Auric Mining Ltd. (AU:AWJ) has released an update.
Auric Mining Ltd. announced the successful completion of its first gold processing campaign at Jeffreys Find Gold Mine, yielding 64.68 kg of gold and $4.46 million in revenue. The company is preparing for Stage 2 mining to double last year’s output and has also completed grade control drilling at the Munda Gold Project. Auric reported a strong financial standing with $3.4 million in cash and an increased share capital to 148,553,371 shares.
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