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Auric Mining Ltd. ( (AU:AWJ) ) has issued an update.
Auric Mining has completed mining of the Starter Pit at its Munda Gold Mine and has begun a second toll processing campaign of Munda ore at Black Cat Syndicate’s Lakewood Mill, with processing expected to run for about three weeks. The company anticipates first gold sales in early February and initial cash inflows by late February, and management says the strong gold price and solid Starter Pit results support Munda’s status as a high-quality asset capable of generating near-term cash while underpinning plans for a larger main pit development and Auric’s evolution into a sustainable gold producer.
The most recent analyst rating on (AU:AWJ) stock is a Buy with a A$0.35 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 Ltd is an ASX-listed gold miner focused on developing and producing from its Munda Gold Mine in Western Australia, with a strategy to transition from short-term toll treatment campaigns into a sustainable gold production business.
Average Trading Volume: 459,940
Technical Sentiment Signal: Buy
Current Market Cap: A$58M
Find detailed analytics on AWJ stock on TipRanks’ Stock Analysis page.