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Auric Mining starts processing gold ore from its Munda mine, aiming for first revenue by November.
Auric Mining is set to begin processing gold ore from its Munda mine in Western Australia, with the first shipments expected at Black Cat Syndicate’s Lakewood mill in late October.
The company, which has stockpiled 40,000 tonnes of high-grade ore, will transport 60,000 tonnes via TLL Haulage under a toll milling agreement, with JT Metallurgical Services overseeing the process.
Auric aims to generate its first gold revenue by November, projecting 6,100 ounces at an all-in sustaining cost of $2,635 per ounce.
With gold prices near $5,600 per ounce, the project’s profitability is significantly higher than earlier forecasts.
The toll milling approach avoids high capital costs, allowing focus on exploration and development of the larger Munda main pit.
An updated scoping study is expected in Q2 2026.
Auric’s prior success at Jeffreys Find, which yielded $14.5 million in profit, supports its strategy of revitalizing underutilized assets.
Auric Mining comienza a procesar mineral de oro de su mina de Munda, con el objetivo de obtener los primeros ingresos en noviembre.