Auric Mining Ltd. has announced it will bank AU$8.8 million in net revenue from the sale of gold from the first three pours at its Munda starter pit in New South Wales.
The company has generated gross revenue to date of AU$14.6 million after 2,355 ounces were produced and sold at an average of AU$6,200 per ounce.
Auric Managing Director Mark English said: “The ongoing buoyant gold market is working hugely in our favour as we continue selling the gold from our Munda Starter Pit.
“It’s a huge close to the year for Auric. Adding in the next stage 65,000 tonne parcel already booked for processing at the Lakewood Mill in early 2026 will set the platform
for another excellent year.”
Auric said the combined sale of gold across three pours demonstrates an ability to generate near-term value for shareholders from the Munda gold mine.
The ore processing arrangement with Black Cat represents a cost-effective pathway to monetise the Munda starter pit ore while positioning the company for long-term growth.
The company is expected to finalise gold in circuit calculation by the end of November, including ounces and revenues from the first campaign.
The next processing campaign is expected to start in mid-January 2026 to deal with the 65,000-tonne contract balance.
Auric will commence detailed planning and scoping for the Munda main pit, with work scheduled to begin in the first quarter of 2026.
The main pit represents a major opportunity to expand production and bolster Auric’s ambition to build into a sustainable, mid-sized gold producer.
