Auric Mining Ltd. (AU:AWJ)
ASX:AWJ
Top Page
Auric Mining Ltd.
(Sydney:AWJ)
Select Model
Select Model
Rating:65Neutral
Price Target:
AU$0.31
▼(-4.38% Downside)
Action:DowngradedDate:02/03/26
The score is driven primarily by improving profitability and a conservative, zero-debt balance sheet, offset by weak 2024 cash flow conversion and negative free cash flow. Technicals are modestly supportive, while valuation is only fair given the P/E and no dividend.
Positive Factors
Conservative balance sheet
Zero net debt and a larger equity base materially reduce refinancing and solvency risk in a cyclical mining sector. Improved ROE (~15%) shows more effective capital deployment. A conservative balance sheet preserves optionality to fund exploration or JV work without urgent external financing.
Negative Factors
Weak cash generation
Operating cash flow declined sharply and free cash flow turned negative in 2024, with OCF covering only around half of net income. Persistent weak cash conversion increases execution and funding risk when advancing projects, potentially necessitating dilutive equity or costly external financing for development.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero net debt and a larger equity base materially reduce refinancing and solvency risk in a cyclical mining sector. Improved ROE (~15%) shows more effective capital deployment. A conservative balance sheet preserves optionality to fund exploration or JV work without urgent external financing.
Read all positive factors
Auric Mining Ltd. (AWJ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$60.81M
Dividend YieldN/A
Average Volume (3M)752.21K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth-6.77%
EPS Growth-18.18%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.03
Shares Outstanding187,093,600
10 Day Avg. Volume892,473
30 Day Avg. Volume752,212
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)2.58
Price to Sales (P/S)5.57
P/FCF Ratio-14.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.73Price Target Upside128.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Auric Mining Ltd. Business Overview & Revenue Model
Company Description
Auric Mining Limited engages in the exploration and development of gold projects. It holds 100% interests in the Munda gold project, Spargoville project, and Jeffreys Find gold project comprising 16 granted tenements, including 6 mining leases and...
How the Company Makes Money
Auric Mining Ltd. generates revenue primarily through the exploration, extraction, and sale of gold and other precious metals. The company identifies promising mining sites, conducts extensive exploration to assess the viability and scale of miner...
Auric Mining Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.41M | 8.31M | 4.77M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 5.03M | 8.31M | 4.77M | -37.06K | -16.93K | -388.00 |
| EBITDA | 3.84M | 5.65M | 2.09M | -1.07M | -1.09M | -750.48K |
| Net Income | 2.10M | 2.69M | 1.31M | -1.11M | -1.10M | -750.87K |
Balance Sheet | ||||||
| Total Assets | 26.39M | 21.62M | 13.31M | 11.01M | 9.37M | 4.08M |
| Cash, Cash Equivalents and Short-Term Investments | 8.75M | 3.89M | 4.49M | 2.02M | 545.01K | 176.42K |
| Total Debt | 0.00 | 0.00 | 93.72K | 116.13K | 136.79K | 60.50K |
| Total Liabilities | 2.05M | 3.68M | 1.38M | 441.73K | 323.49K | 1.40M |
| Stockholders Equity | 24.34M | 17.94M | 11.93M | 10.57M | 9.05M | 2.68M |
Cash Flow | ||||||
| Free Cash Flow | -1.29M | -3.14M | 2.59M | -3.14M | -4.23M | -2.41M |
| Operating Cash Flow | 5.68M | 1.00M | 4.22M | -1.06M | -1.40M | -352.71K |
| Investing Cash Flow | -4.17M | -3.23M | -2.52M | -1.26M | -4.86M | -2.05M |
| Financing Cash Flow | 6.41M | 2.58M | -24.27K | 2.59M | 6.63M | 2.58M |
Auric Mining Ltd. Technical Analysis
Positive
0.32
Price Trends
0.31
Positive
0.29
Positive
0.25
Positive
Market Momentum
<0.01
Positive
49.05
Neutral
71.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AWJ, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.31, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.05 is Neutral, neither overbought nor oversold. The STOCH value of 71.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AWJ.
Auric Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$60.81M | -42.37 | 10.47% | ― | -6.77% | -18.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$133.43M | -11.11 | -20.15% | ― | ― | ― | |
44 Neutral | AU$25.62M | -3.74 | -17.36% | ― | ― | -48.72% | |
44 Neutral | AU$48.47M | -14.40 | -4.97% | ― | ― | 6.52% | |
43 Neutral | AU$16.57M | -2.85 | -44.43% | ― | ― | 47.47% | |
41 Neutral | AU$78.21M | -9.48 | -62.36% | ― | ― | -13.52% |
* Basic Materials Sector Average
AU:AWJ
Auric Mining Ltd.
