Latest news with #AuricMining
Yahoo
20-07-2025
- Business
- Yahoo
Declining Stock and Solid Fundamentals: Is The Market Wrong About Auric Mining Limited (ASX:AWJ)?
It is hard to get excited after looking at Auric Mining's (ASX:AWJ) recent performance, when its stock has declined 42% over the past three months. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on Auric Mining's ROE. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. How To Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Auric Mining is: 15% = AU$2.7m ÷ AU$18m (Based on the trailing twelve months to December 2024). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each A$1 of shareholders' capital it has, the company made A$0.15 in profit. View our latest analysis for Auric Mining What Is The Relationship Between ROE And Earnings Growth? We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. A Side By Side comparison of Auric Mining's Earnings Growth And 15% ROE To begin with, Auric Mining seems to have a respectable ROE. Especially when compared to the industry average of 11% the company's ROE looks pretty impressive. This certainly adds some context to Auric Mining's exceptional 62% net income growth seen over the past five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently. As a next step, we compared Auric Mining's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 19%. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Auric Mining's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Is Auric Mining Using Its Retained Earnings Effectively? Auric Mining doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above. Summary Overall, we are quite pleased with Auric Mining's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. Our risks dashboard would have the 3 risks we have identified for Auric Mining. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Age
09-07-2025
- Business
- The Age
Auric eyes $4.5M windfall from final Jeffreys Find WA mining campaign
Auric Mining has fired up a final toll milling campaign at its Jeffreys Find gold mine near Norseman in Western Australia's Goldfields. The final 60,000-tonne batch of ore is set to produce a handy 2750 ounces of gold to close out the company's wildly successful joint venture with BML Ventures. The ore is now being processed at Focus Minerals' Three Mile Hill mill in Coolgardie, tying a bow on Auric's 30,000-ounce total gold target from Jeffreys Find. The final push is projected to generate up to $9 million in surplus cash. Auric's 50:50 share is expected to be between $4 million and $4.5 million. Under the joint venture, Kalgoorlie-based BML will again carry the mining, haulage and milling costs for Jeffreys Find. Auric says it has already invoiced BML for a $3.6 million interim distribution to be paid in July and August, with final accounting slated for the next quarter. Auric has closely studied BML's toll treating strategy, as it looks to replicate the joint venture's success and mining practices at its latest and largest flagship Munda gold project, just up the road from Jeffreys Find. 'Auric will bank more than $17 million in total from its profit share of the mining at Jeffreys Find.' Auric Mining managing director Mark English Auric Mining managing director Mark English said: 'This has been a game-changer for us as we transition to becoming a gold producer in our own right. These additional funds will principally be used to support the operations already underway at Munda.' The Jeffreys Find project has been a financial springboard for Auric. With its $17 million war chest from its share of gold sales, the company will now deploy its fully funded mining operation at the 125,000-tonne starter pit, which is already underway at Munda. The initial pit is targeting a minimum 6100 ounces at 1.8 grams per tonne (g/t) gold from a broader resource at Munda of 3.65 million tonnes grading 1.23g/t gold for 145,000 ounces. The 145,000-ounce Munda deposit is one of the largest undeveloped gold resources in the Kalgoorlie region, which is a key factor in Auric securing a lucrative toll treatment agreement with mid-cap gold producer Black Cat Syndicate for the Munda starter pit ore. Black Cat has opened its gates to Auric and will process ore at its currently under-capacity Lakewood mill in Kalgoorlie. Spare capacity is an absolute rarity in the region. The soaring gold price means toll treating options have become notoriously hard to find and the region's mills are reportedly backed up well into 2027.
Sydney Morning Herald
09-07-2025
- Business
- Sydney Morning Herald
Auric eyes $4.5M windfall from final Jeffreys Find WA mining campaign
Auric Mining has fired up a final toll milling campaign at its Jeffreys Find gold mine near Norseman in Western Australia's Goldfields. The final 60,000-tonne batch of ore is set to produce a handy 2750 ounces of gold to close out the company's wildly successful joint venture with BML Ventures. The ore is now being processed at Focus Minerals' Three Mile Hill mill in Coolgardie, tying a bow on Auric's 30,000-ounce total gold target from Jeffreys Find. The final push is projected to generate up to $9 million in surplus cash. Auric's 50:50 share is expected to be between $4 million and $4.5 million. Under the joint venture, Kalgoorlie-based BML will again carry the mining, haulage and milling costs for Jeffreys Find. Auric says it has already invoiced BML for a $3.6 million interim distribution to be paid in July and August, with final accounting slated for the next quarter. Auric has closely studied BML's toll treating strategy, as it looks to replicate the joint venture's success and mining practices at its latest and largest flagship Munda gold project, just up the road from Jeffreys Find. 'Auric will bank more than $17 million in total from its profit share of the mining at Jeffreys Find.' Auric Mining managing director Mark English Auric Mining managing director Mark English said: 'This has been a game-changer for us as we transition to becoming a gold producer in our own right. These additional funds will principally be used to support the operations already underway at Munda.' The Jeffreys Find project has been a financial springboard for Auric. With its $17 million war chest from its share of gold sales, the company will now deploy its fully funded mining operation at the 125,000-tonne starter pit, which is already underway at Munda. The initial pit is targeting a minimum 6100 ounces at 1.8 grams per tonne (g/t) gold from a broader resource at Munda of 3.65 million tonnes grading 1.23g/t gold for 145,000 ounces. The 145,000-ounce Munda deposit is one of the largest undeveloped gold resources in the Kalgoorlie region, which is a key factor in Auric securing a lucrative toll treatment agreement with mid-cap gold producer Black Cat Syndicate for the Munda starter pit ore. Black Cat has opened its gates to Auric and will process ore at its currently under-capacity Lakewood mill in Kalgoorlie. Spare capacity is an absolute rarity in the region. The soaring gold price means toll treating options have become notoriously hard to find and the region's mills are reportedly backed up well into 2027.
