en.Wedoany.com Report on Mar 24th, Auric Mining has completed the sale of all gold from the starter pit at its Munda gold mine, located 82km south of Kalgoorlie-Boulder. The transaction involved processing gold bars produced from the second mining campaign, which were processed at the Lakewood Mill of Black Cat Syndicate (ASX:BC8) from late January to mid-February 2026. The mill is situated 6km southeast of Kalgoorlie-Boulder.

The product was sold at an average price of $7,178 per ounce, generating a total net profit of $43.5 million. This profit is accounted for after mining, transport, processing, and other costs, and excludes Goods and Services Tax (GST) owed to the government. A total of 8,886 ounces of gold was produced, representing a 46% increase over the initial forecast of 6,100 ounces. The reconciled average head grade for the starter pit was 2.46 grams per tonne, compared to the forecast of 1.8 g/t.

Managing Director Mark English stated, "A 46% production beat on budget and a result that exceeded all our expectations, including grade and recoveries, is probably the dream finish." He added, "These results indicate the Munda gold project hosts a larger and higher-grade gold deposit than previously thought."

Auric Mining is a gold mining and exploration company with assets primarily located in the Goldfields region of Western Australia. The company focuses on the development and operation of projects like the Munda gold mine to enhance its position in the Australian gold market.