Auric Mining's Full-Year Financial Results for 2023

Auric Mining Limited (ASX: $AWJ) has released its full-year financial results for the year ending 31 December 2023. The company achieved a maiden adjusted profit of $2.8 million and generated a net operating cash of $4.22 million. The financial year was marked by successful Stage One mining at Jeffreys Find, resulting in the production of 9,741 ounces of gold. Notably, the company's net cash from operating activities resulted in a surplus of $4.22 million.

Executive Commentary on Financial Performance

The financial year ending 31 December 2023 has been a significant period for Auric Mining. We are pleased to report a maiden adjusted profit of $2.8 million, reflecting the successful execution of our mining activities, particularly at Jeffreys Find. The rising gold price has also been a contributing factor to our positive financial performance. We are committed to continuing our dynamic gold mining activities to generate cash for the company and its shareholders in the upcoming year.

Summary of Financial Statements and Outlook

Auric Mining's financial statements for the year ended 31 December 2023 reflect a milestone achievement with a maiden adjusted profit of $2.8 million and a surplus net operating cash of $4.22 million. The successful mining activities at Jeffreys Find have positioned the company to become self-funding for 2024. Looking ahead, Auric Mining aims to continue its gold mining activities to generate cash and enhance shareholder value. The company's financial report has been audited by William Buck, and the shareholder information includes the distribution of equitable securities, substantial holders, and voting rights attached to ordinary shares.