Auric Mining Limited recorded a net profit before tax of $27,999,543 for the half-year ended 30 June 2026, marking a complete turnaround from the pre-tax loss of $1,345,380 reported in the corresponding period of 2025.

The financial performance was underpinned by operational delivery at the Munda Gold Mine in Western Australia, where toll milling campaigns produced 6,168 ounces of gold during the half. This output contributed to total Starter Pit production of 8,886 ounces at an average all-in sustaining cost of $2,857 per ounce, demonstrating the asset's cash-generating capacity and long-term profitability following mining campaigns completed through third-party facilities.

Total revenue for the six-month period surged to $44,765,817, up substantially from $335,073 in the first half of 2025. Net operating cash flow reached $33,751,191, compared to $3,472,485 previously, while total assets expanded to $61,892,676, supported by current assets of $39,288,357 and total equity of $49,100,101. Earnings for the period reached 10.29 cents per share.

The operational results mark the successful completion of Auric's transition to an independent gold producer following mining and toll milling operations at the Munda deposit.

“Our $28 million net profit before tax is an excellent half year financial result. This reflects disciplined capital management and execution as well as the strength of our Munda Gold Mine which produced 6,168 ounces.”

— Mark English, Managing Director

Building on the starter pit operations, the company is advancing resource delineation across the broader deposit to establish a foundation for future development. Estimation of Ore Reserves for the Munda Gold Mine is scheduled to occur during the second half of 2026.

Read the full announcement: Half-Year Results - $28 Million Profit Before Tax