Austral Gold: Q1 2020 Activity Report
April 29, 2020
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent Q1 2020 activity report announced by Austral Gold Limited (“Austral”). 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 continued solid operational performance at the Guanaco/Amancaya mine complex, including several precautionary measures to protect the health of the workforce during the COVID-19 virus outbreak. Quarterly production has been in line with 2020 guidance, showing 33% increase over the Q1 2019 and 5% decrease on the Q4 2019 to 17,096 gold equivalent ounces (16,176 gold ounces and 89,729 silver ounces).
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.
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|
|T: +44 (0)203 983 7040|
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