Auric Mining Ltd (ASX:AWJ) MD Mark English speaks with Proactive soon after announcing stage one production results at the Jeffreys Find Gold Mine near Norseman. As last Friday, a total of 8,293 ounces of gold have been sold, generating $24,833,081 in revenue for Auric and its joint venture partner BML. Gold production from the campaign has surpassed 9,400 ounces, with 1,264 ounces sold at The Perth Mint on the same date, fetching $3,958,740 at a rate of $3,131 per ounce.
All the ore has been milled with the last of the gold passing through the system at the Greenfields Mill and at Perth Mint. Jeffreys Find Stage One production will be close to 10,000 ounces, said English.
With gold prices at near record highs, together with excellent production, the project is expected to produce more than $9.0 million total surplus cash for the two partners. A terrific result for both of us.
We will soon complete all processing and gold sales for stage one. Both parties are enthusiastic about getting into stage two early in 2024. We expect stage two to also be very friendly to us and not provide anything unexpected.
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Auric Mining Ltd
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