Auric Mining Ltd Reports Successful June 2026 Quarter
Key points
- Munda Mineral Resource upgraded by 32% to 4.20Mt at 1.43g/t
- Integrated Burbanks and Munda Scoping Study released
- Gareth Solly appointed CEO, effective 18 May 2026
- Cash at 30 June 2026 was A$38 million
- Company has no debt and is unhedged
Full summary
Auric Mining Ltd reported a successful June 2026 quarter with significant achievements, including a 32% increase in the Munda Mineral Resource to 4.20Mt at 1.43g/t. The company also released the Integrated Burbanks and Munda Scoping Study, which outlines a clear pathway to standalone gold production. The study highlights robust financials, with a capital cost of $137M, revenue of $812M, and EBITDA of $437M. The company has appointed Gareth Solly as CEO, effective 18 May 2026, and Mark English will transition to Executive and Finance Director by 1 December 2026. Cash at 30 June 2026 was A$38 million, and the company has no debt and is unhedged.
Guidance
Capital cost: $137M, Revenue: $812M, EBITDA: $437M (FY2026)
Outlook
Auric Mining Ltd plans to execute the project through permitting, detailed engineering, procurement, construction, mining, and commissioning, with first gold targeted for early 2028.
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