Auric Reports Gold Discovery in Kalgoorlie

Auric Mining has commenced the year positively with its Munda gold mine in Western Australia, achieving its first pour from a second toll-treatment campaign, yielding 1,147 ounces of gold valued at $8 million. The company is set for at least three more gold pours this month, anticipating a total haul of approximately 6,400 ounces, leading to over $45 million in revenue, far exceeding earlier projections. As gold prices remain high, Auric expects significant cash inflow and profit, with net cash potentially nearing $28 million. The ongoing success of the starter pit reinforces confidence in scaling up operations for the main pit, highlighting Auric’s progress as a junior miner in a buoyant market.

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