Aguia hits Colombia gold record and breaks even - SMH.com.au

AI desk brief

Aguia Resources reported record September production at its Santa Barbara gold project in Colombia, producing 36.75 oz from 105 dry tonnes at an average grade of 10.88 g/t and generating A$218,000 gross revenue. Management said the month covered local operating and overhead costs for the first time, with revenue calculated at a gold price of US$4,135/oz and gold trading near US$4,100/oz.

The company is now aiming to lift output from about 100 tonnes a month to more than 200 tonnes before Q1 2027, while continuing underground development on three shafts below Veins No. 1 and No. 2. Payable silver of 2,124 g was also recovered in September, and the firm cut workforce by 15% after reaching breakeven.