Austral Gold Restarts Production at Casposo, Argentina
Austral Gold (OTCQB: AGLDF) has restarted commercial production at its 100%‑owned Casposo Mine in Argentina after completing a plant refurbishment and commissioning.
Key metrics: Q4 2025 production guidance 4,000–6,000 gold equivalent ounces (GEOs) (including 230 GEOs from commissioning), average monthly run‑rate ~1,800 GEOs, and refurbishment funded in part by a US$7 million bank loan. Forecast head grades: 1.88 g/t Au and 80.73 g/t Ag; metallurgical recoveries: 90.3% Au and 85.8% Ag. The company will initially mine stockpiles and plans to transition to open‑pit mining under a proposed contract with a local contractor.
Austral Gold (OTCQB: AGLDF) ha riavviato la produzione commerciale presso la sua miniera Casposo di proprietà al 100% in Argentina dopo aver completato la ristrutturazione dell'impianto e la messa in servizio.
Metriche chiave: previsione di produzione Q4 2025 4.000–6.000 once equivalenti in oro (GEO) (inclusi 230 GEO dalla messa in servizio), velocità media mensile ~1.800 GEO, e il rifacimento è stato finanziato in parte da un prestito bancario di 7 milioni di USD. Previsioni dei gradi di testa: 1,88 g/t Au e 80,73 g/t Ag; rendimenti metallurgici: 90,3% Au e 85,8% Ag. L'azienda inizierà a estrarre dalle scorte accumulate e prevede di passare all'estrazione a cielo aperto nell'ambito di un contratto proposto con un appaltatore locale.
Austral Gold (OTCQB: AGLDF) ha reanudado la producción comercial en su mina Casposo, 100% propia, en Argentina tras completar la remodelación de la planta y la puesta en marcha.
Métricas clave: guía de producción para Q4 2025 de 4,000–6,000 onzas equivalentes de oro (GEO) (incluidos 230 GEO de la puesta en marcha), tasa mensual promedio ~1,800 GEO, y el refuerzo financiado parcialmente por un préstamo bancario de 7 millones USD. Las previsiones de grados de cabeza: 1.88 g/t Au y 80.73 g/t Ag; recuperaciones metalúrgicas: 90.3% Au y 85.8% Ag. La compañía, inicialmente, explotará pilas de material y planea pasar a la minería a cielo abierto bajo un contrato propuesto con un contratista local.
Austral Gold (OTCQB: AGLDF)가 아르헨티나에 100% 소유한 Casposo 광산의 상업적 생산을 재개했습니다. 이는 공장 보수 및 가동을 완료한 결과입니다.
주요 지표: 2025년 4분기 생산 가이드라인 4,000–6,000 골드 등가온스(GEO) (가동 가동으로 230 GEO 포함), 평균 월간 런율 약 1,800 GEO, 그리고 보수공사는 미화 700만 달러의 은행 대출로 부분 자금 조달되었습니다. 예상 선두 등급: 1.88 g/t Au 와 80.73 g/t Ag; 금속 회수율: 90.3% Au 와 85.8% Ag. 회사는 초기에는 매장 재고를 채굴하고 지역 계약업체와의 제안된 계약하에 노천광으로의 전환을 계획합니다.
Austral Gold (OTCQB: AGLDF) a repris la production commerciale sur son gisement Casposo, possédé à 100 % par la société, en Argentine après avoir achevé la rénovation de l’usine et sa mise en service.
Indicateurs clés : prévision de production T4 2025 de 4 000 à 6 000 ounces équivalentes d’or (GEO) (dont 230 GEO issus de la mise en service), taux mensuel moyen d’environ 1 800 GEO, et le coût de restructuration financé en partie par un prêt bancaire de 7 millions USD. Prévisions de teneurs en tête : 1,88 g/t Au et 80,73 g/t Ag; rendements métallurgiques : 90,3 % Au et 85,8 % Ag. La société commencera par l’exploitation des stocks et prévoit de passer à l’exploitation en puits ouverts dans le cadre d’un contrat proposé avec un entrepreneur local.
Austral Gold (OTCQB: AGLDF) hat die kommerzielle Produktion in der 100%-igen Casposo-Mine in Argentinien nach Abschluss der Modernisierung der Anlage und der Inbetriebnahme wieder aufgenommen.
Schlüsselkennzahlen: Produktionsprognose für Q4 2025 von 4.000–6.000 Goldäquivalenzunzen (GEOs) (einschließlich 230 GEO aus der Inbetriebnahme), durchschnittliche monatliche Laufleistung ca. 1.800 GEO, und die Renovierung teilweise durch ein Bankdarlehen in Höhe von 7 Mio. USD finanziert. Erwartete Kopf- bzw. Graden: 1,88 g/t Au und 80,73 g/t Ag; metallurgische Rückgewinnung: 90,3% Au und 85,8% Ag. Das Unternehmen wird zunächst Lagerbestände abbauen und plant, auf Offenen-Abbau-Mining über einen vorgeschlagenen Vertrag mit einem lokalen Auftragnehmer überzugehen.
أسترال جولد (OTCQB: AGLDF) أعادت بدء الإنتاج التجاري في منجم Casposo المملوك بنسبة 100% في الأرجنتين بعد إكمال ترميم المصنع والتشغيل.
