Welcome to our dedicated page for Augusta Gold news (Ticker: AUGG), a resource for investors and traders seeking the latest updates and insights on Augusta Gold stock.
Augusta Gold Corp. (AUGG) provides investors with critical updates on its gold exploration projects in Nevada's Bullfrog mining district. This page aggregates official announcements, technical developments, and strategic milestones related to the Reward and Bullfrog projects.
Access consolidated information on feasibility study results, financing arrangements, and operational progress. Track updates on mineral reserve estimations, heap leach advancements, and partnership negotiations essential for evaluating the company's trajectory.
Content includes earnings reports, acquisition announcements, project permitting updates, and leadership changes. All materials are sourced directly from the company to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Augusta Gold's latest developments. Check regularly for authoritative updates impacting gold exploration strategies and mining sector investments.
Augusta Gold (OTCQB: AUGG) has announced amendments to its existing loans. The company has secured an additional US$250,000 loan from Augusta Investments Inc. Following this amendment, the Toronto Stock Exchange policies no longer require the company to obtain disinterested shareholder approval for interest payable from October 1, 2024, through the maturity date. Additionally, Augusta Gold has extended its outstanding loan with Donald Taylor until June 30, 2025.
Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) has announced an extension of its loan maturity date with Augusta Investments Inc. to April 30, 2025. The company will pay an extension fee of US$71,748.00 to the lender. Additionally, the lender will provide an Additional Loan Amount of US$5,479,941.03, covering all interest and fees payable through September 30, 2024, which Augusta Gold will immediately repay.
Interest payable from October 1, 2024, through the new maturity date will require approval from disinterested shareholders, as per Toronto Stock Exchange requirements. If this approval is not obtained by April 30, 2025, the principal amount may become immediately due upon the lender's written notice.
Augusta Gold Corp. (TSX: G, OTCQB: AUGG) announced results of the Feasibility Study for its 100% owned, construction-ready Reward Project in Nevada. Highlights include:
- Proven and Probable Mineral Reserves of 370,000 oz gold grading 0.86 g/t
- Conventional open pit, heap leach operation with 7.6-year mine life
- Average annual gold production of 39,000 oz
- All-in Sustaining Cost of $1,328/oz
- Pre-production capital cost of $89.7 million
- At $1,975/oz gold price: After-tax NPV (5%) of $50.6M, IRR of 16.6%
The company has initiated a strategic review process to maximize shareholder value and agreed to extend its loan term to February 2025. The Reward Project has all required permits for construction and could be in production within 12 months of starting full-scale construction.
Augusta Gold has announced an extension of the maturity date for its loan with Augusta Investments to September 30, 2024. This extension required the company to pay an extension fee of US$30,399. This decision aims to provide additional time for Augusta Gold to manage its financial obligations under the loan agreement. The original loan agreement's specifics and the financial implications of this extension were not detailed in the press release.
Augusta Gold Corp. (TSX: G; OTCQB: AUGG; FSE: 11B) announced the approval of all matters presented at its annual shareholder meeting on June 20, 2024. Key resolutions included the election of the company’s five director nominees, re-appointment of Davidson & Company LLP as auditors, and approval of unallocated options under the current stock option plan.
All five director nominees received overwhelming support, with Richard Warke garnering 99.75% of votes, Donald Taylor 99.86%, Lenard Boggio 99.88%, John Boehner 99.41%, and Daniel Earle 99.76%. The re-appointment of Davidson & Company LLP and the authorization for directors to fix their remuneration were also sanctioned.
