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Austral Gold ( (AU:AGD) ) has provided an update.
Austral Gold Limited announced that its Argentine subsidiary, Austral Gold Argentina SA, has secured a new US$1.3 million unsecured related party loan from Banco Hipotecario, associated with the company’s largest shareholder and Chair, Eduardo Elsztain. The loan will be used to repay a previous loan from the same bank, and it features a 12-month term with an 11% interest rate. This financial maneuver is part of Austral Gold’s ongoing strategy to manage its financial obligations and support its growth plans.
More about Austral Gold
Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas. The company operates on three strategic pillars: production, exploration, and equity investments, aiming to advance its portfolio of producing and exploration assets.
Average Trading Volume: 105,577
Technical Sentiment Signal: Sell
Current Market Cap: A$28.78M
For a thorough assessment of AGD stock, go to TipRanks’ Stock Analysis page.