Auric Mining’s Munda Starter Pit Delivers Gold Output 40% Above Budget

Auric Mining Ltd. ( (AU:AWJ) ) has shared an announcement.

Auric Mining has delivered significantly better-than-budgeted production from the Munda Starter Pit, with total output reaching 8,475 ounces of gold from two processing campaigns at the Lakewood Mill, versus a budget of 6,100 ounces. The second campaign alone has produced 5,757 ounces, including a fourth gold outturn of 938 ounces, confirming Munda as a substantial economic gold resource likely to support a larger pit development.

The strong production performance has boosted Auric’s financial position, with A$41.0 million in combined cash, bullion and listed investments as of 7 March 2026 and 4,210 gold ounces and 343 silver ounces held in its metal account at ABC Refinery. Management says these exceptional results, nearly 40% above budget, provide a solid platform to reinvest proceeds to expand and grow the company while retaining flexibility over the timing of gold sales in response to price movements.

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 mining company focused on developing the Munda Gold Mine in Western Australia. The company produces gold through toll treatment arrangements, currently processing ore from the Munda Starter Pit at Black Cat Syndicate’s Lakewood Mill, and manages a portfolio of cash, bullion and listed investments to support growth in its gold operations.

Average Trading Volume: 638,185

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$60.81M

For detailed information about AWJ stock, go to TipRanks’ Stock Analysis page.