Auric Mining (ASX:AWJ)

31 December 2023 Full Year Financial Results. Auric Generated $4.22 Million Net Operating Cash

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide its financial statements for the year ending 31 December 2023.


Highlights:
  • Financial year posts a maiden profit of $1,313,644.
  • Adjusted maiden profit after one off write-down is $2,845,638.
  • Net cash from operating activities is $4,223,898.

2023 Full Year Financial Report

Managing Director, Mark English, said “We’ve topped off an outstanding 2023 with a maiden adjusted profit of $2.8 million. The net cash from operating activities resulted in a surplus of $4.22 million, a terrific result.

“We benefited from a rising gold price as we undertook Stage One mining at Jeffreys Find. The mining performed better than expected with production of 9,741 ounces of gold selling at an average of $3,006 per ounce. Six months of mining generated almost $10 million in surplus cash for Auric and its JV partner, BML Ventures Pty Ltd of Kalgoorlie. Mining at Jeffreys Find has commenced for the 2024 year. The first processing is scheduled at the Greenfields Mill in mid-late April 2024.

“The past 12 months has seen us become self-funding for 2024. We are a dynamic small gold company with a pipeline of mining activities, that will generate cash for the Company and our shareholders,” said Mr English.


Click here for the full ASX Release

This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AWJ:AU
Auric Mining

Auric Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Auric Mining (ASX:AWJ)

Auric Mining


Keep reading...Show less
Augustus Minerals

Augustus Minerals Limited (ASX: AUG) – Trading Halt

Description

The securities of Augustus Minerals Limited (‘AUG’) will be placed in trading halt at the request of AUG, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 16 July 2024 or when the announcement is released to the market.

Keep reading...Show less
Pan Asia Metals

Tama Atacama Lithium Project –Exploration Concessions Granted

Battery and critical metals explorer and developer Pan Asia Metals Limited (ASX: PAM) (‘PAM’ or ‘the Company’) is pleased to advise that substantially all Exploration Concessions in its holdings under Option Agreement have been granted at its Tama Atacama Lithium Project, increasing the total area of granted Exploration Concessions under Option Agreements and MOU to ~1,234km2 or 123,400Ha, see Figure 1.

Figure 1. Tama Atacama Lithium Project: Granted Exploration Concessions under Option and MOU

Keep reading...Show less
High-Grade Rock Chip Assays Extend Prospective Lithium Horizon at Red Mountain Project, USA

High-Grade Rock Chip Assays Extend Prospective Lithium Horizon at Red Mountain Project, USA

Grades up to 4,150ppm Li identified along 1.4km trend north of recent discovery


Keep reading...Show less
Firetail Resources

Firetail Resources

FTLABX

Keep reading...Show less
Auric Mining (ASX:AWJ)

Auric to Bank $3M Cash this Quarter. Toll Milling of 150,000 Tonnes to Start in 3 Weeks.

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that the second gold milling campaign of 2024 from the Jeffreys Find Gold Mine (the Project) near Norseman, WA, is expected to commence on 24 July 2024.

Keep reading...Show less
  Rimfire Pacific Mining Limited

Successful Placement

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that it has received firm commitments to raise $1.15M through a Share Placement pursuant to Section 708 of the Corporations Act (Cth).

Keep reading...Show less
Auric Mining

Auric Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×