Challenger Gold Says Austral Gold Unit Secures Plant Restart Financing

MT Newswires Live

2024/12/27

Challenger Gold (ASX:CEL) said Austral Gold (ASX:AGD) subsidiary, Casposo Argentina Mining, obtained a $7 million secured loan from Banco San Juan in Argentina to refurbish the Casposo plant for toll milling material from the company's Hualilan project, according to a Monday filing with the Australian bourse.

The Casposo plant restart supports the memorandum of understanding signed by the company to process mineralized material from Hualilan, the filing said.

Challenger Gold shares slid 2% in midday trade Friday.

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