Auric Mining Delivers Strong Cash Haul From Munda Starter Pit

Auric Mining Ltd. ( (AU:AWJ) ) has issued an update.

Auric Mining has completed gold sales from its Munda Starter Pit, delivering 8,886 ounces of gold, which was 46% above its original budget. The bullion from the second mining campaign, processed at Black Cat Syndicate’s Lakewood Mill, achieved an average sale price of A$7,178 per ounce.

After all mining, haulage, processing and related costs, Auric holds net cash and receivables of A$43.5 million before GST, underscoring a highly profitable maiden operation. Strong head grades and recoveries above forecasts support the view that Munda is a larger, higher-grade gold deposit, strengthening Auric’s operational footing and growth prospects for the planned Munda Main Pit.

The most recent analyst rating on (AU:AWJ) stock is a Buy with a A$0.73 price target. To see the full list of analyst forecasts on Auric Mining Ltd. stock, see the AU:AWJ Stock Forecast page.

More about Auric Mining Ltd.

Auric Mining Limited is an Australian gold producer focused on developing its Munda Gold Mine in Western Australia. The company generates value through open-pit mining and toll treatment arrangements, positioning itself as an emerging integrated and sustainable gold producer in the regional gold sector.

Average Trading Volume: 827,759

Technical Sentiment Signal: Buy

Current Market Cap: A$62.68M

Find detailed analytics on AWJ stock on TipRanks’ Stock Analysis page.