Auric Mining (ASX:AWJ) reports a $28 million profit before tax for the half‑year ended 30 June 2026, driven by strong gold production from its Munda gold mine in Western Australia.
The company produced 6,168 ounces of gold from toll milling campaigns at Munda, contributing to total starter pit production of 8,886 ounces at an average all-in sustaining cost of $2,857 per ounce. Total revenue reached $44.8 million with net operating cash flow of $33.8 million.
“Our $28 million net profit before tax is an excellent half year financial result. This reflects disciplined capital management and execution as well as the strength of our Munda gold mine which produced 6,168 ounces,” Managing Director Mark English says.
The company’s financial position strengthened significantly, with current assets increasing 170% to $39.3 million and total assets rising 78% to $61.9 million. Cash and cash equivalents reached $38 million, including $34 million in term deposits.
“Record revenue of $44.8 million and outstanding net operating cash flow of $33.8 million demonstrate Munda’s continued performance as a cash-generating gold mine,” English adds.
The results mark Auric’s continued transition from explorer to gold producer. The company completed campaign one at Munda during the reporting period and received approximately $44 million from gold sales, which was applied towards working capital.
Mining activities at the Jeffreys Find gold mine have been completed, with BML Ventures handing operational activities back to Auric. The company received a further $2.2 million as its profit share.
Auric continued development work on the Burbanks processing facility during the half‑year, engaging technical consultants to prepare development and construction plans.
The company also progressed the proposed acquisition of the Lindsays Gold Project. Conditions precedent to completion, including the resolution of two forfeiture applications, remain outstanding.
Auric granted 8.7 million options and 33.5 million performance rights to directors and employees during the period, with vesting conditions tied to production milestones.
The company faces ongoing litigation from Estrella Resources (ASX:ESR) regarding lithium royalty claims over the Munda tenement. Auric says the proceedings do not affect gold mining operations and notes it does not own lithium rights at Munda.
“With a strong balance sheet, an increasing production profile, and exposure to a favourable gold price environment, Auric is well positioned to pursue continued growth throughout the foreseeable future,” English says.
Auric Mining is an Australian gold producer advancing an integrated hub-and-spoke strategy centred on the Munda gold deposit and the redevelopment of the Burbanks processing facility near Coolgardie.
Write to JC Villarba at Mining.com.au
Images: Auric Mining
