Aguia Resources Sets 2026 Phosphate Production Target with New CEO
Aguia Resources has appointed Tim Hosking as its new CEO, signaling a strategic push towards phosphate production in Brazil set for early 2026, while addressing operational challenges at its Colombian gold project.
- Tim Hosking appointed CEO following William Howe's resignation
- Hosking instrumental in advancing phosphate operations and securing financing
- First phosphate production targeted for Q1 2026
- Operational and cost improvements underway at Santa Barbara gold project
- CEO incentive package to be finalized within 90 days
Leadership Transition and Strategic Focus
Aguia Resources Limited has announced a significant leadership change with the appointment of Tim Hosking as Chief Executive Officer, effective immediately. This follows the resignation of former Managing Director and CEO William Howe, who also stepped down from the Board. Hosking’s promotion reflects the company’s confidence in his deep regional expertise and hands-on role in advancing Aguia’s key projects.
Driving Phosphate Production in Brazil
Since his appointment as Country Manager in Brazil in early 2024, Hosking has been pivotal in progressing the company’s phosphate operations. His efforts include securing a long-term lease with Grupo Dagoberto Barcelos to manufacture Pampafos phosphate, obtaining favourable financing from a Brazilian development bank, and advancing mine planning at the Tres Estradas project. Multiple offtake agreements have been locked in, positioning Aguia to commence phosphate production in the first quarter of 2026. This product aims to meet growing regional demand and reduce reliance on imports.
Addressing Challenges at the Colombian Gold Project
Hosking will also oversee the Santa Barbara gold project in Colombia, where the company acknowledges underperformance in gold processing despite promising high-grade mineralisation. Operational rigour and cost-cutting measures, including workforce reductions and streamlined processes, are underway to improve recoveries and overall efficiency. The company plans to provide regular updates as it works to unlock the asset’s full potential.
Compensation and Incentives
Hosking’s fixed annual remuneration is set at A$200,000, with the Board negotiating an incentive package tied to production and sales milestones. This package is expected to be finalized and disclosed within 90 days, aligning executive rewards with operational success.
Looking Ahead
With Hosking at the helm, Aguia Resources is positioning itself to capitalise on favourable market conditions for phosphate while tackling operational challenges in gold mining. The company’s strategic focus on building a robust mining and processing business in Brazil, alongside efforts to optimise its Colombian assets, will be closely watched by investors as it approaches its production milestones.
Bottom Line?
Aguia’s leadership change underscores a renewed operational focus, with phosphate production on the horizon and gold project turnaround underway.
Questions in the middle?
- What specific targets and timelines will the CEO incentive package include?
- How quickly can operational improvements at the Santa Barbara gold project translate into better gold recoveries?
- Will Aguia pursue further financing or partnerships to support its phosphate and gold projects?