Auric gold strategy rings till with $46m in war chest
Auric Mining has built a A$46 million war chest after its Munda gold mine outperformed budget by 46%, producing 8,886 ounces of gold in the March quarter. The strong financial position follows record revenues, a profitable Jeffreys Find joint venture exit, and successful toll treatment at Black Cat Syndicate’s mill. With no debt and full exposure to rising gold prices, Auric is advancing plans to refurbish its Burbanks processing plant and expand the Munda Main Pit. The company is transitioning from explorer to integrated gold producer in Western Australia.
- ▪Auric Mining generated A$46 million in cash and receivables after producing 8,886 ounces of gold from its Munda Starter Pit, 46% above budget.
- ▪The Munda mine processed 126,054 tonnes at an average grade of 2.46g/t gold with an 89.5% recovery rate, selling gold at A$7,178 per ounce.
- ▪Auric received a final A$2.2 million distribution from Jeffreys Find, achieving a total return of A$16.5 million from a A$1.2 million investment.
- ▪The company reported A$5.2 million net profit after tax and A$6.5 million in free cash flow for FY2025, ending debt-free and unhedged.
- ▪Auric is progressing refurbishment of its 100% owned Burbanks mill and reassessing the Munda Main Pit for potential expansion based on stronger-than-expected Starter Pit results.
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