The company has consistently indicated that it expected gold production from Stage 2 of mining to be around 20,000 ounces. Coupled with the 9746 oz that was produced in 2023 then the whole mine could/should end up with circa 30,000 ounces. Their last announcement in mid January stated that about 15,000 ounces had been produced from Stage 2. My understanding is that there is still a lot of gold in circuit, at the Perth Mint or already sold since mid-Jan. Plus their JV partner is looking for a mill to process about 60,000 tonnes of ore still left on the ROM pad at the mine. All up that would have to equal 5000 ounces or more. @hotcongo I hope you are right that it will be 6000 ounces. How much cash Auric will receive is still being calculated as there are a lot of moving parts to the equation. But, anyway, LOTS!!
AWJ Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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