Episode Details
Back to EpisodesAuric Mining's Jeffreys Find Yields $16.5M
Description
Auric Mining successfully completed its first gold mining project at Jeffreys Find, yielding a remarkable return of sixteen point five million dollars on a one point two million dollar investment. The open pit operation processed six hundred thirty-three thousand tonnes of ore, achieving ninety-two percent recovery rates. With forty-three million dollars in cash, bullion, and investments, Auric is now poised for growth, with plans to develop the Munda gold mines larger main pit, which holds one hundred eighty-nine thousand ounces of resources.
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