Austral Gold: Q4 2019 Activity Report
January 31, 2020
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent Q4 2019 activity report announced by Austral Gold Limited (“Austral”). Austral is the operator of the Amancaya gold mine located in Chile, on which Elemental holds a 2.25% NSR royalty.
Elemental is pleased to note continued sound operational performance at the Guanaco and Amancaya Mine complex. Quarterly production increased by 2.3% from the Q4 2018 quarter and 0.4% from the Q3 2019 quarter to 17,953 gold equivalent ounces (16,578 gold ounces and 116,380 silver ounces). Full year production for 2019 reached 67,004 gold equivalent ounces (60,665 gold ounces and 543,914 silver ounces vs. 2019 Production Guidance of 70,000-75,000 gold equivalent ounces).
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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