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AUE

Aureus welcomes oil price slide

West African gold play Aureus Mining (AUE) reckons the latest fall in oil prices could shave some $30 (£20) off estimated all-in cash costs at its flagship New Liberty gold project in Liberia, where the AIM-quoted company expects the first gold pour in May, with fill capacity to be reached in July. That would take costs to $820 an ounce for New Liberty, if oil’s present weakness persists, against a current gold price of $1,276.95c an ounce and would provide a helpful boost to returns from the project, which Aureus expects to produce at a rate of 119,000 oz. a year by open pit mining for the first six years of an anticipated mine life of eight years.

By Robert Tyerman | Published 2015-01-19 06:54:55 |

Aureus on track amid ebola epidemic

West African gold hopeful Aureus Mining (AUE) expects to have its flagship 900,000-oz. New Liberty project in Liberia producing gold in or shortly after March next year and is confident of announcing a new resource next month for Ndablama, 40 km away, its second project in the country’s Bea Mountain licence area. Liberia is at the centre of the deadly ebola epidemic, gold at $1,248.80c an ounce remains at present stubbornly out of investment fashion and Aureus’s shares have virtually halved from their 41.25p 12-month peak to 21.25p now, but David Reading, the company’s chief executive officer, strikes a determinedly upbeat note.

By Robert Tyerman | Published 2014-10-22 12:20:18 |

Production in sight for Aureus Mining

Swimming against the tide could pay off for West Africa-focused Aureus Mining (AUE), as it prepares to take its one million oz.-plus New Liberty gold project in Liberia’s Bea Mountain area into production early next year. It will also test likely prospects elsewhere in the country, such as nearby Ndablama, which chief executive officer David Reading hints could be in the same league. The AIM-quoted company claims New Liberty will be virtually the only new mine to open in West Africa at that time and should be able to produce 100,000 oz. of gold in its first year, rising to an annual 120,000oz. for at least six years, with foreshadowed all-in cash costs of $850/oz, against a current price of $1,315.80/oz.

By Robert Tyerman | Published 2014-07-09 07:07:13 |

Aureus mining: speculative buy on West African prospects

Aureus Mining (AUE) is heading for a lively 2014. First, the AIM-quoted company plans bring New Liberty, the West African state of Liberia’s first gold mine of modern times, to full production next year. Second, it has scored some decidedly pleasing drilling results at Ndablama, a gold project only 40 km. away. Chief executive officer David Reading suggests Ndablama could ‘potentially be a lot bigger than New Liberty.’

By Robert Tyerman | Published 2014-02-21 12:32:17 |

Aureus Mining - exploration drilling results, shares continuing to be impacted by poor sector sentiment

AIM and Canada-listed Aureus Mining (AUE) earlier this week announced “significant new results”, mainly from shallow intercepts, from a drilling programme at the Weaju gold target, approximately 30 kilometres north-east of its flagship New Liberty gold project in Liberia.

By | Published 2013-06-14 09:11:25 |

Aureus Mining - more aggressive presentation

AIM and Canada-listed Aureus Mining (AUE) has announced the results of an optimised feasibility study as it seeks to progress its New Liberty gold project into Liberia’s first commercial gold mine.

By | Published 2013-05-20 10:06:01 |

Aureus Mining Q3 Results: Still a sell?

Aureus Mining (AUE) was a poorly timed recommendation from my 12 years at t1ps.com and I recommended selling and reinvesting in more attractive gold plays at the start of this month with the shares at 57.25p. Following results for the company’s third quarter (to 30th September) released today, the shares now trade at 50p. Does this change my view?

By Tom Winnifrith | Published 2012-11-15 13:27:20 |

Aureus Mining Flushed Out - $80 million fund raise underway

Yesterday I warned here that AIM listed gold mine developer Aureus Mining (AUE) was going to have to raise stacks of cash. The deluge of upbeat RNS announcements told you as much. And I advised selling at 57.5p. This was met with stacks of Bulletin Board abuse from folks insistent that I did not know what I was talking about. I suggest scores on doors after 24 hours: TW 1 BB Morons Nil. As today the company has ‘fessed up saying it plans to raise $80 million via issuing new shares. For a company capitalised at £60 million ($95 million) that is a huge ask and there seem to be all sorts of risks here. I would almost be tempted to go short here. If I own the stock I would sell. Here is why.

By Tom Winnifrith | Published 2012-11-02 11:57:34 |

Aureus Mining – A winner or a loser in the gold stakes?

AIM listed Aureus Mining (AUE) is a gold development and exploration company, currently mainly focused on progressing its New Liberty project – which it is targeting to become the first commercial gold mine in Liberia. I apologise for having timed my recommendation poorly here – recommending the shares at 84.5p in August 2011 on t1ps.com, during my 12 year stint there. Now trading at 57.25p, I review the investment case based on the informed view of where the best place to currently be in the gold sector is…

By Tom Winnifrith | Published 2012-11-01 11:55:40 |

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Recent Comments

DAVID FRASER8 Nov 2026

It seems a bit mad that Georgina has tripled this year yet Amaroq has gone practically nowhere since January and it’s a proper company producing useful bars of precious metals.

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Sohail8 Nov 2026

Not sure the distinction between private and public ownership makes much difference.The uk is certainly not producing top quality Management in either the public or the private sector.However without actually living in another country not sure how we are comparing.The mid terms in my view did not reject Trump.When latinos who had voted for him in droves suddenly found they were being deported in droves found they were being deported in droves decided it was not a good idea to vote republican.The same was true for voters hit in the pocket.

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Sohail8 Nov 2026

Why are mobile homes unsellable

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BEARISHBULL8 Nov 2026

There's still activity at the chunk end - house up our street sold in 2 weeks, went to sealed bids over £1.75m, needed gutting. Another (large) 4 bed semi went to a bidding war at £1.5m.

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BLENHEIM8 Nov 2026

I note that new housing developments around Oxford have stalled and are being mothballed.The Barton estate is an example. There are partly built blocks there, complete with scaffolding, now fenced off.I’d speculate that they won’t be completed for a few years.

Tom Winnifrith Bearcast: another crash underway, UK house prices especially those of flats

WELL INFORMED8 Nov 2026

That's nonsense Mayfairman - the basic tenent of economics is the supply of money chasing the same, or fewer goods. Pretty obvious to anyone really. You see something in the shop for £100 but everyone can afford £200 for it - ergo the price will go up. Inflation is purely too much money chasing too few goods.So, Tom is 100% correct.

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Sohail8 Nov 2026

Well institutions dont seem to have got the message !They have hardly any investment in the sector.

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MANICSEAGULL8 Nov 2026

Here on the edge of the Yorkshire dales it seems the property class that is going down rather dramatically is mobile homes on the holiday parks - they are almost unsellable now.

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COLINS28 Nov 2026

I would think that Andy Pandy will be on top of most peoples' bonfires this year!

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