Austral Gold Limited
(ASX:AGD) has announced record gold production for the fiscal quarter ending 31 December 2016.
The precious metals miner says it produced 25% more gold at its Northern Chile mine, compared to the previous quarter.
Austral Gold says, results for the quarter exceeded the miners expectations across a number of fronts
Not only did production strengthen, but its cash costs and all-in-sustaining costs decreased, largely thanks to higher gold grades.
The company also completed a very successful infill drill program near its northern Chile mine and identified two new high grade gold shoots.
Austral Gold Limited
(ASX:AGD) reported a net profit of $24.08 at 30 June 2016.
