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Austral Gold ( (AU:AGD) ) just unveiled an update.
Austral Gold has signed two three-year mining service agreements with local contractors ADL S.R.L. and DP Minería y Servicios S.R.L. to provide drilling, blasting, loading and haulage services for the Julieta and Mercado open pits and existing stockpiles at its Casposo Mine in Argentina, with an estimated aggregate contract value of about US$42 million. The agreements have enabled mining activities to begin at Casposo, positioning ore from Julieta, Mercado and stockpiles as the main feed to support the mine’s 2026 production guidance of 11,000–13,000 gold equivalent ounces over six months, backed by proven and probable reserves of 43,000 recoverable ounces of gold and 1.263 million ounces of silver; operations in Q4 2025 are tracking in line with initial guidance, with expected gold recoveries above 90% and cash costs below US$1,900 per ounce, underscoring the project’s role in Austral’s broader growth strategy in the Americas.
The most recent analyst rating on (AU:AGD) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Austral Gold stock, see the AU:AGD Stock Forecast page.
More about Austral Gold
Austral Gold Limited is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas, underpinned by three strategic pillars: production, exploration and equity investments. The company operates producing and exploration-stage mines, including the 100%-owned Casposo Mine in Argentina, and also holds shares and options in ASX-listed Unico Silver as part of its investment strategy.
Average Trading Volume: 663,840
Technical Sentiment Signal: Buy
Current Market Cap: A$80.75M
For detailed information about AGD stock, go to TipRanks’ Stock Analysis page.