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Monday, February 12, 2018 Derek Macpherson

Austral Poised for Production Growth with Commissioning Issues Resolved

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Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) reported Q4 2017 production and financial results from its operations in Chile and Argentina. Total production for the quarter was 16,914 Au oz and 590,565 Ag oz (24,621 oz AuEq), which represented a 61% and 7% increase in gold and silver, respectively, compared to the previous quarter. The significant increase in quarterly production was a result of higher output at the Guanaco and Amancaya mines due to the resolution of the operating issues associated with the commissioning of the new agitation leach plant. The company’s Casposo mine also experienced another quarter of increased production with a recent 11% increase in QoQ AuEq output. Now that the commissioning of the agitation leach plant is complete and operating issues are resolved, the processing of higher grade ore from Amancaya is likely to support higher production. In our view, Austral is poised to re-rate towards similar scale peers, as it demonstrates its increased production potential.  read more


Friday, January 26, 2018 Derek Macpherson

RCKS Charts: ASR, AGLD & QMX

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In this edition of RCKS Charts, Keith has evaluated Alacer Gold Corp. (TSX:ASR), Austral Gold Ltd. (TSXV:AGLD), and QMX Gold Corp. (TSXV:QMX). Market activity and investor attention during the past couple of weeks has increasingly focused on Q4 earnings reports. This has led to hesitant activity in mining and exploration stocks with reduced volumes, false starts and plenty of backing and filling. As this “noise” winds down, we expect attention to again refocus on the improving, underlying trends in the commodity sectors, namely metals/mining, energy and agriculture, where interest is beginning to surface. We have highlighted a number of names recently, all of which we expect continued accumulation. We are adding another three names to that list. read more


Tuesday, November 14, 2017 Derek Macpherson

Austral Adds Two Projects Adjacent to Amancaya

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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

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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

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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

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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

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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


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