Austral Gold: Q4 Activity Report
January 30, 2019
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.
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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