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Austral Gold Executes Mining Service Agreements at Casposo
TMX Newsfile· 2025-12-23 23:14
Core Viewpoint - Austral Gold Limited has entered into two significant mining service agreements to support mining development activities at its Casposo Mine in Argentina, which is expected to enhance production capabilities in 2026 [2][9]. Group 1: Mining Service Agreements - The company has signed agreements with ADL S.R.L. for drilling and blasting services and DP Minería y Servicios S.R.L. for loading and haulage services at the Julieta and Mercado open pits [3][10]. - The agreements are valued at approximately USD 42 million, plus VAT, and are set to last for 36 months from the commencement date [10]. Group 2: Production Guidance and Operations - Production from the Julieta and Mercado pits, along with existing stockpiles, is projected to be the primary source of ore for Casposo's 2026 production guidance of 11,000-13,000 Gold Equivalent Ounces (GEOs) [4][9]. - The first quarter of production for Casposo, ending December 2025, is on track to meet the guidance of 4,000-6,000 GEOs, with gold recovery rates expected to exceed 90% and cash costs anticipated to remain below USD 1,900 per ounce [6][9]. Group 3: Mineral Reserves - Total Proven and Probable Mineral Reserves for the Julieta and Mercado pits, along with existing stockpiles, are estimated to contain 43,000 recoverable ounces of gold and 1.263 million ounces of silver [5].
Abcourt Presents Operations Update for November 2025 in the Development of the Sleeping Giant Mine
Globenewswire· 2025-12-17 12:00
ROUYN-NORANDA, Quebec, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to present an update on the November development work at the Sleeping Giant Mine, located in the Eeyou Istchee region of Quebec. Highlights Tonnes milled:1,346 tonnesMill Head Grade:7.2 g/t% Recovered:95.8%Ounces Produced:298 ouncesOunces Poured:425 ounces Abcourt advanced the development of its workplaces and continued hiring in November. Abcourt added a ...
Altiplano Begins Development at Santa Beatriz Cu-Au-Fe Mine Partnering with Andes Core Mining.
Newsfile· 2025-07-22 09:30
Core Insights - Altiplano Metals Inc. has commenced development at the Santa Beatriz Cu-Au-Fe mine in partnership with Andes Core Mining, located in Chile [1][4] - The development includes a two-year agreement with Andes Core Mining for technical support, mine engineering, and development [5] - Operations are expected to start in late July, with the first shipment to the processing plant anticipated in early September [5] Development Details - The project involves the installation of a 75-meter ramp to access the Santa Beatriz vein structure, with a target to intersect the vein by August 28 [5] - Initial production is projected at 3,000 tons per month for the first four months, increasing to 5,000 tons per month thereafter [5] - The mined material will support the production of copper, gold, and iron concentrate at the El Peñón processing facility [5] Financial Performance - Altiplano has generated over C$23.8 million from the recovery and sale of more than 8.2 million pounds of copper since January 2018 [7] - The company has reinvested cash into acquisition, exploration, and the development of its processing facility [7] Company Overview - Altiplano Metals is focused on gold, silver, and copper production in the Americas, with a strategy to create long-term stakeholder value [8] - The company is part of the Metals Group, which has a strong track record in advancing mining projects from exploration to production [9]