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Austral Gold Limited - $AGLDF STOCK NEWS

Welcome to our dedicated page for Austral Gold news (Ticker: $AGLDF), a resource for investors and traders seeking the latest updates and insights on Austral Gold stock.

Austral Gold Limited (ASX: AGD, TSXV: AGLD, OTCQB: AGLDF) is a well-established gold and silver mining producer headquartered in Sydney, Australia. The company is actively building a robust portfolio of quality assets across the Americas through strategic pillars in production, exploration, and equity investments.

Austral Gold's core business revolves around the exploration, development, and production of gold and silver. The company possesses a diversified range of producing and exploration assets, which significantly contribute to its growth strategy. Recently, Austral Gold announced that its Argentine subsidiary, Austral Gold Argentina SA (AGASA), secured a substantial unsecured related party loan from Banco Hipotecario, amounting to AR$1,400 million (approximately USD 1.6 million). This loan is intended for repaying a related party bridge loan from Consultores Assets Management SA (CAMSA).

The company filed its Q4 2023 Quarterly Activity Report, highlighting its continued progress and strategic initiatives which can be accessed on its official website and other financial information platforms.

In another significant development, Austral Gold, in partnership with New Dimension Guernsey Limited, agreed to sell their combined interests in the Sierra Blanca Project to ASX-listed Unico Silver. The total consideration for this transaction includes 5,000,000 shares of Unico and reimbursement of specific administrative fees. This transaction is part of Austral’s strategy to enhance its asset portfolio and strengthen its equity investments.

Austral Gold is committed to expanding its operational footprint while maintaining sustainable mining practices. The company has been proactive in selling and acquiring assets to align with its long-term growth objectives, such as the sale of SCRN Properties Ltd, which owned the Pingüino Project, to Unico for approximately USD 10 million in cash, shares, and options.

Austral Gold's management team, led by CEO Stabro Kasaneva, continues to demonstrate a strong commitment to advancing the company's interests and delivering value to its shareholders. The company also recently announced the relocation of its share registry office, ensuring better service delivery to its stakeholders.

For further details on Austral Gold's projects, financials, and strategic directions, please visit the company's website at www.australgold.com.

Rhea-AI Summary

Austral Gold announced successful results from its 2024 Annual General Meeting on May 27, 2024.

Shareholders approved all resolutions listed in the Notice of Meeting from April 28, 2024.

The meeting saw a strong voter turnout, with all resolutions passed via poll. Austral Gold, trading under the symbols AGD (ASX), AGLD (TSXV), and AGLDF (OTCQB), reaffirmed its strategic goals and commitments to shareholders.

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Austral Gold has announced a change in the address of its share registry office. As of May 23, 2024, Computershare Investor Services Pty has relocated to 6 Hope St, Ermington, NSW 2115. Telephone numbers and postal addresses remain unchanged. All documentation from member organizations, security holders, and other parties must now be submitted to this new address.

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Austral Gold and New Dimension Guernsey have agreed to sell their interests in the Sierra Blanca Project to Unico Silver. Austral Gold owns 54.69% of Sierra Blanca, and New Dimension owns 45.31%. The consideration for the sale includes 5,000,000 shares of Unico and reimbursement of certain administrative fees up to A$20,000. As a result, Austral Gold's interest in Unico will increase from 11.62% to 12.33%. The completion of the sale is subject to conditions such as Unico obtaining shareholder approval and the entry into a deed of assignment regarding a royalty over the Sierra Blanca permits. These conditions must be satisfied by or before July 31, 2024.

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Austral Gold has filed its Q1 2024 Quarterly Activity Report, showcasing its financial performance and operations in the gold production sector. The company's report is available for public access on various platforms, highlighting its commitment to transparency and accountability.

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Austral Gold announced that its Argentine subsidiary, AGASA, secured an unsecured related party loan of AR$1,400 million from Banco Hipotecario. The loan will be used to repay a bridge loan from Consultores Assets Management SA. The terms include a 6-month loan term, an interest rate of 5-day average Badlar rate + 2%, and no security provided.

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Austral Gold (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) has announced their 2024 Annual General Meeting (AGM) scheduled for May 28, 2024, in Sydney, Australia. Shareholders have received the necessary documents, including the Notice of AGM, Shareholder proxies, and the 2023 Annual Report. The documents are available on various platforms for shareholder convenience.

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Austral Gold (AGLDF) releases its Annual Report for FY23, showcasing financial performance and operational highlights.
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Austral Gold secures a new unsecured related party loan facility of up to US$2.2 million from Consultores Assets Management S.A., with favorable terms, including an interest rate of 9% per annum, for working capital purposes.
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Austral Gold Limited (AGLDF) files Appendix 4E Preliminary Final Report for FY23, showcasing strong financial performance.
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Austral Gold Limited completes the first tranche of a non-brokered private placement financing, raising US$590,503 for working capital. The convertible notes offer a 9% per annum interest rate and can be converted into ordinary shares at specified prices over a two-year period.
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FAQ

What does Austral Gold Limited do?

Austral Gold Limited is a gold and silver mining producer engaged in the exploration, development, and production of these metals in the Americas.

What recent financial transactions has Austral Gold undertaken?

Austral Gold's Argentine subsidiary secured a loan of AR$1,400 million from Banco Hipotecario to repay a related party bridge loan.

What is the Sierra Blanca Project transaction?

Austral Gold and New Dimension Guernsey Limited sold their interests in the Sierra Blanca Project to Unico Silver for 5,000,000 shares and certain administrative fee reimbursements.

Where can I access Austral Gold's Quarterly Reports?

Austral Gold's Quarterly Reports are available on their website and financial information platforms such as ASX and SEDAR.

Who is the CEO of Austral Gold?

The CEO of Austral Gold is Stabro Kasaneva.

What are Austral Gold's main strategic pillars?

Austral Gold's strategic pillars include production, exploration, and equity investments.

What is Austral Gold's approach to growth?

Austral Gold focuses on expanding its asset portfolio through strategic acquisitions, partnerships, and sustainable mining practices.

Where is Austral Gold headquartered?

Austral Gold is headquartered in Sydney, Australia.

How does Austral Gold maintain shareholder value?

Austral Gold maintains shareholder value by advancing its portfolio of producing and exploration assets and making strategic financial decisions.

What recent changes occurred in Austral Gold's share registry services?

Austral Gold's share registry services office has moved to a new address at 6 Hope St, Ermington NSW 2115.

Austral Gold Limited

OTC:AGLDF

AGLDF Rankings

AGLDF Stock Data

14.57M
100.24M
83.19%
0.07%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Sydney