Auric Mining Exceeds Gold Output Budgets as Munda Results Confirm Strong Economics

Auric Mining Ltd. ( (AU:AWJ) ) just unveiled an update.

Auric Mining reported that its 2026 gold production and revenue from the Munda Gold Mine’s second processing campaign have significantly exceeded internal budgets, underscoring the strong economics of the operation. The company produced 4,819 ounces from three gold outturns in Campaign Two, with additional outturns and gold-in-circuit calculations still pending, and now holds A$34 million in cash, bullion and listed investments alongside 3,272 ounces in its metal account.

Management said improving grades and recoveries at Black Cat’s Lakewood Mill, where about 68,500 dry metric tonnes were processed, confirm the Munda Starter Pit as a robustly economic source of ore and support plans for a larger main pit. Leadership framed these results as validation of Auric’s strategy to fast-track quality gold assets near infrastructure, suggesting the Munda Main Pit could replicate the starter pit’s performance and deliver strong returns to shareholders over the mine’s life.

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 mining company listed on the ASX, focused on developing and producing gold resources in Western Australia. The company’s strategy is to accumulate quality, proven gold assets close to existing infrastructure that can be brought into production quickly, including projects such as the Jeffreys Find and Munda gold deposits near established processing facilities.

Average Trading Volume: 526,761

Technical Sentiment Signal: Buy

Current Market Cap: A$51.45M

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