Austral Gold: Q1 2019 Activity Report
April 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 Q1 2019 activity report. Austral is the operator of the Amancaya gold mine located in Chile, on which Elemental holds a 2.25% NSR royalty.
Elemental notes that during Q1 the Guanaco / Amancaya mine complex produced 11,211 Oz Au and 137,886 Oz Ag (12,851 Oz Au Eq) versus production of 15,560 Oz Au and 167,372 Oz Ag (or 17,547 Oz Au Eq) during Q4 2018, the decrease in production being mainly a result of lower throughput from Amancaya due to lower mine equipment availability.
Guanaco/Amancaya continues to post positive margins with quarterly C1 and AISC of US$797 and US$1,027 respectively per gold equivalent ounce. C1 and AISC increased by 28% and 30% respectively from Q4 2018 due to the decrease in production and appreciation of the Chilean peso and decreased by 20% and 8% respectively from the Q1 2018 quarter.
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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