Austral Gold Reports a Delay in Filing 2024 HY Report

Rhea-AI Summary

Austral Gold (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF), an established gold producer, has announced a delay in filing its 2024 Half Year Report. The report, originally due on August 30, 2024, could not be completed on time due to unforeseen circumstances affecting both the company and its auditor. Austral Gold has committed to finalizing the report as soon as possible and will provide updates in line with its continuous disclosure obligations. This delay highlights potential challenges in the company's financial reporting process, which may be of interest to investors and regulatory bodies.

Positive

• None.

Negative

• Delay in filing 2024 Half Year Report
• Potential non-compliance with reporting deadlines
• Unforeseen circumstances affecting company and auditor

Sydney, Australia--(Newsfile Corp. - September 3, 2024) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") reports that due to recent unforeseen circumstances the Company and its auditor have been unable to complete the 2024 Half Year Report by 30 August 2024 . The Company will endeavour to finalise its 2024 Half Year Report as soon as possible and will provide further updates as required in accordance with its continuous disclosure obligations. 

About Austral Gold

Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

For more information, please visit the Company's website at www.australgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release approved by the Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

David Hwang
Joint Company Secretary
Austral Gold Limited
david@confidantpartners.com
+61 433 292 290

Jose Bordogna
Chief Financial Officer and Joint Company Secretary
Austral Gold Limited
jose.bordogna@australgold.com
+61 466 892 307

Forward Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward- looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news the Company will endeavour to finalise its 2024 Half Year Report as soon as possible, it will provide further updates as required in accordance with its continuous disclosure obligations, and Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221937

FAQ

Why is Austral Gold (AGLDF) delaying its 2024 Half Year Report?

Austral Gold is delaying its 2024 Half Year Report due to recent unforeseen circumstances affecting both the company and its auditor, preventing them from completing the report by the August 30, 2024 deadline.

When will Austral Gold (AGLDF) file its delayed 2024 Half Year Report?

Austral Gold has not provided a specific date but stated it will endeavor to finalize the 2024 Half Year Report as soon as possible and will provide updates in accordance with its continuous disclosure obligations.

What are the potential implications of Austral Gold's (AGLDF) delayed 2024 Half Year Report?

The delay could potentially lead to non-compliance with reporting deadlines, affect investor confidence, and raise questions about the company's financial reporting processes. It may also attract regulatory scrutiny.

How has Austral Gold (AGLDF) communicated about the delay in its 2024 Half Year Report?

Austral Gold has issued a press release on September 3, 2024, informing stakeholders about the delay, the reasons behind it, and their commitment to finalizing the report as soon as possible while providing further updates as required.