المقاييس الرئيسية: توقعات إنتاج الربع الرابع 2025 من 4,000–6,000 أوقية مكافئة ذهباً (GEOs) (بما في ذلك 230 GEO من التشغيل)، معدل التشغيل الشهري ~1,800 GEO، ولتمويل أعمال التحديث تم الحصول جزئياً على قرض بنكي قدره 7 ملايين دولار أمريكي. درجات الرأس المتوقعة: 1.88 ج/غ/ت Au و 80.73 ج/غ/ت Ag; نسب الاستخراج المعدنية: 90.3% Au و 85.8% Ag. ستقوم الشركة في البداية بتعدين المخزونات وتخطط للانتقال إلى التعدين السطحي بموجب عقد مقترح مع مقاول محلي.
Austral Gold (OTCQB: AGLDF) 已在其100%自有的Casposo矿在阿根廷重新开启商业生产，原因在于完成了厂房翻新和调试。
关键指标：2025年第四季度产量指引为4,000–6,000金当量盎司（GEOs）（其中230 GEO来自投产），平均月跑量约为1,800 GEO，翻新部分由一笔700万美元银行贷款资助。前沿品位预测：1.88 g/t Au和80.73 g/t Ag；选冶回收率：90.3% Au和85.8% Ag。公司初期将开采库存材料，计划在与本地承包商拟定的合同下转为露天开采。
- Commercial production resumed at 100%‑owned Casposo
- Q4 2025 production guidance of 4,000–6,000 GEOs
- Commissioning produced 230 GEOs of doré
- Forecast recoveries: 90.3% Au and 85.8% Ag
- Initial production sourced from existing stockpiles rather than active open‑pit mining
- Transition to open‑pit mining depends on finalising a contract with a local contractor
HIGHLIGHTS
- Casposo enhances Austral Gold's production profile, with two active mines now operating in Argentina and Chile.
- Commercial production has resumed at the Casposo Mine following completion of the plant refurbishment.
- Q4 2025 Casposo production is forecasted to be approximately 4,000 to 6,000 gold equivalent ounces (GEOs1), including 230 GEOs1 produced during the commissioning phase.
Sydney, Australia--(Newsfile Corp. - October 13, 2025) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company"), an established gold producer, is pleased to announce that commercial production has resumed at its
The refurbishment of the Casposo Plant has been successfully completed, including the commissioning phase, which formally commenced at the end of December 2024, following the Company's receipt of a US
Initial production at Casposo is currently being sourced from the Company's existing stockpiles. Austral plans to transition to open-pit mining through a collaborative operating arrangement. The Company is in negotiations with a local contractor and expects to finalise an agreement soon. Under this structure, the contractor will provide mining services under the Company's supervision.
As part of the plant refurbishment, the Company completed the commissioning phase, producing approximately 230 gold equivalent ounces (GEOs1) of doré. During commissioning, the doré was smelted from residual plant material and historical samples that had been returned to Casposo by Argentine customs authorities.
Austral Gold's Chief Executive Officer, Stabro Kasaneva, said: "We are pleased to announce the restart of operations at Casposo, marking a significant milestone for the company as we expand our production base along existing mining operations at Guanaco. This development positions us to generate improved cash flow and strengthen our financial position. I thank our team for their dedication in completing the plant refurbishment and our debtholders and shareholders for their continued support."
Production guidance for the remainder of 2025 from Casposo is forecasted at approximately 4,000 - 6,0001 gold equivalent ounces (GEOs1), representing a monthly average of 1,800 GEOs1. This estimate includes the 230 GEOs produced during the commissioning phase.
- Notes:
- Gold equivalent ounces (GEOs) were calculated using a silver-to-gold ratio (Ag:Au) of 91:1, in accordance with the following formula: AuEq (g/t) = (g/t Au) + (g/t Ag) / 90.91, where the factor 90.91 reflects metal prices of US
$2,500 /oz for gold and US$27.5 /oz for silver. - Gold and silver are expected to account for
70% and30% at Casposo. - Casposo: Metallurgical recovery rates are forecast at
90.3% for gold and85.8% for silver under the agitation leaching process. Average head grades are forecast at 1.88 g/t gold and 80.73 g/t silver.
- Gold equivalent ounces (GEOs) were calculated using a silver-to-gold ratio (Ag:Au) of 91:1, in accordance with the following formula: AuEq (g/t) = (g/t Au) + (g/t Ag) / 90.91, where the factor 90.91 reflects metal prices of US
About Austral Gold
Austral Gold is a 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 | Jose Bordogna |
| Joint Company Secretary | Chief Financial Officer and Joint Company Secretary |
| Austral Gold Limited | Austral Gold Limited |
| david@confidantpartners.com | jose.bordogna@australgold.com |
| +61 433 292 290 | +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 and statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar expressions are intended to identify forward-looking statements. The forward-looking statement in this news release include, but are not limited to, statements regarding expectations regarding the recommencement of commercial production at the Casposo Mine, estimated production volumes, the transition to open-pit mining, anticipated cash flow improvements, the anticipated finalisation of a contractor agreement to support open-pit mining operations, and the Company's growth strategy, including plans to advance its 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, uncertainty in the measurement of mineral resources and reserves; and other risks and hazards related to the exploitation and development of mineral properties, as well as 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/270308
FAQ
What production did Austral Gold (AGLDF) forecast for Casposo in Q4 2025?
How much doré was produced during Casposo's commissioning reported by Austral Gold (AGLDF)?
What head grades and metallurgical recoveries did Austral Gold (AGLDF) report for Casposo?
How is Austral Gold (AGLDF) funding the Casposo plant refurbishment?
Will Casposo start open‑pit mining immediately at restart for Austral Gold (AGLDF)?
What metal split did Austral Gold (AGLDF) forecast for Casposo production?
