Auric Mining (AWJ) Q1 2026 TU earnings summary

Executive summary

• Achieved record operational and financial performance in the March 2026 quarter, highlighted by strong gold production and sales from the Munda Starter Pit and the conclusion of the Jeffreys Find joint venture.

• Transitioned from explorer to gold producer, with significant cash generation and a strengthened balance sheet.

Financial highlights

• Produced 8,886 ounces from Munda Starter Pit, 46% above budget; all bullion sold at an average A$7,178/oz.

• Received final $2.2M cash distribution from Jeffreys Find JV, totaling ~$16.5M from a $1.2M investment.

• FY2025 revenue grew 144% year-over-year to $20.6M; net profit after tax up 92% to $5.2M; free cashflow $6.5M.

• Cash and sole debtor position at A$46M as of 31 March 2026; no debt and unhedged.

Outlook and guidance

• Planning commenced for the larger Munda Main Pit, leveraging insights from the Starter Pit's outperformance.

• Burbanks Gold Processing Plant technical evaluation and scoping study underway to support integrated gold production.

• Anticipates continued growth with a strong balance sheet, increasing production, and favorable gold prices.