Subscribe free!

Find out why we're the #1 free penny stock alert newsletter

Close

Auric Mining Company to Restart Gold Mines

| |

Auric Mining Company (OTCBB: AUMY) stock is currently trading at $0.0016, up 77.78 percent from its previous close. The stock has traded in the range of $0.0008 and $0.0019.  The company recently announced that it would be reopening its undervalued gold mines. It also reported the completion of the first phase of its acquisition plan. The company said that it will focus on recommissioning of its existing properties due to their high production possibility and low capital expenditure. Auric Mining expects three of its properties to reach investigative level.

Auric Mining also recently increased its revenue forecast for its project under development. The upward revision has been done pursuant to a report setting gold price target at $2,000 by 2013. The company also announced that it has secured $40 million worth of financial guarantee commitment. Auric Mining now has total financial commitment of $60 million. It is planning to combine these two separate commitments in to one single guarantee at a preferential rate.

Auric Mining is involved in the business of natural resources and mining. The company is mainly operational in Canada. Auric Mining was earlier known as Focus Affiliates and was formed in 1994. The company is based out of Port Huron in Michigan.


Posted by on Friday, June 8th, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Tech24.org is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Leave a Reply