Join our daily newsletter At The Bell to receive exclusive market insights
Auric Mining (ASX:AWJ) has confirmed its successful delivery of the first gold to the Perth Mint from its operations in 2024.
This comes on the back of just over 30Kt of ore being pushed through the JV-led mill at Coolgardie, resulting in a total of 6 crude bars at 64.68kg delivered.
Auric teams up with privately held Kalgoorlie-based BML Ventures on-site the Jefferys Find gold mine.
Auric described its first gold sales as “imminent” though noted guidance around how much production to expect was still forthcoming.
Management, however, pointed to “millions of dollars in gross revenue.”
“It looks good and will create millions of dollars in gross revenue for our joint venture,” Auric chief Mark English said.
“The next processing campaigns at the mill are scheduled for July and August 2024.
“Jeffreys will be a substantial cash producer to Auric throughout 2024 and 2025.”
Gold jumped 1% overnight as Middle East tensions re-flared; gold was sitting around US$2.3K/oz at 9.45am AEST.
AWJ last traded at 16cps.
