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Aguia Resources Limited ( (AU:AGR) ) has shared an update.
Aguia Resources has reported a marked operational turnaround at its Santa Barbara Gold Project in Colombia after an independent audit by mining engineer Ken Nipius led to mine redesign, a more professional operating framework and a more than 50% reduction in headcount to a single shift, while maintaining production. By reverting to proven processing methods, introducing batch production and optimising metallurgical pre-treatment, the mine has lifted gold recovery rates in December to about 70% from the low levels seen between September and November, including a 45% improvement over the July–November average, and generated approximately A$120,000 in gold sales for the month. Management says the improved recoveries validate the quality of the orebody and create a platform to increase production, upgrade the processing circuit and ramp up drilling in 2026, with the potential for higher recoveries, better cost efficiency and a meaningful Mineral Resource estimate, which would strengthen the project’s strategic value and Aguia’s position in the regional gold sector.
More about Aguia Resources Limited
Aguia Resources Limited is an ASX-listed resources company focused on the Santa Barbara Gold Project in Colombia, where it is developing high-grade, narrow-vein gold mineralisation through underground mining and on-site processing. The company is working to optimise its operations and metallurgical performance to support sustainable production and lay the groundwork for a future Mineral Resource estimate and expanded exploration program.
Average Trading Volume: 2,390,067
Technical Sentiment Signal: Sell
Current Market Cap: A$33.15M
For detailed information about AGR stock, go to TipRanks’ Stock Analysis page.