Auric Mining’s First 2026 Gold Outturn Hits 1,147 Ounces at Munda Starter Pit
Auric Mining has reported its initial gold outturn of 1,147 ounces from the Munda Starter Pit, marking a promising start to its 2026 production campaign with gold valued at over $8 million.
- First 2026 gold outturn of 1,147 ounces completed
- Gold valued at approximately $8.15 million at current prices
- Processing underway for second 65,000 tonne parcel with further pours expected
- New metal account established at ABC Refinery to optimise sales timing
- Insights from Starter Pit to inform planning for larger Munda Main Pit
A Strong Start to 2026 Production
Auric Mining Limited (ASX, AWJ) has announced a significant milestone with the first gold outturn from its 2026 Campaign Two at the Munda Starter Pit. The company poured gold on 3 February 2026, with the initial outturn of 1,147 ounces completed by 10 February. Valued at around $8.15 million based on current gold prices, this early production underscores Auric’s ability to generate near-term value for shareholders.
Partnership and Processing Efficiency
The gold was processed at Black Cat Syndicate Ltd’s Lakewood Mill, a partnership that Auric describes as a highly cost-effective pathway to monetise its ore. Since milling began in October 2025, Auric has processed two parcels totalling 125,000 tonnes, with the second 65,000 tonne parcel expected to complete processing around 17 February. This will lead to at least two more gold pours before finalising gold inventory calculations.
Strategic Sales Management
In a move to better control revenue timing, Auric is establishing a metal account with ABC Refinery. This account will allow the company to manage gold sales strategically in response to price fluctuations, a prudent approach given the volatility of the gold market. Managing Director Mark English emphasised the importance of this step in maximising shareholder returns.
Looking Ahead, From Starter Pit to Main Pit
The Starter Pit campaign is not only delivering immediate cash flow but also providing valuable data on the Munda orebody. These insights into resource estimation, mining techniques, and processing efficiencies will inform detailed planning and scoping for the larger Munda Main Pit. Auric views this as a major opportunity to expand production and advance its ambition to become an integrated, sustainable gold producer.
Market Implications and Investor Confidence
This initial outturn and ongoing processing progress signal Auric’s growing operational maturity and capacity to deliver on its production targets. The company’s ability to manage sales timing and maintain cost-effective ore treatment arrangements positions it well amid a buoyant gold market. Investors will be watching closely as subsequent pours and outturns provide further clarity on grade improvements and recovery rates.
Bottom Line?
Auric’s early 2026 gold production sets a solid foundation, but the market will await further pours and Main Pit plans to gauge its growth trajectory.
Questions in the middle?
- How will gold grades and recoveries evolve across the remaining Campaign Two pours?
- What timeline and capital requirements will the Munda Main Pit development entail?
- How will Auric’s metal account strategy impact revenue volatility amid fluctuating gold prices?
