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Austral Gold ( (AU:AGD) ) just unveiled an announcement.
Austral Gold has revised its production guidance for the Guanaco Mine in Chile to 11,000-12,000 GEOs, down from the previously announced 14,000-16,000 GEOs, due to the suspension of the agitation leaching circuit following a workplace fatality. The company continues to operate the heap leaching circuit and aims to stabilize production by November 2025. To mitigate the cash flow impact from reduced production, Austral Gold has generated approximately US$1.3 million by partially selling its equity portfolio and received a final installment from a previous property sale.
More about Austral Gold
Austral Gold is a gold and silver mining producer focused on building a portfolio of quality assets in the Americas through production, exploration, and equity investments.
Average Trading Volume: 153,831
Technical Sentiment Signal: Sell
Current Market Cap: A$26.33M
Learn more about AGD stock on TipRanks’ Stock Analysis page.