Ann: Austral Gold Announces Filing of 2021 Half Year Report, page-2

An accounting loss and we are told for the first time that Amancaya shutdown for 12 days in June!!!

Production halved and all in sustaining costs doubled!! No wonder the share price has fallen, as some people clearly knew.

There is really no commentary on the future, or how the mine went in July and August.

However, they have maintained guidance:

"Production guidance for 2021 for the Guanaco and Amancaya Mine complex remained in the range of 45,000-50,000 gold-equivalent ounces
with C1 and AISC in the range of US$850 to US$950 and US$1,050 to US$1,150 per GEO, respectively."

As we produced only 13035 gold oz equivalent in 1H at C1 $US 1280 and all in cost of $US 2011 that implies a very good second half. However, some evidence from the first 2 months would have been reassuring.