Auric Mining Ltd. (AU:AWJ)
ASX:AWJ
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Auric Mining Ltd.
(Sydney:AWJ)
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Rating:74Outperform
Price Target:
AU$0.40
▲(17.06% Upside)
Action:UpgradedDate:04/09/26
The score is driven primarily by improved fundamentals and a conservative, debt-free balance sheet, partially tempered by negative and volatile free cash flow. Technicals are supportive with an established uptrend and moderate momentum, and valuation is helped by a low P/E, though no dividend data is available.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk and preserves strategic optionality. Over the medium term this structural strength supports funding exploration, farm-outs or development without immediate pressure to access costly debt, enhancing resilience across commodity cycles.
Negative Factors
Negative free cash flow
Persistent negative free cash flow reflects significant ongoing reinvestment and capital intensity tied to exploration and development. Over time this constrains returns to shareholders and forces reliance on external equity, JV funding or asset sales, which can dilute value and increase execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk and preserves strategic optionality. Over the medium term this structural strength supports funding exploration, farm-outs or development without immediate pressure to access costly debt, enhancing resilience across commodity cycles.
Read all positive factors
Auric Mining Ltd. (AWJ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.87M
Dividend YieldN/A
Average Volume (3M)752.21K
Price to Earnings (P/E)8.7
Beta (1Y)0.85
Revenue Growth144.06%
EPS Growth50.82%
CountryAU
Employees11
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 Ratio0.15
Price to Book (P/B)1.51
Price to Sales (P/S)2.22
P/FCF Ratio-23.79
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 Upside114.71% 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 (or seeks to generate) earnings primarily through the discovery, development, and commercialization of gold resources on its Western Australian tenements. Potential revenue streams include: (1) gold sales from mining op...
Auric Mining Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.28M | 8.31M | 4.77M | 0.00 | 0.00 |
| Gross Profit | 6.45M | 8.31M | 4.77M | -37.06K | -16.93K |
| EBITDA | 5.13M | 5.65M | 2.09M | -1.07M | -1.09M |
| Net Income | 5.17M | 2.69M | 1.31M | -1.11M | -1.10M |
Balance Sheet | |||||
| Total Assets | 34.77M | 21.62M | 13.31M | 11.01M | 9.37M |
| Cash, Cash Equivalents and Short-Term Investments | 6.50M | 3.89M | 4.49M | 2.02M | 545.01K |
| Total Debt | 0.00 | 0.00 | 93.72K | 116.13K | 136.79K |
| Total Liabilities | 5.03M | 3.68M | 1.38M | 441.73K | 323.49K |
| Stockholders Equity | 29.75M | 17.94M | 11.93M | 10.57M | 9.05M |
Cash Flow | |||||
| Free Cash Flow | -1.89M | -3.14M | 2.59M | -3.14M | -4.23M |
| Operating Cash Flow | 5.58M | 1.00M | 4.22M | -1.06M | -1.40M |
| Investing Cash Flow | -8.29M | -3.23M | -2.52M | -1.26M | -4.86M |
| Financing Cash Flow | 6.38M | 2.58M | -24.27K | 2.59M | 6.63M |
Auric Mining Ltd. Technical Analysis
Neutral
0.34
Price Trends
0.32
Positive
0.30
Positive
0.26
Positive
Market Momentum
<0.01
Positive
47.47
Neutral
32.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AWJ, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.32, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.47 is Neutral, neither overbought nor oversold. The STOCH value of 32.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$59.87M | 8.70 | 19.12% | ― | 144.06% | 50.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$197.68M | -11.11 | -20.15% | ― | ― | ― | |
44 Neutral | AU$43.08M | -14.40 | -4.97% | ― | ― | -187.50% | |
43 Neutral | AU$23.36M | -3.74 | -17.36% | ― | ― | -48.72% | |
42 Neutral | AU$15.57M | -2.85 | -44.43% | ― | ― | -58.00% | |
41 Neutral | AU$80.12M | -9.48 | -62.36% | ― | ― | 7.11% |
* Basic Materials Sector Average
AU:AWJ
Auric Mining Ltd.
0.33
0.07
26.92%
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Magmatic Resources Ltd.
0.03
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-25.00%
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AU:AGC
Australian Gold & Copper Ltd.
0.17
0.03
17.24%
Auric Mining Ltd. Corporate Events
Auric Mining Sets 2026 AGM Date and Director Nomination Deadline
Apr 1, 2026
Auric Mining has scheduled its next Annual General Meeting for 28 May 2026, confirming it will provide shareholders with a formal notice of meeting and make the documentation available on its website. The company has also set 15 April 2026 as the ...
Auric Mining hires processing lead to drive Burbanks Mill development
Apr 1, 2026
Auric Mining has appointed experienced gold processing specialist Scott Bailey as Processing Lead to oversee the development and construction of its Burbanks Processing Facility at Coolgardie. Bailey, who built his career in Western Australia̵...
Auric Mining Profit Surges as Munda Ramp-Up Seals Shift to Gold Producer
Mar 30, 2026
Auric Mining Ltd reported a 92% jump in net profit after tax to $5.2 million for the year to 31 December 2025, on revenue up 144% to $20.6 million and free cash flow more than doubling to $6.5 million. The company’s balance sheet strengthene...
Auric Mining Delivers Strong Cash Haul From Munda Starter Pit
Mar 23, 2026
Auric Mining has completed gold sales from its Munda Starter Pit, delivering 8,886 ounces of gold, which was 46% above its original budget. The bullion from the second mining campaign, processed at Black Cat Syndicate’s Lakewood Mill, achiev...
Auric Mining banks $16.5m from Jeffreys Find as maiden gold mine wraps up
Mar 11, 2026
Auric Mining Ltd. has cemented its transition from explorer to gold producer after concluding its maiden mining venture at the Jeffreys Find Gold Mine near Norseman in Western Australia. The company participates in the project through a 50:50 join...
Auric Mining’s Munda Starter Pit Delivers Gold Output 40% Above Budget
Mar 8, 2026
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 ca...
Auric Mining Exceeds Gold Output Budgets as Munda Results Confirm Strong Economics
Feb 26, 2026
Auric Mining reported that its 2026 gold production and revenue from the Munda Gold Mine’s second processing campaign have significantly exceeded internal budgets, underscoring the strong economics of the operation. The company produced 4,81...
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...
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.