The Gold Rush Revival: Auric's Meteoric Rise and What It Means for the Industry Auric Mining's half year results have sent shockwaves through the Western Australian gold market, with a net profit before tax of $28 million leaving many in the industry envious.
Behind this success lies disciplined capital management and execution, as evidenced by the Munda mine's 8886 ounces of gold produced at an all in sustaining cost of just $2857 per ounce.
Auric's decision to invest in the Munda starter pit was a calculated risk that has paid off handsomely, generating substantial cash flows that are being reinvested into building a self sufficient gold business.