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Austral Gold Secures $1.3M Related Party Loan to Refinance Debt

2:33pm on Tuesday 19th of August, 2025 AEST Mining
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Austral Gold Secures $1.3M Related Party Loan to Refinance Debt

2:33pm on Tuesday 19th of August, 2025 AEST
Key Points
  • US$1.3 million unsecured related party loan secured
  • Loan refinances previous AR$1,600 million debt due August 2025
  • 12-month term with 11% interest and monthly repayments starting after 120 days
  • Loan provided by Banco Hipotecario, linked to largest shareholder Eduardo Elsztain
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