RCKS talk

Tuesday, November 14, 2017 Derek Macpherson

Austral Adds Two Projects Adjacent to Amancaya

Download Report  

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) has announced the completion of its purchase of a 100% interest in the San Guillermo and Reprado projects from Revelo Resources (TSXV:RVL), which was previously announced in July. The two projects are located adjacent to Austral Gold’s Amancaya project. The two projects are also located within 70km of the company’s new agitation leach plant at Guanaco, which has recently reached design performance. Therefore, this strategic asset acquisition has potential to add value to the company’s existing operations in the region. As mentioned, the company announced that all sections of the new agitation leach plant are now running at or near design specifications, which is expected to increase production at Guanaco/Amancaya going forward. In our view, Austral is poised to re-rate towards similar scale peers, as it demonstrates its increased production potential in both Chile and Argentina.  read more


Wednesday, November 08, 2017 Derek Macpherson

RCKS Charts: GSC, NVO, TK, AGLD, ECC, PGE & TRA

Download Report

In this edition of RCKS Charts, Keith has evaluated Golden Star Resources (TSX:GSC), Novo Resources (TSXV:NVO), Tinka Resources (TSXV:TK), Austral Gold (TSXV:AGLD, ASX:AGD), Ethos Capital (TSXV:ECC), Group Ten Metals (TSXV:PGE) and Teras Resources (TSXV:TRA). read more


Wednesday, November 01, 2017 Derek Macpherson

Austral Reports Q3; Production likely to Increase in Q4

Download Report

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) reported Q3 2017 production and financial results from its operations in Chile and Argentina. Total production for the quarter was 10,482 Au oz and 549,571 Ag oz (17,712 AuEq). The 41% increase in Ag production compared to last quarter offset the 11% decrease in Au production, which resulted in a net increase in AuEq production of 5% QoQ. The significant increase in production at Casposo allowed for a net increase in production for the company, as Guanaco processed lower tonnes due to delays in the commissioning of the new plant (Figure 1). Production guidance for CY2017 has been lowered to 85k-90k AuEq oz from 95k-101k AuEq oz. However, the company announced that all sections of the new agitation leach plant are now running at or near design specifications, which is expected to increase production at Guanaco/Amancaya going forward. In our view, Austral is poised to re-rate towards similar scale peers, as it demonstrates its increased production potential in both Chile and Argentina.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

Download Report

On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Monday, August 21, 2017 Derek Macpherson

AGLD’s Regional Trenching Program Yields Positive Results

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) reported initial trenching results from its Amancaya project in Chile. Results were highlighted 2.5m at 9.7 g/t Au and 6.9 g/t Ag at the newly discovered Nueva Vein and 2.3m at 8.1 g/t Au and 6.1 g/t Ag from the Nueva Sur Vein (Figure 1). The company believes that these newly discovered veins have the ability to yield a similar resource to the Central Vein which hosts 497k oz at 8.96 g/t AuEq (1.8 million tonnes). These new veins were discovered as part of the company’s regional trenching program on previously identified targets. The company plans to follow-up these results with a drill program, once the overall exploration program is complete. While these results highlight the longer-term potential of Amancaya, investors are likely to remain focused on the near-term as the company’s production profile is poised to increase with Amancaya ore starting to be processed. In our view, Austral is poised to re-rate towards similar scale peers, as it demonstrates its increased production potential.  read more


Tuesday, August 01, 2017 Derek Macpherson

New Plant Delays Impact ALGD’s Q2; Ops Expected to Improve in Q3

Download Report

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) reported Q2 2017 production and financial results from its operations in Chile and Argentina. Total production for the quarter was 11,764 Au oz and 390,234 Ag oz (16,898 AuEq), the decrease in overall production QoQ was due to delays in the commissioning of the new agitation leach plant (Figure 1). The plant is expected to come online next quarter, which should result in higher production for the remainder of the year. Overall, it appears the company has the potential to meet its guidance of 115k AuEq oz for CY2017; however, the processing of higher grade ore from Amancaya is key. In our view, Austral is poised to re-rate towards similar scale peers, as it demonstrates its increased production potential. read more


Tuesday, July 18, 2017 Derek Macpherson

AGLD Consolidates Land Position Around Amancaya

Download Report  

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) announced it will acquire 100% interest in the San Guillermo and Reprado projects from Revelo Resources Corp. (TSXV:RVL), for 10 million shares of Austral (C$1.5 million) as well as NSRs on future production at both projects (1% NSR Reprado, 0.5% NSR San Guillermo). In February 2016, Austral signed an Option and Sale Agreement on San Guillermo with Revelo, which has now been cancelled. The transaction is beneficial to Austral adding near mine exploration potential from both projects which are located adjacent to Amancaya. We continue to expect improved performance from the company over the course of the year, as the new agitation leach plant comes online and higher-grade stockpiled ore at Amancaya begins being processed. In our view, Austral is poised to re-rate towards similar scale peers. read more


Wednesday, July 12, 2017 Derek Macpherson

AGLD Completes PFS for Guanaco & Amancaya

Download Report

Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) has filed the combined Pre-Feasibility Study for the Guanaco Mine and Amancaya Project in Chile which outlines an average annual production of 53k oz Au and 370k oz Ag over a 5-year mine life. The company is estimating an NPV (5%) of US$71.3 million, AISC of US$892/oz Au and LOM sustaining capital costs of US$66.4 million over the life-of-mine. We note that the production scenario outlined in the PFS may not reflect ramped up operations, as there is only a limited contribution from Guanaco, as most of the resources at the project are in the inferred category; hence, excluded from the study. Based on historical production results, we would expect the combined production profile to exceed what is outlined in the PFS and be between 60-75k oz AuEq per year. We continue to expect improved performance from the company over the course of the year, as the new agitation leach plant comes online and higher-grade stockpiled ore at Amancaya begins being processed. In our view, Austral is poised to re-rate towards similar scale peers. read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.