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5 stories mentioning ASX:AGDUpdated just now

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Asia

Austral Gold in Talks with Challenger Gold to Transition from Toll Processing Agreement to Mineralized Material Purchase Deal

Austral Gold (ASX:AGD) is in talks with Challenger Gold (ASX:CEL) regarding a transition from the current toll processing agreement to an arrangement under which Austral would purchase mineralized material from Challenger's Hualilan project in Argentina, according to a Thursday Australian bourse filing.Casposo processed 39,342 tonnes of Hualilan material during May and June at recovery rates above 85%, and tolling fees have been received in full. The fixed monthly fees for July and August have also been received.Any new arrangement is expected to be non-exclusive.Challenger's shares fell 1% in recent trading on Thursday.

ASX:AGDASX:CEL
Asia

Austral Gold Reports Over $192 Million After-Tax NPV for Chile Mine in Updated Life-of-Mine Plan; Shares Tumble 8%

Austral Gold (ASX:AGD) reported an after-tax net present value of $192.1 million at a 10% discount rate and a four-year mine life under its updated mineral reserve and mineral resource estimate and new life-of-mine plan for its Guanaco Mine in Chile, according to a Thursday Australian bourse filing.The company said proven and probable mineral reserves stand at 18.1 million tonnes grading 0.84 grams per tonne gold (g/t) and 5.43 g/t silver, containing about 352,000 ounces of gold and 1.49 million ounces of silver, estimated at $2,200 per ounce gold and $25 per ounce silver.Average life-of-mine metallurgical recovery is 72% for gold and 47% for silver, with the all-in sustaining cost of $2,114 per ounce gold equivalent and operating cost of $1,978 per ounce gold equivalent, the filing added.Life-of-mine capital expenditure is $13.9 million, comprising $2.2 million sustaining and $11.7 million for closure and reclamation, it added.The company's shares tumbled 8% in recent Thursday trade.

ASX:AGD
Asia

Freehill Mining Signs Strategic MOU With Austral Gold for Chilean Copper Projects; Shares Up 100%

Freehill Mining (ASX:FHS) signed a strategic memorandum of understanding (MOU) with Austral Gold (ASX:AGD) to cooperate on the identification, evaluation, acquisition, exploration and development of mining projects in Chile, with an emphasis on copper and copper-gold systems, according to a Thursday Australian bourse filing.The company said Austral Gold brings recognized technical, operational, and regulatory capability to Freehill's project pipeline, de-risking and speeding up evaluation and potential development pathways while accelerating Freehill's strategic push into copper alongside the growth of its aggregates business.The MOU is currently non-binding, with the parties to negotiate a formal cooperation agreement, and intend to negotiate definitive agreements for specific projects upon successful due diligence and negotiations, it added.Freehill Mining's shares rose 100% in recent Thursday trade.

ASX:AGDASX:FHS
Asia

Challenger Gold's First Gold-Silver Doré from Argentina Project Marks Transition to Gold Producer, Euroz Hartleys Says

Challenger Gold's (ASX:CEL) first gold-silver doré from its Hualilán project in Argentina marked the company's transition to a gold producer from an explorer, Euroz Hartleys said in a Tuesday note.The first pour, under a toll milling agreement with Austral Gold (ASX:AGD), produced around 200 kilograms of doré estimated to contain 500 ounces of gold and 6,000 ounces of silver from around 15,000 tonnes of ore.The agreement provides the company with an annual guaranteed processing capacity of 150,000 tonnes and a total secured capacity of 450,000 tonnes over three years.The Hualilán toll milling pre-feasibility study used recoveries of 84% for gold and 66% for silver at nearly 100% payability, implying revenue potential of roughly $2.7 million.There are no changes to the modelling assumptions for the initial toll milling operations, the financial services firm said.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$0.40 price target on Challenger Gold.Challenger Gold shares rose more than 3% in midday trade on Wednesday, while Austral Gold shares were down 4%.

ASX:AGDASX:CEL
Asia

Challenger Gold Pours First Gold Bar From Argentina Project

Challenger Gold (ASX:CEL) poured its first gold bar from the Hualilán gold project in Argentina under a toll milling agreement with Austral Gold (ASX:AGD), according to a Tuesday Australian bourse filing.The first pour produced around 200 kilograms of doré estimated to contain 500 ounces of gold and 6,000 ounces of silver from around 15,000 tonnes of ore, the filing said.The agreement provides Challenger an annual guaranteed processing capacity of 150,000 tonnes and a total secured capacity of 450,000 tonnes over a three-year term.

ASX:AGDASX:CEL

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