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Production / Operations

Austral Gold Executes Mining Service Agreements at Casposo

By The Northwire Desk — AI Analysis Dec 23, 2025 · 18:15 AGLD · 0.16 Austral Gold Limited
AGLD · Price

Executive Summary

  • Austral Gold’s Casposo Argentina Mining Ltd. entered into two material mining service agreements (ADL S.R.L. for drilling & blasting; DP Minería y Servicios S.R.L. for loading & haulage) to support open‑pit operations at the Julieta and Mercado pits.
  • The contracts have an estimated aggregate value of ≈ USD 42 million (plus VAT) over a 36‑month term, with monthly payments and a 5% performance guarantee.
  • Production from Julieta, Mercado and existing stockpiles is expected to drive Casposo’s 2026 guidance of 11,000–13,000 GEOs for the six‑month period when the plant processes only Casposo material; Q4 2025 production remains on track at 4,000–6,000 GEOs with gold recovery >90% and cash costs < US$1,900/oz.

Key Details

  • Agreements Executed:
  • ADL S.R.L. – Provides drilling and blasting services, explosives, tools; complies with safety & environmental standards.

  • DP Minería y Servicios S.R.L. – Handles ore/waste loading, haulage, dump construction, road maintenance.

  • Effective Date: December 2025

  • Duration: 36 months from commencement

  • Estimated Aggregate Contract Value: ~USD 42 million (plus VAT)

  • Payment Terms: Monthly in USD at Banco Nación Argentina (BNA) exchange rate

  • Performance Guarantee: 5% of contract value via surety bond

  • Scope of Services:

  • Drilling & blasting for Julieta and Mercado open pits.

  • Loading, haulage, dump construction, and road maintenance for both pits and existing stockpiles.

  • Production Guidance Impact:

  • Primary ore source for 2026 guidance (11‑13 k GEOs) from Julieta, Mercado & stockpiles.

  • Q4 2025 first‑quarter production on target: 4‑6 k GEOs; gold recovery >90%; cash cost < US$1,900/oz.

  • Reserves Supporting Production:

  • Proven & Probable reserves for Julieta, Mercado and stockpiles contain ≈ 43 kt Au and 1.263 M oz Ag (as per Oct 2025 Technical Report).

  • Termination Clause: Either party may terminate under customary provisions.

  • Safety & Environment: Contractors must adhere to Casposo’s operational procedures and Argentine law.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Technical Study