Auric Mining's Golden Year
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Auric Minings financial year ending December 31, 2025, saw a significant boost, with a net profit of $5.2 million, a 144% increase in revenue to $20.6 million, a 129% rise in free cash flow to $6.5 million, and a 61% surge in total assets to $34.8 million. This marks their third consecutive profitable year, driven by successful operations at the Munda gold mine in Western Australia. The mine produced 8,886 ounces of gold, 46% above the initial target, due to high head grades and recoveries. Auric also secured the Burbanks gold processing plant, setting the stage for a vertically integrated gold production setup. With over $43 million in cash and strong infrastructure, Auric is well-positioned to expand its gold production significantly.
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