Auric Mining has turned its Munda gold mine near Widgiemooltha in Western Australia into a bona fide cash machine, raking in almost $11 million from its first gold sales.

The company hit the milestone this week after shifting 1,790 ounces at an impressive average price of A$6,130 per ounce.

The transaction follows completion of Auric’s maiden toll-treating campaign through Black Cat Syndicate’s Lakewood Mill near Kalgoorlie, processing 59,000 tonnes of ore from the Munda starter pit.

Auric’s first sale at the end of last month delivered 980 ounces at a glittering A$6,138 per ounce, accompanied just days later by the sale of another 810 ounces at A$6,118. Together, the twin transactions mark the company’s first tranche of cash from Munda, with the money set to land in its account this we

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