IRSA adds up to $4M to mining fund Golden Juniors

IRSA approved an additional contribution of up to $4 million to Golden Juniors Segregated Portfolio, a fund focused on precious metals and the Argentine mining sector. The commercial real estate developer notified Argentina's National Securities Commission (CNV) on Tuesday, September 22. The contribution can be settled in cash or in kind.

This approval builds on a previous authorization of up to $12 million announced on August 29, 2025. Together, the two decisions raise the total approved cap for Golden Juniors to $16 million. As of December 31, 2025, IRSA held a book value of 18,476 million Argentine pesos in the fund. IRSA explained that the deployment aims to diversify its liquidity through emerging domestic sectors.

The transaction qualifies as a related-party deal under CNV rules and Argentina's Capital Markets Law, receiving an unobjected review from IRSA's audit committee. IRSA is chaired by Eduardo Elsztain, who also directly controls the entity managing Golden Juniors' investments and serves as non-executive chairman of Challenger Gold.

Golden Juniors holds assets including a stake in Australia-listed Challenger Gold, which runs the Hualilán gold project in San Juan province. In August 2025, the fund received 93,475,343 Challenger shares at 0.08 Australian dollars each, an injection of nearly $5 million. Challenger reported mineral resources of 2.8 million gold-equivalent ounces, having launched mining operations in December 2025 and ore transport in February 2026.

Separately, IRSA ended fiscal year 2026 with 18 shopping centers covering more than 410,000 square meters of gross leasable area, posting a net profit of 420,977 million Argentine pesos and an adjusted rental EBITDA of 317,725 million Argentine pesos, alongside $230 million in corporate notes issued.