Austral Gold Limited reports developments as a gold and silver mining producer with producing and exploration assets in the Americas. Company news commonly covers quarterly activities reports, annual reporting, production and sales updates, mine activity at Casposo in Argentina and the Guanaco operations in Chile, and exploration work across projects such as Silver Juncal and Manantiales.
Recurring updates also include capital actions, processing-capacity initiatives, annual meeting materials, and the company's equity-investment pillar, including its holding in ASX-listed Unico Silver. Austral Gold's securities trade on the ASX, TSX Venture Exchange and OTCQB under AGLDF.
Austral Gold (AGLDF) announced that its Casposo subsidiary and Challenger Gold terminated their toll processing agreement, effective 1 October 2026.
Challenger will pay Casposo US$1.0 million, the deferred initial-fee balance, on the earlier of 2 April 2029 or commercial production starting at Hualilan. Accrued interest was waived; further interest applies only if payment is overdue. The parties mutually released other claims without admitting liability.
Casposo continues processing material from its own mining operations. Austral expects no material financial impact in the current period from not processing material under the agreement. The parties will continue discussions about a potential Hualilan material purchase agreement, while Austral evaluates other regional processing and purchase opportunities.
Austral Gold (AGLDF) reported a 95 m interval grading 1.10 g/t gold equivalent from drilling at its Los Nanos sector in Chile.
The 23 reverse-circulation holes totalled 1,128 m; 20 returned significant results and three did not. Hole RC-1186 included 3 m at 8.11 g/t gold equivalent. Other intercepts included 20 m at 3.12 g/t in RC-1197 and 15 m at 3.33 g/t in RC-1196. The results indicate mineralisation within the existing resource area and beyond its current model. Reported intervals are down-hole lengths; true widths have not been determined.
Los Nanos is approximately 2.5 km from Guanaco's processing plant. It holds Mineral Resources but no Mineral Reserves and is outside the current life-of-mine plan. Austral plans to update its geological model and expects to begin up to 8,000 m of further drilling in Q4 2026, primarily to support resource conversion.
Austral Gold (AGLDF) is negotiating with Challenger Gold to shift from their existing Casposo Toll Processing Agreement, dated 27 December 2024, to a structure where Austral would purchase mineralised material from Challenger’s Hualilan Project.
Casposo processed 39,342 tonnes of Hualilan material in May and June 2026 with recovery rates above 85%, triggering the maximum variable incentive fee. Tolling fees for May and June and fixed monthly fees for July and August 2026 have been fully received. Casposo is currently processing only its own material, and the company does not expect a material financial impact in the current period from not processing Hualilan ore. Any new deal is expected to be non-exclusive and allow blending of third-party and company ore, while Austral continues to assess further third-party opportunities in the San Juan region.
Austral Gold (OTCQB: AGLDF) appointed Jorge Sanguin as Senior Vice President of Operations, effective 1 September 2026. Based in San Juan, Argentina, he will report to the CEO and oversee the company’s operations in Argentina and Chile while supporting its operational and growth strategy.
Sanguin is a mining engineer with more than 30 years of experience in gold and silver operations in Argentina. His prior senior roles include Operations Director at Patagonia Gold, General Manager positions at Cerro Moro (Yamana Gold) and Cerro Vanguardia (AngloGold Ashanti), and Mining Manager at Manantial Espejo (Pan American Silver).
Austral Gold (OTCQB: AGLDF) reported its 2026 half-year results for the six months ended 30 June 2026, highlighting a sharp turnaround in production, profitability and balance sheet strength. Production nearly doubled to 11,648 GEO (HY25: 5,996 GEO) following the restart of Casposo alongside Guanaco.
According to Austral Gold, HY26 revenue reached US$66.6 million (around three times HY25), generating gross profit of US$33.3 million (50% margin) and net profit after tax of US$15.5 million (23% margin), compared with a net loss in HY25. Cash and cash equivalents increased to US$20.3 million as of 31 December 2025, while total financial debt decreased to US$22.0 million, reducing net financial debt to US$1.7 million and lifting net assets to US$50.6 million.
