tiprankstipranks
Trending News
More News >

Ausgold’s Katanning Gold Project Shows Promising Feasibility Study Results

Story Highlights
  • Ausgold Limited focuses on developing open pit gold mines in Western Australia.
  • The Katanning Gold Project promises strong production and financial returns, with a quick payback period.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ausgold’s Katanning Gold Project Shows Promising Feasibility Study Results

Don’t Miss TipRanks’ Half-Year Sale

Ausgold Limited ( (AU:AUC) ) has provided an announcement.

Ausgold Limited has completed a Definitive Feasibility Study for its Katanning Gold Project, indicating strong gold production and financial returns over a ten-year mine life. The study highlights an average annual production of 140,000 ounces in the first four years and a total of 1.14 million ounces over the mine’s life. With a post-tax cashflow of A$1.37 billion and an internal rate of return of 53%, the project promises a swift payback period of 13 months. The study positions the project as development-ready, with Ausgold now focusing on engineering, financing, and permitting to advance the project.

The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.

More about Ausgold Limited

Ausgold Limited is a company operating in the gold mining industry, focusing on developing substantial open pit gold mines. Its primary project is the Katanning Gold Project in Western Australia, aimed at becoming a mid-tier gold producer.

YTD Price Performance: 82.14%

Average Trading Volume: 737,060

Technical Sentiment Signal: Buy

Current Market Cap: A$273.4M

See more data about AUC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1