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Auric Mining Ltd. ( (AU:AWJ) ) just unveiled an update.
Auric Mining Limited has successfully completed its first gold pour from the Munda Starter Pit at Lakewood Mill, ahead of schedule. This milestone marks significant progress for the company, with first gold sales expected by late October and initial revenue anticipated by mid-November. The ore treatment agreement with Black Cat Syndicate Ltd allows for the processing of 125,000 tonnes of ore, providing a cost-effective pathway for monetizing the Munda ore and positioning Auric for future growth.
The most recent analyst rating on (AU:AWJ) stock is a Buy with a A$0.39 price target. To see the full list of analyst forecasts on Auric Mining Ltd. stock, see the AU:AWJ Stock Forecast page.
More about Auric Mining Ltd.
Auric Mining Limited operates in the mining industry, focusing on gold production. The company is engaged in the development of the Munda Gold Mine and has a market focus on generating value for shareholders through strategic ore treatment agreements.
Average Trading Volume: 627,559
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$53.06M
Learn more about AWJ stock on TipRanks’ Stock Analysis page.