Austral Gold Limited (AU:AGD) has released an update.
Austral Gold Limited, a gold and silver mining company, has announced that its Argentine subsidiary secured a 6-month, AR$1,400 million unsecured related party loan from Banco Hipotecario to repay an existing debt. The loan’s interest rate is tied to the Badlar rate, a key reference in Argentina affected by inflation rates. This financial move aligns with Austral Gold’s strategy to strengthen its portfolio of producing and exploration assets in the Americas.
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