Auric Mining Ltd. has made its first sale of gold from its Munda gold mine.
The two inaugural gold pours totalled 1,790 ounces of gold, with the first 980 ounces of sold at AU$6,138 an ounce and a second 810 ounces sold at AU$6,118 an ounce for an average of AU$6,130 an ounce.
The total gross revenue is just below AU$11 million. The company expects one further pour from this initial ore parcel.
Managing Director, Mark English, said: “Two sales of 980 ounces and 810 ounces at an average of A$6,130 an ounce is an excellent outcome for us and an exceptional start to production.”
“With Munda continuing to perform well, this also sets the tone for an excellent start to 2026. We couldn’t be happier with how things are progressing. It’s another big step for the company, as well as a pivotal milestone in the overall development of our Munda Gold Mine.”
The company plans to start a second processing campaign in 2026 to deal with its 65,000-tonne contract with Black Cat Syndicate Ltd.
The arrangement with Black Cat is a cost-effective way to monetise the Munda mine and positions Auric for long-term growth.
Auric will begin detailed planning and scoping for the main pit at Munda, with work set to begin in the first quarter of 2026.
The main pit is a major opportunity for the company to expand production and reinforce the company’s goal of becoming a sustainable mid-sized gold producer.
