Auric Mining (ASX:AWJ) has completed all gold sales for its Munda Gold Mine starter pit, 82km south of Kalgoorlie-Boulder.
The deal involved disposing of all bullion produced from the second mining campaign and processed at Black Cat Syndicate’s (ASX:BC8) Lakewood Mill, 6km southeast of Kalgoorlie-Boulder, between the end of January and mid-February 2026.
The product was sold for an average of $7,178 an ounce, bringing a total net profit of $43.5 million. This profit factors in mining, haulage, processing, and other expenses. The amount excludes Goods and Services Tax owed to the government.
A total of 8,886 ounces of gold were produced, representing a 46% increase compared to the originally forecast 6,100 ounces. Reconciled average head grade for the starter pit was 2.46 grams per tonne compared to a predicted 1.8 g/t.
“Particularly with production coming in 46% above budget and the results surpassing all our expectations, including for grade and recovery, this is a finish we probably only ever dreamed of,” Managing Director Mark English says.
“These brilliant results indicate that Munda hosts a larger, higher grade gold deposit than previously thought.”
Auric Mining is a gold mining and exploration company with assets mostly in Western Australia’s Goldfields region.
Write to Richard Szabo at Mining.com.au
Images: Auric Mining
