Austral Gold Unit Signs Mining Service Agreements for Argentina Mine Activities; Shares Down 6%

MT Newswires Live

2025/12/24

Austral Gold (ASX:AGD) said the Argentine branch of its Casposo Argentina Mining subsidiary signed two mining service agreements worth $42 million for planned mining development activities at the Casposo mine, according to a Wednesday filing with the Australian bourse.

The agreements include drilling and blasting operations for the Julieta and Mercado open pits, along with loading and haulage services applicable to both open pits and current stockpiles, the filing said.

Shares fell 6% in afternoon trade on Wednesday.

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