MEDIA RELEASE
Austral Gold Limited
31
October
2018
Austral Gold Reports Q
3
2018 Results
Austral Gold Limited (the “Company”(ASX: AGD; TSX
-
V: AGLD) is pleased to report results from
its activities during its
third
quarter ended 30
September
2018.
Stabro Kasaneva, CEO of Austral Gold said "
We are pleased
to confirm the stabili
s
ation of the
Guanaco/Amancaya mine complex by surpassing 15,000 of gold equivalent ounces of production
for a second consecutive quarter. Our main challenge remains the operation of the Casposo mine.
Production at Casposo continues to be below expectations
and we have commenced a
comprehensive review of the operational and business model.
We expect our cash and
A
ISC
to
continue to decrease in our fourth quarter
as we
focus on our continuous improvement strategy
.
”
K
ey Highlights:
•
Combined
gold
and
silver
production
(100%
basis*)
for
the
September
2018
quarter
was
21,788
gold
equivalent
ounces
(or
16,585 gold ounces and 423,180 silver ounces
).
This
represents
an
increase of 23% from the quarter ended 30 September 2017 and a decrease of 2% from the
quarter
ended 30 June
2018
.
•
During the quarter, production at the Guanaco/Amancaya mine complex (Chile) remained
stable
at 15,398 gold equivalent ounces (monthly average of 5,133 ounces)
while production at the
Casposo mine (Argentina) was lower than forecasted
a
t 6,390 gold equivalent ounces (monthly
average of 2,130 ounces)
due to continued setbacks at the underground mine.
•
Combined quarterly operating
cash cost (C1) and all
-
in
-
sustaining cost (AISC) improved from the
June 2018 quarter
by 10% to US$922 (Guanaco/
Amancaya:US$775; Casposo:US$1,274) and
6
%
to US$1,157 (Guanaco/Amancaya:US$930; Casposo:US$1,705) per gold equivalent ounce
respectively with average selling prices of US$1,214 per ounce of gold and US$14.6 per ounce of silver.
•
Revised
combined production
guidance
for
the
year
is
reduced to
88,000
-
90,000 gold
equivalent ounces from former guidance of
100,000
-
105,000
gold
equivalent
ounces (100%
basis*) due to
a reduction in the forecasted production at the Casposo Mine. The Company
has commenced a comprehe
nsive review of the Casposo operational and business model
and further details will be announced in due course.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.184M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 8111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 143000 | 0.016 |
4 | 446127 | 0.015 |
2 | 50000 | 0.014 |
1 | 300000 | 0.010 |
1 | 300000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 8111 | 1 |
0.036 | 237471 | 2 |
0.041 | 48804 | 1 |
0.042 | 100000 | 1 |
0.045 | 30000 | 1 |
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