Austral Gold Adjusts 2024 Production Forecast

Austral Gold Limited (AU:AGD) has released an update.

Austral Gold Limited reported Q2 2024 production below expectations, with sales revenue of US$9.4 million from 3,781 GEOs and higher operating costs, due to a delay in equipment repair impacting their Chilean mine operations. Consequently, the company has adjusted its full-year production guidance to 17,000-18,000 GEOs, down from the previously projected 18,000-20,000 GEOs. This adjustment reflects the additional time needed to repair the HRC 800 equipment, crucial for their Heap production line.

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