Auric Mining Rides Rising Gold Price as Mining Begins at Jeffreys Find Gold Mine

“Putting (the gold price increase) into context for Jeffreys Find, the gold price is outstanding for us at the moment,” said Auric Mining Managing Director Mark English.

Auric Mining (ASX:AWJ) has commenced mining operations at the Jeffreys Find project in Western Australia, and for Managing Director Mark English, this is happening at a good time with the gold price at almost AU$3,000 an ounce.

“We did a scoping study back in July 2022, and we used a gold price of AU$2,600 an ounce, so that’s an extra AU$400 an ounce. It’s really pure surplus cash to us, pure profit,” English said.

He added that cashflow from Jeffreys Find will allow Auric Mining to advance exploration work at its Munda gold deposit, which is four times the size of Jeffreys Find. Munda’s inferred gold resource estimate at a cut-off grade of 0.5 grams per tonne is 3.77 million tonnes at 1.43 grams per tonne for 173,700 ounces of gold.


Watch the full interview with Mark English, managing director of Auric Mining, above.

Disclaimer: This interview is sponsored by Auric Mining (ASX:AWJ). This interview provides information which was sourced by the Investing News Network (INN) and approved by Auric Mining in order to help investors learn more about the company. Auric Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Auric Mining and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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