0.33
0.07
25.00%
AU:SKY
Sky Metals Limited
0.14
0.10
237.50%
AU:MAG
Magmatic Resources Ltd.
0.03
>-0.01
-17.50%
AU:KRM
Kingsrose Mining Ltd
0.03
<0.01
6.25%
AU:YRL
Yandal Resources Ltd.
0.21
0.08
70.83%
AU:AGC
Australian Gold & Copper Ltd.
0.18
0.04
24.14%
Auric Mining Ltd. Corporate Events
Auric Mining Boosts Cash Position on Strong Munda Output and Jeffreys Find Wind-Down
Jan 27, 2026
Auric Mining reported a strong December quarter with the first production campaign at its Munda Gold Mine delivering 2,718 ounces of gold, generating A$16.85 million in gross sales and A$10.82 million in net cash after milling, haulage and royalti...
Auric Mining Posts Strong Cash Inflows from Gold Sales While Accelerating Exploration Spend
Jan 27, 2026
Auric Mining Ltd reported strong operating cash inflows of A$16.7 million for the quarter ended 31 December 2025, driven primarily by A$16.9 million in gold sales from its Munda operation, contributing to A$21.1 million in net operating cash flow ...
Auric Mining Starts Second Munda Processing Campaign as Starter Pit Mining Concludes
Jan 27, 2026
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 compa...
Auric Mining Advances Munda Gold Mine Toward Near-Term Cashflow
Jan 13, 2026
Auric Mining has resumed mining at its Munda Gold Mine and built up approximately 67,000 tonnes of high-grade ore on its run-of-mine stockpiles as of 31 December 2025. The company has started hauling ore to Black Cat Syndicate’s Lakewood Mil...
Auric Mining Ltd Announces Change in Director’s Interest in Securities
Dec 18, 2025
Auric Mining Ltd has announced a change in the director’s interest in securities, specifically involving an off-market transfer of shares between entities controlled by Director Mark Anthony English. This adjustment in holdings reflects inte...
Auric Mining director exercises 112,500 options, modestly increases stake
Dec 17, 2025
Auric Mining Ltd operates in the mining sector, concentrating on mineral exploration and resource development as an ASX‑listed company. The company reported a director’s securities movement: director Mark Anthony English exercised 112,...
Auric Mining Issues New Shares Following Option Exercise
Dec 17, 2025
Auric Mining Limited has issued 112,500 fully paid ordinary shares following the exercise of unquoted options, as per the announcement on 15 December 2025. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001...
Auric Mining Ltd. Announces Quotation of New Securities
Dec 17, 2025
Auric Mining Ltd. has announced the issuance of 112,500 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AWJ. This move is part of the company’s strategy to leverage convertible ...
Auric Mining Ltd. Announces Proposed Securities Issue
Dec 15, 2025
Auric Mining Ltd. has announced a proposed issue of 112,500 fully paid ordinary securities, with the issuance date set for December 17, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s market...
Auric Mining Ltd. Sets Sights on Kalgoorlie Gold Expansion
Nov 24, 2025
Auric Mining Ltd. has announced a strategic focus on the Kalgoorlie region, aiming to become a leading gold producer and explorer. The company plans to acquire projects with near-term production capabilities, build processing capacity, and expand ...
Auric Mining Expands Portfolio with Key Tenement Acquisition
Nov 19, 2025
Auric Mining Limited has executed a Tenement Sale Agreement with Top Global Mining Pty Ltd for the acquisition of four key tenements at Lindsay’s Gold Project, located northeast of Kalgoorlie. This strategic acquisition is expected to signif...
Auric Mining Reports Strong Revenue from Munda Gold Mine
Nov 18, 2025
Auric Mining Limited has reported significant financial success from its Munda Gold Mine, generating $14.6 million in gold sales and $8.8 million in net revenue after costs. The company has produced 2,355 ounces of gold from three pours and plans ...
Auric Mining Reports Strong Revenue from Munda Gold Mine
Nov 17, 2025
Auric Mining Limited has reported significant financial success from its Munda Gold Mine, with $14.6 million in gold sales and $8.8 million in net revenue after milling fees. The company has produced 2,355 ounces of gold from three pours and plans...
Auric Mining Achieves First Gold Sales from Munda Gold Mine
Nov 4, 2025
Auric Mining Limited has successfully sold its first gold from the Munda Gold Mine, totaling 1,790 ounces at an average price of A$6,130 per ounce, generating nearly A$11 million in revenue. This milestone marks a significant step in the company&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.