Auric’s Munda Gold Sales Signal Growth but Face Market and Operational Risks

Auric Mining’s First Gold Sales Mark a Key Milestone

Auric Mining Limited has announced a significant milestone with the sale of its first gold from the Munda Gold Mine. The company completed two sales totaling 1,790 ounces at an average price of A$6,130 per ounce, generating gross revenue just shy of A$11 million. This achievement comes ahead of schedule and highlights Auric’s ability to swiftly transition from development to production.

The initial ore parcel, approximately 59,000 tonnes, was processed at Black Cat Syndicate’s Lakewood Mill, with the first toll campaign concluding on 2 November 2025. Auric expects to receive its first cash from these sales within the week, underscoring the near-term value creation for shareholders.

Operational Success Sets Up 2026 Ambitions

Managing Director Mark English expressed enthusiasm about the strong start, noting that the buoyant gold market and excellent pricing have positioned Auric well. The company plans to continue processing the remaining 65,000 tonnes of ore in a second campaign early next year, maintaining momentum from the Starter Pit.

Looking ahead, Auric is preparing to commence detailed planning and scoping for the Munda Main Pit in the first quarter of 2026. This next phase represents a major opportunity to expand production and solidify Auric’s ambition to become a sustainable, mid-sized gold producer integrated across the value chain.

Strategic Partnerships and Cost-Effective Processing

The toll treatment arrangement with Black Cat Syndicate provides Auric with a cost-effective pathway to monetise its ore while avoiding the capital intensity of building its own processing facilities. This partnership not only accelerates Auric’s ability to generate revenue but also positions the company for scalable growth as it advances its mining operations.

While the initial results are promising, Auric’s forward-looking statements remind investors of the inherent risks and uncertainties in mining operations and market conditions. Nonetheless, the company’s early success at Munda is a strong signal of its operational capabilities and strategic direction.