WA Munda gold sales hand Auric $14.6m windfall

The West Australian

Nov 18, 2025

Auric Mining has delivered a thumping finish to the year, raking in $14.6 million in gold sales and banking $8.8 million in net revenues after milling and haulage costs from its Munda starter pit near...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2584068986"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2584068986\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2584068986?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-20716370/28dbaf7e62e0d1c0bb831fab265dd72116113f08.jpg","is_english":true,"pubTime":"2025-11-18 06:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584068986","market":"hk","top_or_hot":-1,"title":"WA Munda gold sales hand Auric $14.6m windfall","media":"The West Australian","content":"<div>\n<p>Auric Mining has delivered a thumping finish to the year, raking in $14.6 million in gold sales and banking $8.8 million in net revenues after milling and haulage costs from its Munda starter pit near...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/wa-munda-gold-sales-hand-auric-146m-windfall-c-20716370\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The latest parcel - totalling 565 ounces - went out the door at a whopping A$6,406 an ounce to add to the first 1,790 ounces that sold at an average A$6,130.Processing of the first 58,000-tonne parcel wrapped up at Black Cat Syndicate’s Lakewood Mill two weeks ago, completing the initial stage of Auric’s ore-for-cash strategy. The final gold-in-circuit calculation is due at month’s end and could squeeze even more ounces into the ledger.The ore tolling arrangement with Black Cat has proven a tidy piece of financial engineering. Instead of sinking tens of millions into its own processing infrastructure, Auric has opted to monetise Munda ore immediately while keeping capital lean and its options wide open.However, the real kicker will come from what’s next in the pipeline. Auric has already booked its second campaign at Lakewood – a beefy 65,000-tonne parcel that kicks off in mid-January. If the first campaign is anything to go by, the next ore batch could deliver another wave of strong revenues early in the new year.The debut mining run at Munda is rapidly turning into a licence to print money for Auric, with about 6100 ounces expected to roll out of the starter pit by February. Even more impressive, all-in sustaining costs are forecast to run at just A$2635 an ounce, giving the company a fat margin in a gold market that’s still red-hot and climbing.When Auric first crunched the numbers, it used a now embarrassingly low gold price of just A$3500 an ounce – a figure that now looks like it belongs in another geological era. Those early models suggested the Starter pit would throw off around $5.3 million in free cashflow – a total now wildly out of touch with reality.As gold hovers above A$6000 an ounce – nearly double the base case – Munda has blown the doors off those initial assumptions. The first 2355 ounces have already outperformed the early estimates by a country mile. With another 4391 ounces still lining up for processing, the cash registers aren’t just ringing – they’re warming up for an encore.Auric Resources managing director Mark English The ongoing buoyant gold market is working hugely in our favour as we continue selling the gold from our Munda Starter Pit. It’s a huge close to the year for Auric. Adding in the next stage 65,000 tonne parcel already booked for processing at the Lakewood Mill in early 2026 will set the platform for another excellent year. Auric Resources managing director Mark EnglishWith the Starter Pit campaign now complete, Auric is shifting its sights to a bigger brother lurking beneath - the Munda Main Pit. Detailed planning and early-stage scoping are pencilled in for the first quarter of 2026, with the early numbers appearing to really stack up well.At 3.65 million tonnes going 1.23 grams per tonne for 145,000 ounces at a 0.5 grams per tonne (g/t) cut-off, Auric’s Munda Main Pit already looks like it will be a tidy little money-maker. Loosen that cut-off to 0.2g/t and the resource swells to 189,000 ounces across the indicated and inferred categories – a clear sign the system still carries plenty of punch.When Kalgoorlie-based Minecomp ran the ruler over Munda back in 2023 it used what now looks like a stone-age gold price assumption of just A$2600 an ounce. Its scoping study modelled a production profile of 1.716 million tonnes at 2.2g/t - enough to crank out a thumping A$76.9 million in undiscounted surplus cashflows.However, fast-forward to today’s record-breaking gold market and those old numbers suddenly look like the warm-up act.The company has also been busy closing out deals across the Goldfields region to expand its exploration footprint.Back in February, it forked out $475,000 for the Loded Dog tenements – a package brimming with both brownfields and greenfields potential.The ground sits among proven performers, including the former Avoca-owned Trident underground deposit which mined a million ounces at a cracking 4.4 grams per tonne. Auric’s leases are also just up the road from Westgold’s Beta Hunt–Higginsville complex, which holds 2.8 million ounces Against that backdrop, Loded Dog looks like a low-cost gateway to a very high-value hunting ground.Elsewhere, Auric has confirmed it is moving ahead on a deal for $4 million in cash and shares to secure the Lindsay’s gold project near Kalgoorlie.Lindsay’s comes replete with ready-made upside. The Parrot Feathers open pit, partially mined for 6153 ounces before the 2013 gold slump forced operator KalNorth to walk away, still has 75 per cent of its resource waiting to be dug out.Backing up its dash for new gold grounds, Auric recently put its foot on the Burbanks gold Mill just south of Coolgardie for a bargain basement price of $4.4 million.The deal hands Auric the keys to a fully permitted, 180,000-tonne-per-annum carbon-in-leach (CIL) plant complete with crushing and grinding circuits.The facility has been on ice since 2019, but Auric is now running technical studies to scope out whether a refurbishment or full rebuild will deliver the biggest bang for its buck.Taken together, these moves paint a clear picture of a growing gold company on a mission to build a long-term production pipeline and set up the processing muscle needed to stay in control of its own destiny.For now though, the scoreboard at Munda tells the story. Three gold pours. 2,355 ounces sold. $14.6 million in gross revenue. And a second, larger campaign about to fire. It’s a powerful way to finish 2025 – and an even better way to start 2026.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}