Austral Gold Limited is a junior mining company focused on precious metal properties, primarily gold and silver assets. Austral Gold identifies, acquires, explores, evaluates and develops mineral projects in the Americas.
Austral Gold Limited is a public company with stock listed on the TSX Venture Exchange under the trading symbol AGLD. The precious metal miner is also listed on the Australian Stock Exchange (ASE) under the ticker symbol AGD.
The Sydney-based natural resource exploration company owns a 100 per cent stake in the Guanaco – Amancaya Project situated nearly 220 kilometers southeast of Antofagasta in northern Chile. In 2010, the company recommissioned the Guanaco Mine and started mining operations in the following year i.e., 2011.
Later in 2014, the company acquired the Amancaya Property from Yamana Gold Inc. This project is located some 75 kilometers southwest of the Guanaco mine. Finally, in 2017, the company commenced its mineral operations.
The mining feed from Amancaya is transported to the leaching and processing plant at the Guanaco site. The Guanaco – Amancaya Project is the company’s flagship project that hosts gold-silver bearing epithermal mineralization.
Austral holds a 100 per cent ownership stake in the Casposo Project sitting approximately 10 kilometers northwest of Calingasta, in San Juan, Argentina. The Casposo Project consists of a low sulfide gold (Au) and silver (Ag) bearing epithermal deposit -- the Casposo Mine -- and a processing facility.
It encompasses a total area of approximately 100.21 square kilometers. In addition, the company operates a portfolio of numerous mineral greenfield exploration projects in Santa Cruz, Argentina:
• Pingüino (the company’s advanced flagship project)
• Nuevo Oro
• 8 de Julio
The company has mineral exploration businesses in Chile, Argentina, Australia and Canada. It earns revenue significantly from its Chile operations. Austral Gold is working on exploration programs to discover and evaluate prospective target areas to exploit the mineral resource potential for the development and advancement of its projects.