Auric Mining Ltd. has announced that the Jeffreys Find gold mine gold sales have exceeded US$100 million.
Through Auric’s joint venture partner, BML Ventures Pty Ltd of Kalgoorlie (BML), a total of 17 901 oz of gold has been sold from stage two mining at Jeffreys Find.
Ore was milled in multiple campaigns at The Greenfields Mill, Coolgardie (Greenfields), and at the Three Mile Hill Plant, Coolgardie (Three Mile Hill), during 2024 and early 2025.
Highlights
- Stage one and stage two mining generates more than US$100 million in gold sales.
- Auric has received a further US$1.5 million interim cash distribution, making the total received to date for stage two US$8.1 million. This is in addition to the US$4.8 million received for stage one.
- BML advises stage two is on target to deliver US$11 – $12 million cash surplus for Auric.
- Stage two gold sold passes 17 900 oz.
- Latest gold sold at AUS$4625 /oz, for an average of AUS$4,024 /oz.
- Remaining 60 000 t parcel to be milled in coming months.
Mr. Mark English, Managing Director, said:
“The first ore was shovelled at Jeffreys Find in May 2023. In just a couple of years this short-life mine has now generated more than US$100 million in gold sales. Before starting, we estimated a gold price of AUS$2600 an ounce; who could have envisaged that we would be selling gold at more than AUS$4600 an oz? By any measure, it’s a brilliant result."