Australia's Austral Gold gains after commissioning Chile project

Austral Gold

20/07/2023 04:59

** Shares of Austral Gold  AGD.AX  jump as much as 14.3% to
A$0.040, marking their biggest intraday pct jump since July 13 
    ** Gold miner says construction at Heap Reprocessing project
in Antofagasta, Chile completed
    ** Adds, commissioning started and expects production from
project to start in last week of July 
    ** AGD expects project to contribute 7,000-9,000 gold
equivalent ounces (GEOs) to overall output for rest of 2023 
    ** Reiterates FY23 production forecast of 34,000-38,000 GEOs
    ** Thursday's gains cut stock's YTD losses to 2.6%
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))