Sydney Morning Herald
07-07-2025
- Business
- Sydney Morning Herald
Auric locks in crucial Kalgoorlie toll treatment deal with Black Cat
Auric Mining has secured a pivotal toll treatment and ore purchase agreement with Black Cat Syndicate, ensuring 125,000 tonnes of gold ore from its Munda starter pit in Western Australia's Southern Goldfields will be processed not too far away at Black Cat's Lakewood Mill in Kalgoorlie. With mill space in the greater Kalgoorlie region reportedly tighter than a drum, the deal locks in crucial production for Auric, positioning the company to cash in a quick 6100 ounces in a soaring gold price environment. Auric forecasts the ore will yield about 6100 recovered ounces of gold at a grade of 1.8 grams per tonne (g/t). Based on the current gold price, still hovering above $5000 an ounce and up more than 30 per cent this year alone, the potential gross revenue would exceed $28 million for the $30 million market-cap company. The agreement marks one of the company's most significant steps and the final piece of the puzzle for Auric's Munda pit, where mining operations are already in full swing following a recent first blast and the start of overburden removal. The company expects to extract 125,000t of ore grading a handy 1.8g/t gold, for a conservatively calculated 6100 ounces after recovery at Munda. 'This toll milling agreement gives us a commercial home for our Munda ore and paves the way to realise significant cash flow in the very near term.' Auric Mining managing director Mark English Processing is set to kick off in September at Black Cat's 1.2-million-tonne-per-annum Lakewood facility, about 100 kilometres up the road from the project, with the pit and all ore expected to be processed by February next year. The deal is a strategic triumph for the company in the desert mining region, where mill capacity is scarcer than water. By locking in Lakewood's processing power, Auric sidesteps a critical bottleneck, ensuring its gold hits the market without delay to capitalise on the $5000-plus per ounce Australian gold price. Auric Mining managing director Mark English said: 'T his toll milling agreement gives us a commercial home for our Munda ore and paves the way to realise significant cash flow in the very near term… Having a home for the Munda ore will enable us to monetise all the ounces from the starter pit.'
The Age
07-07-2025
- Business
- The Age
Auric locks in crucial Kalgoorlie toll treatment deal with Black Cat
Auric Mining has secured a pivotal toll treatment and ore purchase agreement with Black Cat Syndicate, ensuring 125,000 tonnes of gold ore from its Munda starter pit in Western Australia's Southern Goldfields will be processed not too far away at Black Cat's Lakewood Mill in Kalgoorlie. With mill space in the greater Kalgoorlie region reportedly tighter than a drum, the deal locks in crucial production for Auric, positioning the company to cash in a quick 6100 ounces in a soaring gold price environment. Auric forecasts the ore will yield about 6100 recovered ounces of gold at a grade of 1.8 grams per tonne (g/t). Based on the current gold price, still hovering above $5000 an ounce and up more than 30 per cent this year alone, the potential gross revenue would exceed $28 million for the $30 million market-cap company. The agreement marks one of the company's most significant steps and the final piece of the puzzle for Auric's Munda pit, where mining operations are already in full swing following a recent first blast and the start of overburden removal. The company expects to extract 125,000t of ore grading a handy 1.8g/t gold, for a conservatively calculated 6100 ounces after recovery at Munda. 'This toll milling agreement gives us a commercial home for our Munda ore and paves the way to realise significant cash flow in the very near term.' Auric Mining managing director Mark English Processing is set to kick off in September at Black Cat's 1.2-million-tonne-per-annum Lakewood facility, about 100 kilometres up the road from the project, with the pit and all ore expected to be processed by February next year. The deal is a strategic triumph for the company in the desert mining region, where mill capacity is scarcer than water. By locking in Lakewood's processing power, Auric sidesteps a critical bottleneck, ensuring its gold hits the market without delay to capitalise on the $5000-plus per ounce Australian gold price. Auric Mining managing director Mark English said: 'T his toll milling agreement gives us a commercial home for our Munda ore and paves the way to realise significant cash flow in the very near term… Having a home for the Munda ore will enable us to monetise all the ounces from the starter pit.'
