Auric is a good example of a successful smaller gold producer

The initial enthusiasm for the Chinese stimulus has been tempered somewhat as reality overtakes speculative behaviour. Last week we saw metal prices pull back with iron ore being down 4% to $105 pt in Singapore. Even though the RIO bid for Arcadium generated some interest in lithium stories, the lithium market is under pressure with expectation of medium term oversupply. Overall, sentiment improved a little more.

As I suggested a few weeks ago, Auric Mining (AWJ) is an interesting gold junior that has figured out how to make good money from mining small deposits around Kalgoorlie. The Company stands apart from so many other juniors that are just out there for the lifestyle. Auric seems more genuine than so many others, spending money to unlock cashflows rather than lining the directors' pockets. 

 WeeklyComm12Oct2024.pdf