Aura Minerals Inc. is pleased to announce that, further to its press release dated December 15, 2023, Borborema Inc. , a wholly owned subsidiary and indirect owner of the Company's Borborema gold project in Rio Grande do Norte State, Brazil , has closed the agreement with Gold Royalty Corp. and has received cash proceeds today of US$31 million to develop the Borborema Project . The US$31 million in proceeds is composed of [...]
Aura Minerals Inc. announced today that the Company's Board of Directors has declared and approved the payment of a dividend of US$0.25 per common share . In accordance with the Company's dividend policy , the Dividend is in respect of and is based on Aura's expected financial results for the six months ending on December 31, 2023. Under the Dividend Policy, the Company's annual dividend is equal to 20% of its estimated [...]
Aura Minerals Inc. announced that it has today entered into a subscription agreement with Altamira Gold Corp. pursuant to which it acquired, in a non-brokered private placement , 24,000,000 units of the Issuer at a price of C$0.125 per Unit for an aggregate purchase price of C$3,000,000. Each Unit consists of one common share and one common share purchase warrant of the Issuer. Each Warrant is exercisable to acquire one [...]
Aura Minerals Inc. announces that it has filed its unaudited consolidated financial statements and management discussion and analysis for the period ended September 30, 2023 . The full version of the Financial and Operational Results can be viewed on the Company's website at www.auraminerals.com or on SEDAR at www.sedar.com. All amounts are in U.S. dollars unless stated otherwise. Rodrigo Barbosa, President and CEO of [...]
Aura Minerals Inc. is pleased to announce that it has implemented a gold hedging program for the Borborema Project , to de-risk and secure the return on capital invested during the first three years of production at Borborema. Highlights of the Hedging Program: Aura has hedged about 215,000 ounces of gold between July 2025 to June 2028 using gold-collars established with several financial institutions. The derivatives [...]
Aura Minerals Inc. is pleased to announce the Q3 2023 preliminary production results from the Company's four operating mines: Aranzazu Mine, Ernesto/Pau-a-Pique Mine , San Andres Mine, and Almas Mine. Total production during Q3 2023 reached 64,875 gold equivalent ounces 1. Production increased in all operating mines vs. the previous quarter. Highlights Total production in GEO increased by 34% in Q3 2023 compared to Q2 [...]
Aura Minerals Inc. is pleased to announce that management will present at the 35th Annual Gold Forum Americas Conference in Colorado, Springs, Colorado taking place on September 17th to 20th, 2023 at the Broadmoor Hotel. Gold Forum Americas, held by the Denver Gold Group, is the world's most prestigious precious metals equities investment forum. Kleber Cardoso, the Company's CFO will lead the presentation in the [...]
Aura Minerals Inc. is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company . The Company's shares trade on the OTCQX® Best Market under the symbol "ORAAF". The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded [...]
Aura Minerals Inc. is pleased to announce that its Board of Directors has approved the construction of the Borborema project . In addition, the Board has authorized Aura's indirect wholly owned subsidiary Cascar do Brasil Ltda. to enter in a credit facility for approximately US$100 million with Banco Santander, S.A. to partially fund the construction of the Project. Rodrigo Barbosa, President and CEO of Aura, comments [...]
Aura Minerals Inc. is pleased to announce that commercial production has been achieved at its Almas gold mine effective as of August 31, 2023. Almas mill is operating above 100% of the design capacity, processing 4,000 tonnes per day, with recoveries consistently above 90% and ranging up to 92%. Approximately 4,661 ounces of gold were produced in August, with gross revenues of approximately US$ 9 million recognized in the [...]
Aura Minerals Inc. is pleased to announce the results of the Feasibility Study for the Borborema Project located in Rio Grande do Norte, Brazil. Borborema will be an open-pit gold mine with anticipated production of 748,000 ounces of gold over an initial 11.3-year mine life, with additional production upside. The technical report titled "Feasibility Study for the Borborema Project, Currais Novos Municipality, Rio Grande [...]
Aura Minerals Inc. is pleased to announce the first gold pour at Almas Mine on August 10, 2023. Since the commencement of production on April 23, approximately 152.00 tons of ore was processed, 46,000 in June and 106,000 tons in July from the Paiol pit, nearing the nominal capacity of 114,000 tons per month. The commissioning of the mill is ongoing and above Aura's expectations with commercial production anticipated in [...]
