipt of ASIC's [...]
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