Austral Gold: Q4 Activity Report

Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent announcement made by Austral Gold Limited (“Austral”) of that company’s Q4 2018 activity report. Austral is the operator of the Amancaya gold mine located in Chile, on which Elemental holds a 2.25% NSR royalty.

Elemental is pleased to note the positive Q4 2018 report from Austral, where during Q4 the Guanaco / Amancaya mine complex continued its strong performance with 17,547 gold equivalent ounces produced. This represents a 14% increase from Q3 2018 and a 42% increase from Q4 2017 when Austral completed the commissioning of the new agitation leach plant.

  • Q4 production for the Guanaco / Amancaya complex increased to 15,560 Oz Au & 167,372 Oz Ag
  • Quarterly AISC decreased from$930/Oz in Q3 2018 to $792/Oz in Q4 2018, driven by higher gold grades and improved recoveries
  • YTD production reached 61,271 gold equivalent ounces in line with the operator’s guidance of 62,000 for the year
  • Exploration is ongoing to locate mineralised ore shoots with structural and mineralogical studies carried out

The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.

 

Original Article: https://www.australgold.com/news-releases/
Download PDF: https://www.asx.com.au/asxpdf/20190131/

 

 

About Elemental Royalties Limited

Elemental is a private company providing investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.

Since early 2017 Elemental has assembled a portfolio of five royalties over seven commodities in four countries, four of which cover producing mines. Immediate cash-flow has enabled the Company to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.

Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.

For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:

Elemental Royalties Limited
Frederick Bell: Managing Director T: +44 (0) 203 434 633
M: +44 (0)755 487 2794
E: frederick@elementalroyalties.com
Greg Owen: Corporate Development Manager T: +44 (0) 203 434 633
M: +44 (0)7887 554 316
E: greg@elementalroyalties.com

 

 

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements which constitute “forward-looking”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions or the negative thereof, as they relate to the Company, or its management, are intended to identify such forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.  These forward-looking statements speak only as at the date of this press release.  Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.