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Austral Gold starts mining at Argentina’s Casposo site, targeting 2026 gold output of 11,000–13,000 ounces.
Austral Gold has begun mining development at its Casposo site in Argentina, signing agreements with local contractors for drilling, blasting, loading, and haulage at the Julieta and Mercado open pits and existing stockpiles.
The work supports expected 2026 production of 11,000–13,000 gold equivalent ounces, with first-quarter output of 4,000–6,000 GEOs on track.
The contracts, valued at about $42 million plus VAT, include safety and environmental compliance requirements and a 5% performance bond.
Ore from the pits and stockpiles will feed the mine, with reserves totaling 43,000 gold and 1.263 million silver ounces.
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Austral Gold comienza la minería en el yacimiento argentino de Casposo, con el objetivo de obtener en 2026 una producción de oro de 11.000-13.000 onzas.