Australia's Auric Mining hits over 3-yr high on stellar results from gold mine

Auric Mining

16/08/2024 02:00

** Shares of Auric Mining  AWJ.AX  rise as much as 10.4% to
A$0.265, their highest since March 30, 2021
    ** Stock posts its biggest intraday pct gain since Aug. 7 
    ** Gold developer says it has received A$6.3 mln ($4.16 mln)
from total gold sales in August till date from Jeffreys Find
Gold Mine in Western Australia
    ** Adds "over the coming month, Jeffreys Find Gold Mine is
expected to generate around A$25.0 Million in gross gold sales
as 150,000 tonnes gets processed at the mill"
    ** About 746,431 shares change hands, compared with the
30-day average volume of 544,720
    ** AWJ set for best week since early March with a gain of
over 22%
    ** Stock has doubled in value this year as of last close


($1 = 1.5126 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))