Austral Gold Limited (ASX: AGD; TSX-V: AGLD; OTCQB: AGLDF), an established gold producer focused on building a portfolio of quality assets in the Americas, has announced the filing of its Q2 2025 Quarterly Activity Report. The report, detailing the company’s production, exploration, and financial activities for the three-month period ended June 30, 2025, is available on the ASX, SEDAR+, and the company’s website.
The Q2 2025 report highlights include sales revenue of US$9.8 million from Guanaco Operations, with production totalling 2,891 gold equivalent ounces (GEOs). The average selling price of gold increased to US$3,280/oz. Operating cash costs (C1) were US$2,548/oz, and all-in-sustaining costs (AISC) reached US$2,749/oz. The company has revised its 2025 production outlook to 14,000-16,000 GEOs, with adjusted C1 and AISC estimates of US$1,900-US$2,100/oz and US$2,100-US$2,300/oz, respectively.
At the Casposo Mine in Argentina, refurbishment of the plant progressed, targeting a workforce of 116 employees by the end of August. Key activities are nearly completed, with commercial operations expected to commence in the second half of 2025, including processing mineralised material from the Hualilan Project under the Toll Agreement with Challenger Gold. Metallurgical testing indicates an expected gold recovery rate exceeding 80% for Hualilan material processed at Casposo.
Austral Gold’s cash position at the end of Q2 2025 was US$1.1 million (US$2.4 million including unrefined GEOs). Total financial debt amounted to US$28.5 million. The company also announced the appointment of BDO Audit Pty Ltd as its auditor, replacing KPMG, and the passing of all resolutions at its Annual General Meeting. The company also held 22.9 million shares in ASX listed Unico Silver Ltd. As of 29 July 2025, Unico’s share price had increased to A$0.44 per share, valuing the Company’s shareholdings and options at approximately US$6.8 million US$2.2 million, respectively.
