Loading metal prices...

Austral Gold Obtains US$7M Secured Loan for Casposo Plant

1 min reading
Austral Gold Obtains US$7M Secured Loan for Casposo Plant
Austral Gold Obtains US$7M Secured Loan for Casposo Plant
Share:

Established gold producer Austral Gold Limited announced that Casposo Argentina Ltd – Sucursal Argentina (Casposo), a branch of the Company’s subsidiary Casposo Argentina Mining Ltd., obtained a US$7 million secured loan from Banco San Juan S.A., located in Argentina.

Casposo plans to use the proceeds to refurbish the Casposo Plant to support the recently announced Binding Memorandum of Understanding with ASX-listed Challenger Gold to process mineralised material from Challenger’s Hualilan Project.

Use of proceeds: Capital Expenditures and Working Capital required to refurbish the Casposo Plant

Published by: Panorama Minero

Category: News

Follow us on Google News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: From Gold to Growth: Barrick Mining Corporation Sets Course for Copper

From Gold to Growth: Barrick Mining Corporation Sets Course for Copper

The historic Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation, reflecting more accurately its corporate strategy of sustained growth in both gold and copper. The decision was approved today by majority vote at the company’s Annual and Special Meeting of Shareholders. In French, the name changes from Société aurifère Barrick to Société minière Barrick.

Illustrative image for the article: AOMA Secures 8% Salary Hike for Argentina’s Extractive Mining Workforce

AOMA Secures 8% Salary Hike for Argentina’s Extractive Mining Workforce

The Argentine Mining Workers’ Union (AOMA) has reached a new wage agreement with the Argentine Chamber of Mining Companies (CAEM), establishing a cumulative 8% increase in base salaries for the extractive segment. The adjustment will be applied in two stages: 4% in March and 4% in April.

Battery Metal Volatility and Its Strategic Impact on Mining

Battery Metal Volatility and Its Strategic Impact on Mining

Amid a climate of pronounced volatility in key energy transition metals, the latest reports from S&P Global Platts present mixed signals for lithium, cobalt, and recyclable materials such as black mass. These market fluctuations are directly affecting ongoing projects in Argentina — a critical player in the global lithium supply chain.

Arminera 2025 Unveils Its Agenda: Innovation, Knowledge, and a Boost for Investment

Arminera 2025 Unveils Its Agenda: Innovation, Knowledge, and a Boost for Investment

Less than a month before its opening, Arminera 2025 has revealed an ambitious activity agenda, consolidating its role as Argentina’s most important mining event. Organized by the Argentine Chamber of Mining Companies (CAEM) and Messe Frankfurt Argentina, it will take place May 20–22 at La Rural Trade Center in Buenos Aires, bringing together key industry leaders, with participation from provinces, producing countries, and global stakeholders.