Austral Gold Limited reported results from its activities during its first quarter ended 31 March 2018. Quarterly production (100% of the Casposo, Guanaco and Amancaya mines) was 14,258 gold ounces and 486,591 silver ounces (20,367 gold equivalent ounces) or 13,462 gold ounces and 370,583 silver ounces (18,122 gold equivalent ounces) net to Austral. Sales proceeds for the quarter were $30.2 million of which the Guanaco/Amancaya mine contributed $17.4 million and the Casposo mine $12.8 million.

The combined production target for calendar year 2018 remains on target at 92,000 AuEq oz net to Austral or 105,000 AuEq oz (100% basis).