Austral Gold (ASX:AGD) has announced the retirement of its chair, Wayne Hubert, effective after the company's Annual General Meeting on 30 May 2023.

The board has resolved to appoint vice-chair Eduardo Elsztain as non-executive chair, subject to his re-election at the meeting.

Austral Gold is a growing gold and silver explorer and established mining producer with a portfolio of high-quality assets in the Americas.

Its share price is up almost 6% this afternoon.