Growth, page-9

I just had a glance over the Austral Gold (asx AGD) 1/2 yearly report released a couple of days ago

https://hotcopper.com.au/threads/ann-half-year-financial-report.4932694/

for 6 months to 30Jun2019 they're showing some figures for Casposo (probably not representing full 6 months operations, since it's been on care and maintenance for much of the period ?)

processed 39k tons
2,770 oz of gold and 143,542 oz silver produced (100% figures)

* Very high AISC - nearly US$2300 - a bit unfair, since low production before stopping ( only ~ 4.5k oz gold equiv ) , so the costs are not borne across what would be the 'nominal' full period output

* Sales vol ( ~6.4k oz gold equiv ) POG realised US$1295 POS realised US$15

- so on those figures it's not cutting it.

With their 70% ownership in Casposo, (understandably at the time), AGD declined the opportunity to take up 10% for US$1,500,000 in December 2018 from TRY's 30%

I'm not sure what becomes of this declined portion (maybe gets adjusted to a new offer ?),
but their next opportunity is

10% for US$2,500,000 in December 2019
10% for US$3,000,000 in December 2020
and the exercise price of each option is subject to adjustment if the price of silver is at US$16/oz Ag or greater . .

. . which it has been since mid July 2019 - and is currently >US$18 .

If profitable production can start up again, the production sales and/or the parcel selloffs, should be worth a handy few $mil to TRY one way or another - surely someone's been crunching the numbers again given the last month or two's rises in POG & POS.

I think (whether producing or not at this stage), for the larger AGD shareholders (esp. those with other Argentina based assets), they'd be happy it's proved very useful as a great hedge play, having a stake in precious metal commodities (in international pricing) vs the sinking Argentinian Peso .