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July 27, 2026 — 5:22pm
Auric Mining has presented plans on its next pathway to new production tabling a compelling integrated study for its Munda and Burbanks gold assets in Western Australia’s Kalgoorlie goldfields. The study highlights a potential $812 million in revenue over five years and a whopping $437 million in earnings before interest, tax, depreciation and amortisation (EBITDA) from the recovery of 141,254 ounces of gold.
The company’s five-year plan involves open-pit mining at the company’s Munda gold deposit, with a detailed timeline now mapped out. Auric says 2027 will be a year of intense preparation, dedicated to the construction and re-establishment of the Burbanks mill, alongside planning and securing government approvals.
Mining at Munda is slated to kick off in December 2027, with the ore to be hauled 87km to Burbanks. Processing is set to begin in April 2028, with the company expecting its first gold sales in that same month.
