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The latest update is out from Auric Mining Ltd. ( (AU:AWJ) ).
Auric Mining has appointed experienced gold executive Gareth Solly as Chief Executive Officer and Executive Director from 18 May 2026, with a planned transition to Managing Director on 1 December 2026, while founder Mark English shifts to Executive and Finance Director. The move, alongside the recent recruitment of Processing Lead Scott Bailey, is designed to fast-track development of the Burbanks Gold Plant and expansion of the Munda Gold Mine, significantly strengthening Auric’s operational capability and signalling its intent to build a major integrated gold business in the Kalgoorlie region.
Solly brings a strong track record in Western Australian gold mining, having led Black Cat Syndicate’s transformation from a small exploration float into a 100,000oz-per-annum multi-asset producer with a sizeable resource base and successful refurbishment of processing operations. His technical, operational and capital markets experience, particularly in bringing projects from exploration to production and executing value-accretive acquisitions and plant refurbishments, directly supports Auric’s growth ambitions and provides greater confidence for stakeholders in the company’s transition to producer status.
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 Ltd. is an Australian gold-focused mining company listed on the ASX and operating primarily in Western Australia. The company is advancing its Munda Gold Mine and Burbanks Gold Plant projects in the Kalgoorlie region, with a strategy to develop its own processing capacity and emerge as a self-sufficient, mid-tier gold producer.
Average Trading Volume: 843,360
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.93M
Learn more about AWJ stock on TipRanks’ Stock Analysis page.