Auric Mining Projects Over $28M in Revenue from Jeffreys Find Gold Mine

Auric Mining Limited (ASX:AWJ) is expecting more than $28 million in gross revenue from Jeffreys Find gold mine in Western Australia, after the company produced an additional 4,300 gold ounces from its second campaign, according to an article in Business News.

Auric already milled a maiden parcel of 36,180 tonnes at The Greenfields Mill, Coolgardie which yielded 1,721 ounces of gold at 1.58 grams per tonne. The company aims to process 180,000 tonnes to complete the stage-one production and is confident it will complete the process within time, yield and budget parameters, the article said.

“The first surplus cash is now spinning out the end. Based on what we already know we expect gross revenue generated from this first stage to be in excess of $28 million, which means the partners in this project are going to split millions in surplus cash,” Auric Mining managing director Mark English commented.

Read the full article here.

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