Subsequent to period end, an updated NI 43-101 Technical Report extended the Guanaco mine life to 14 years with an after-tax NPV of US$192.1 million at a 10% discount rate (US$3,135/oz). The report and Half Year Report are available on ASX, SEDAR+ and the company’s website.
Austral Gold (OTCQB: AGLDF) reported its Q2 2026 activities, highlighting higher production at Guanaco, toll-processing revenue at Casposo, and a much stronger balance sheet.
Guanaco production rose 17% quarter-on-quarter to 3,381 GEO, with C1 and AISC costs reduced to US$2,542/oz and US$2,954/oz. At Casposo, a two-month Hualilan toll-processing campaign treated 39,342 tonnes at over 85% GEO recovery, generating US$5.9 million in fee revenue, while owned-material production of 932 GEO in April resumed in July. Combined Q2 revenue was US$31.8 million versus US$34.1 million in Q1, including US$25.9 million from metal sales and US$5.9 million from toll processing. Net financial debt fell to US$1.7 million with cash of US$20.3 million, compared with US$16.1 million net debt and US$10.5 million cash at 31 December 2025. An updated NI 43-101 Guanaco Technical Report extended life-of-mine to 14 years (Jan 2026–Feb 2040) with an after-tax NPV of US$192.1 million at a 10% discount rate.
Austral Gold (OTCQB: AGLDF) released a new NI 43-101 / JORC-compliant Technical Report for its 100%-owned Guanaco Mine in Chile, outlining a ~14-year mine life (January 2026–February 2040) based on open-pit mining and reprocessing of three legacy heap-leach pads.
The study reports Proven and Probable Mineral Reserves of 18.1 Mt grading 0.84 g/t Au and 5.43 g/t Ag, containing about 352 koz gold and 1.493 Moz silver. Measured & Indicated Resources total 17.0 Mt with 511 koz Au and 3.269 Moz Ag, plus 77 koz Au and 466 koz Ag Inferred. The life-of-mine plan generates an after-tax NPV (10% discount) of US$192.1 million, with undiscounted post-tax free cash flow of US$281.6 million, average annual recovered production of 24,838 oz gold and 105,262 oz silver, LOM capital of US$13.9 million, AISC of US$2,114/oz AuEq and C1 costs of US$1,978/oz AuEq. Around 32% of Reserve tonnes and over half of Reserve gold and silver rely on environmental approvals for the Inesperada and Dumbo areas targeted for Q4 2026 / Q1 2027.
Austral Gold (OTCQB:AGLDF) reported Phase 1 exploration results at its 100%-owned Juncal silver-gold project in Chile, with Phase 2 underway and Phase 3 drilling planned for 2026.
Channel sampling (>1,000 m) shows continuous surface mineralisation across seven of eleven mapped veins. Key results include the Javiera vein (~1,400 m strike, length-weighted 183 g/t AgEq over 0.7 m, 25 channels), Sofia vein (~500 m strike, 68 g/t AgEq over 1.8 m, 15 channels) and Koda vein (~500 m strike, 71 g/t AgEq over 1.8 m, 7 channels), all at a 30 g/t AgEq cut-off.
Phase 2 induced polarisation surveys (June–August 2026) aim to refine drill targets ahead of a ~10,000 m RC drilling program in Phase 3 (September–November 2026), the first known drilling at Juncal.
Austral Gold (OTCQB:AGLDF) reported the results of its 2026 Annual General Meeting held on 27 May 2026 at 9:00am (AEST) in Sydney.
Shareholders passed all resolutions set out in the Notice of Meeting dated 24 April 2026 by way of poll.
Austral Gold (OTCQB:AGLDF) released its Chair's Address for the 28 May 2026 AGM, outlining FY2025 results and Q1 2026 performance.
FY2025 production reached 15,392 GEOs with operating cash flow of US$9.3M. Q1 2026 output was 7,335 GEOs, revenue US$34.1M (+43% QoQ), supported by higher metal prices and the Casposo restart.
A February 2026 placement raised A$8.5M, lifting cash to US$24.3M and a net cash position at 31 March 2026. FY2026 production guidance is 27,000–33,000 GEOs, underpinned by Casposo ramp-up and ongoing exploration at Casposo and Guanaco.