AURYN Mining Corporation
AUMC
Other OTC1.85
USD
+0.20
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AURYN Mining Corporation
AUMC
(Other OTC)
Recent
price
1.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- AURYN Mining Corporation (OTC: AUMC) operates as a junior mining and exploration company focused on gold properties in the Altos de Lipangue mining district in Chile, where it owns and controls approximately 10,500 hectares of mining claims; the company conducts extraction, processing, and exploration activities including drainage and redesign of mining operations at sites such as the Antonino Tunnel and Fortuna de Lampa project, with plans for a 100-ton-per-day flotation plant and development of new ore extraction points to feed processing operations. Founded in 1988 and headquartered in Indianapolis, Indiana, AURYN targets diversified metals primarily gold through its wholly-owned Chilean subsidiary Auryn Mining Chile SpA, serving production and exploration segments in the Andean region. Recent developments include the closure of a up to $4 million financing agreement with Strategic Investments S.A.C. in September 2024 to fund the flotation plant construction anticipated operational by May 2025; resumption of Fortuna site operations in June 2024 encompassing access road repairs, new mining camp construction, and tunnel draining; a revised financing and services agreement announced December 30, 2024, with Ameco Chile SpA for engineering, management, equipment leasing, and community programs at Fortuna de Lampa; submission of exploitation projects for 1,000-ton-per-month capacities at new points to SERNAGEOMIN in January 2025; and ongoing collaborations with University of Freiberg and University of San Sebastian for process improvements and water management systems.