Auric Mining Ltd. (AU:AWJ) has released an update.
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Auric Mining Ltd. reported gold sales from Jeffreys Find totaling $4,766,000 for the quarter ending June 30, 2024, while incurring significant exploration and evaluation costs. The company experienced a net cash outflow from operating activities but secured $2,644,000 from equity issuances, leading to an overall increase in cash and cash equivalents of $737,000 for the year to date. Investment in tenements, property, and exploration further impacted their cash flow, marking a busy quarter for the mining entity.
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