Austral Gold Limited reported revenue of US$66.6 million for the six months ended June 30, 2026, delivering a net profit after tax of US$15.5 million and a gross profit of US$33.3 million. The financial result marks a turnaround from a net loss in the prior-year period, supported by a significant increase in production following the restart of the Casposo operation alongside Guanaco.

Production for the half year nearly doubled to 11,648 gold equivalent ounces, compared to 5,996 gold equivalent ounces produced in the half year ended June 30, 2025. Commercial production resumed at the 100%-owned Casposo Mine in Argentina in October 2025 following the completion of plant refurbishment, adding a second active operating asset alongside the Guanaco mine in Chile.

The production increase translated into stronger balance sheet liquidity. Cash and cash equivalents rose to US$20.3 million as of June 30, 2026, up from US$10.5 million at December 31, 2025. Total financial debt was reduced to US$22.0 million over the same period, bringing net financial debt down to US$1.7 million and lifting net assets to US$50.6 million.

Subsequent to the close of the half-year reporting period, Austral published an updated NI 43-101 Technical Report for the Guanaco mine in the Antofagasta Region of Chile. The updated study extended the mine life to 14 years and established an after-tax net present value of US$192.1 million, using a 10% discount rate and a gold price assumption of US$3,135 per ounce.

Operational activity at Casposo continues to expand beyond primary mine output. The Casposo plant is scheduled to process ore under quarterly toll campaigns during 2026.

Read the full announcement: Austral Gold Announces Filing of 2026 Half Year Report