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$0.34
â–˛(0.59% Upside)
Action:Upgraded
Date: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
Conservative balance sheet (no debt)
A debt-free capital structure materially reduces refinancing and interest-rate risk and preserves financial optionality. For an exploration/development company this durability supports staged project funding, enables JV/farm-out flexibility, and improves resilience through commodity cycles over the next 2–6 months and beyond.
Negative Factors
Negative and volatile free cash flow
Persistent negative free cash flow reflects capital intensity and ongoing reinvestment needs, limiting surplus cash available for distributions or debt reduction. Over 2–6 months this increases reliance on external funding, heightening dilution or financing risk if exploration or development costs remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (no debt)
A debt-free capital structure materially reduces refinancing and interest-rate risk and preserves financial optionality. For an exploration/development company this durability supports staged project funding, enables JV/farm-out flexibility, and improves resilience through commodity cycles over the next 2–6 months and beyond.
Read all positive factors
Auric Mining Ltd. (AWJ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$57.06M
Dividend YieldN/A
Average Volume (3M)752.21K
Price to Earnings (P/E)2.4
Beta (1Y)0.86
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) value primarily through the mineral exploration and development cycle. Potential money sources include: (1) sale of gold and gold doré if and when any project enters production, with revenue drive...
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
Negative
0.34
Price Trends
0.33
Negative
0.31
Negative
0.27
Positive
Market Momentum
>-0.01
Positive
39.14
Neutral
7.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AWJ, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.33, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 7.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$57.06M | 2.41 | 19.12% | ― | 144.06% | 50.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$227.33M | -11.11 | -20.15% | ― | ― | ― | |
44 Neutral | AU$45.78M | -14.40 | -4.97% | ― | ― | -187.50% | |
43 Neutral | AU$21.85M | -3.74 | -17.36% | ― | ― | -48.72% | |
41 Neutral | AU$76.30M | -9.48 | -62.36% | ― | ― | 7.11% | |
39 Underperform | AU$14.56M | -2.85 | -44.43% | ― | ― | -58.00% |
* Basic Materials Sector Average
AU:AWJ
Auric Mining Ltd.
0.31
0.12
63.16%
AU:SKY
Sky Metals Limited
0.21
0.16
337.50%
AU:MAG
Magmatic Resources Ltd.
0.03
-0.01
-30.00%
AU:KRM
Kingsrose Mining Ltd
0.03
>-0.01
-6.45%
AU:YRL
Yandal Resources Ltd.
0.20
0.06
42.86%
AU:AGC
Australian Gold & Copper Ltd.
0.17
0.01
6.25%
Auric Mining Ltd. Corporate Events
Auric Mining Releases Comprehensive 2025 Annual Report
Apr 29, 2026
Auric Mining Limited has released its 2025 annual report, outlining operational performance, a review of mining activities, and updates on mineral resources and reserves across its tenements. The report includes detailed financial statements, gove...
Auric Mining lifts output at Munda, locks in cash gains from Jeffreys Find
Apr 28, 2026
Auric Mining reported a strong March quarter, with the Munda Starter Pit producing 8,886 ounces of gold, 46% above budget, from 126,054 tonnes processed at 2.46 grams per tonne and 89.5% recovery. Results from the deeper Campaign Two indicate Mund...
Auric Mining Posts Strong Quarterly Cash Inflows on Munda Gold Sales
Apr 28, 2026
Auric Mining Ltd reported a strong cash performance for the quarter ended 31 March 2026, driven by $40.5 million in gold sales from its Munda project and $2.2 million in cash distributions from Jeffreys Find. After operating expenses including pro...
Auric Mining Sets 2026 AGM to Vote on Board Changes, Capital Mandate and Director Fee Hike
Apr 24, 2026
Auric Mining has called its annual general meeting for 28 May 2026 in Perth, where shareholders will receive the 2025 financial statements and vote on several key governance resolutions. The agenda includes an advisory vote on the remuneration rep...
Auric Mining Plans Large Equity-Based Securities Issue for May 2026
Apr 24, 2026
Auric Mining Ltd. has outlined a proposed issue of a substantial number of new securities, including up to 2,207,082 options and multiple tranches of performance rights totalling more than 42 million instruments. The new securities, which form par...
Auric Mining Taps Proven Gold Executive Gareth Solly to Lead Growth Push
Apr 23, 2026
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 Executiv...
Auric Mining Plans Multi-Class Securities Issue to Raise Capital
Apr 22, 2026
Auric Mining Ltd. has lodged an Appendix 3B notice with the ASX outlining a proposed issue of new securities via a placement or similar capital-raising structure. The proposed issuance involves up to five new classes of securities, each with a max...
Auric Mining taps veteran Scott Bailey to lead Burbanks gold plant rebuild
Apr 21, 2026
Auric Mining has appointed experienced processing specialist Scott Bailey as Processing Lead to head the rebuild of the decommissioned Burbanks gold plant, 11 kilometres south of Coolgardie, as part of its push toward self-sufficiency as a fully i...
Auric Mining Retracts Non-Compliant Production Targets from Roadshow
Apr 13, 2026
Auric Mining has issued a retraction and replacement of its recent Singapore roadshow presentation after including figures that could be interpreted as a formal production target. The company had referred to a goal of producing 25,000–30,000...
Auric Mining Maps Path to Integrated Gold Production in Kalgoorlie
Apr 13, 2026
Auric Mining Ltd. has outlined a growth strategy centered on acquiring near-term production gold projects in the Kalgoorlie region to fund its expansion and support the development of an in-house processing facility. The company plans to grow its ...
Auric Mining Sets 2028 Gold Production Target in Kalgoorlie-Focused Growth Plan
Apr 12, 2026
Auric Mining has outlined a growth strategy built around the Kalgoorlie region, where it plans to acquire projects capable of near-term gold production and develop its own processing facility. The company aims to boost gold resources and achieve a...
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...
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.