---
title: AuStar Gold's July Market & Operations Update
description: AuStar Gold Market & Operations Update
---

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# [AuStar Gold's July Market & Operations Update](https://www.barclaypearce.com/blog/austar-gold-market-and-operations-update)

 Written by [Donna Warner](https://www.barclaypearce.com/blog/author/donna-warner) | Aug 13, 2020 3:53:15 AM

| The latest [AuStar Gold](http://www.austargold.com/?utm_campaign=AUL%20Subscribers&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-_uKzGsCYr1JrD-wJSoHLlTxyVB5VbxibxUZcTObjKomcaoAtqFDmB6okfvsKUBZJxZKR24) (AUL) Market & Operations Update is out. Read about their recent activities including the impressive mined grade of ~16.5g/t.   Market Update Highlights - [Find the full announcement here.](https://www.asx.com.au/asxpdf/20200813/pdf/44lg86g83r8pgg.pdf) - Substantial operational free cash flow achieved, delivering positive cash flow at group level. - Provisional reconciliations indicate an impressive mined grade of ~16.5g/t (fully diluted) was maintained for the month. - Concentrate agreement negotiation finalised with maiden shipment concluded - Monthly concentrate sales are expected to contribute to ongoing improvements in group performance (including July). ***Underground diamond drilling operations, 8 Level, Morning Star (11 August, 2020)***     AuStar Gold Chair Philip Amery said: “*July was a pleasing month for the Company with operational improvements realised in the June quarter continuing to drive performance. Robust cost control and a strong effort from all members of the site and corporate team has meant AuStar Gold is now consistently delivering incremental improvement in all areas of its operations.* *Achieving sustained positive cash flow for the month at both operational and group levels is an important milestone – particularly given this was achieved without accounting for the contribution of concentrate revenues. As these revenues are recognised in the Company’s accounts in future periods, I am confident sustained positive cash flow from operations will be demonstrated.* *The team is now firmly focused on growing production revenue from Morning Star, while also ensuring the value of our very significant regional exploration package is unlocked for shareholders.”* Other announcements include: Proposed issue of securities - read the [full announcement here](https://www.asx.com.au/asxpdf/20200813/pdf/44lg80qw2xdh57.pdf). [Prospectus](https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02266170) - [read the full announcement.](https://www.asx.com.au/asxpdf/20200813/pdf/44lg7wxs6xdprx.pdf) |
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