Auric Mining Ltd. (AU:AWJ) has released an update.
Auric Mining Ltd. is set to strengthen its financials with $3 million in cash inflows this quarter from its Jeffreys Find Gold Mine operations, including the start of a toll milling campaign for 150,000 tonnes of ore on July 24, 2024. The company’s joint venture partnership is anticipated to generate substantial revenue, with over $20 million expected from this milling alone, positioning Auric for a profitable year ahead in the gold market. Further campaigns are planned for Q4, 2024, and beyond, as the mining activities are on track to exceed the target of processing 300,000 tonnes of ore.
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