Auric delivering first cash from Munda
Auric Mining has achieved a key milestone with the sale of its first gold from the Munda gold mine, generating nearly A$11-million in gross revenue.
The company on Wednesday confirmed that two gold sales, totalling 1 790 oz, were completed on October 31 and November 3 at an average price of A$6 130/oz. The gold was produced from the first 59 000 t of ore processed at Black Cat Syndicate’s Lakewood Mill in Kalgoorlie, with one further pour from the initial 60 000 t parcel expected later this month.
“In this buoyant gold market Auric is delighted to confirm the first gold sales from our Munda starter pit,” said MD Mark English. “We are ahead of schedule and thrilled to be delivering our first cash from Munda this week – a great close to the year for Auric.”
The company expects to receive its first cash from the initial sales this week, marking the start of near-term cash flow generation from the project.
A second toll treatment campaign, processing a further 65 000 t of ore, is planned for early 2026 under Auric’s agreement with Black Cat.
With the initial campaign completed, Auric will shift focus to detailed planning and scoping for the Munda main pit, scheduled to start in the first quarter of 2026. The larger pit is expected to underpin an expansion in production as the company advances toward its goal of becoming a sustainable midtier gold producer.