Latest news with #Aura
Global News
4 hours ago
- Business
- Global News
Club owners want compensation for repeated damage from Vancouver social housing
Two Vancouver nightclub owners struggling to survive amid a 'flood' of problems are seeking compensation in the form of rent relief from the provincial government, claiming their extensive, ongoing losses and damages have been caused by policies that moved people from encampments into the Granville Entertainment District during the COVID-19 pandemic. Within a 36-hour period between Friday, April 18 and Saturday, April 19, Alan Goodall said his bar was subject to four separate floods from the former Howard Johnson hotel at 1176 Granville Street. The final deluge occurred at 11:30 p.m. on the club's busiest night of the week, forcing Goodall to mop the floor of his VIP section during operating hours. 2:18 Former hotel on Granville Street now permanent supportive housing in Downtown Vancouver 'Those two tables, they're our best tables on a Saturday night, prime time, and they were unusable,' said Goodall, adding that most people don't understand nightclubs have a very small window to make all the money for the month. Story continues below advertisement 'If you take away two of those hours, or three of those hours because of flooding, it affects you.' Goodall's nightclub, Aura, is the ground-level tenant in the building purchased by BC Housing for $55 million in June 2020 to house residents who'd previously lived in encampments at Strathcona and Oppenheimer Parks. 'I've been dealing with the residents flooding my business for five years now,' said Goodall, who estimates he's dealt with more than 200 floods since the Howard Johnson became supportive housing. The most recent flood occurred Friday afternoon around the back bar area, hours before Aura was set to open its doors for the night. 'We've both suffered multi-six-figure damages,' Cabana nightclub owner Dave Kershaw told Global News. Across the street from Aura, Kershaw said his bar is also getting inundated by the B.C.-government-owned St. Helen's Hotel at 1161 Granville Street. 2:39 B.C. government responds to claims Granville strip is in crisis Kershaw said his club has been hit with approximately one dozen water incidents since March, one of which was a fire which set off sprinklers and flooded his VIP room and back stairwell. Story continues below advertisement Some of the damage is latent, he said, as water seeps through the flooring and is only discovered when the floor starts to lift weeks later. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Kershaw said he's had to close his VIP section for six weeks to repair soaked flooring. In another chaotic incident, a bucket of human feces came out of a window of the St. Helen's and landed on Cabana's AC unit, he said, forcing more repairs. 'The constant leaking, the open drug use, things being flung from windows to the street onto customers — that never happened up (until) 2020,' said Kershaw. Statistics provided by Vancouver Fire Rescue Services (VFRS) show calls to the former Howard Johnson hotel jumped 157 per cent, from 91 in 2020, to 234 in 2024. While calls to the St. Helen's Hotel went down slightly in 2022 and 2024, they still increased from 40 in 2020 to 329 last year, a 722.5 per cent spike. VFRS said it does not track flooding, however, if sprinklers are activated, they would be called for an alarm-activated call or fire. 3:04 Non-profit group defends operation of controversial Vancouver SRO It added that it has been working with BC Housing to reduce the number of fires and alarms in these two buildings. Story continues below advertisement Citing ongoing challenges, the bar owners are seeking immediate rent relief from BC Housing for the remainder of 2025. 'We think it would be fair and then moving forward, some sort of reduction in our rent rates to reflect the environment that has been created by moving people from encampments up to Granville Street,' said Kershaw. 'We're asking them to do the right thing, what we're asking for is not unreasonable, it's not crazy.' 'In terms of compensation, I'm not even really sure what it is, but it's a lot,' added Goodall. 'I've dealt with a lot.' When asked if he agreed these businesses should be compensated for losses and damages caused by provincial government policies, B.C.'s housing minister did not directly answer. 'I know it's a challenge for those businesses, but we also ensure that dollars are spent to fix them up when there's a flood,' Ravi Kahlon told Global News in an interview. 'BC Housing works with our partners to go in and fix that flood. I know that these businesses also have their own insurance to ensure that if they're impacted by fire and flood, that they're covered.' That answer got a cool reception from the club operators. 'With 200 floods, I can't make 200 claims,' Goodall responded. 'There's no way that anybody would insure me.' Story continues below advertisement When pressed on whether there's a realization this situation is different than just a normal flood and is caused by policy decisions rather than a faulty water pump, Kahlon said he disagreed. 'Well, not necessarily, you can have floods in any building, in fact, we see floods and fires in buildings unfortunately across the province, and it's not linked to a specific population,' the housing minister said. 'This is a specific challenge, we acknowledge there was a flood and BC Housing's taking steps to fix that flood with partnership of the business owner.' 2:33 SRO resident rescued from Vancouver nightclub air duct Goodall acknowledged BC Housing has stepped up to fix some of the issues, including repairing his dance floor ceiling, which he said restoration crews had previously warned could collapse at any point. The entire ceiling had to be ripped out and fully replaced, he said, leaving 50 employees out of work without any advance notice, as the club was closed and under heavy construction for 16 days last month. Story continues below advertisement 'It was probably a $200,000 job, and that was the result of one resident setting off their sprinkler heads twice within a three-week period,' said Goodall. Since June 2020, BC Housing has spent a total of $2.59 million on building repairs and remediation. $1.87 million at the Luugat or former Howard Johnson and about $729,000 at the St. Helen's Hotel. The work, said BC Housing, includes water damage and flooding repairs, fire restoration, elevator repairs, and securing life safety features such as alarms, security cameras or sprinklers. 'We have been working closely with Atira, Community Impact Real Estate Society (CIRES) and the owners of Aura nightclub to address any damage related to building operations at Luugat,' said BC Housing in an emailed statement. 'To keep spending a ton of money on restoration, to put a Band-Aid on it doesn't make any sense,' said Kershaw. 'They need to address the root of the problem, which is the people in these units now need a higher level of care than what they're getting, which is they're not getting any care, they've been put into a room.' 'These floods aren't stopping,' said Goodall. 'I've had three of my ceilings cave in. When's the next ceiling going to cave in?' Contractors are currently tearing out the ceiling above Aura's VIP bar, after Goodall said the area sustained heavy flooding on May 27 as a result of sprinkler heads being set off in the room above. Story continues below advertisement Extensive mould was discovered once the damaged ceiling was opened up, he said. Despite the ongoing setbacks, Goodall and Kershaw said relocation is not an option because moving a nightclub and primary liquor licence is a multi-seven-figure undertaking, with no revenue during the construction to approval process, if you get approved. Kershaw has owned Cabana since 2010, while Goodall has been in his space for 16 years. Both have battled adversity – including surviving the COVID-19 pandemic – and are committed to seeing Granville Street revived as an entertainment destination. 'It's in my blood to do whatever I can to fight for my business,' said Goodall. 'It's my bab,y and I've been here a long time.'
Yahoo
14 hours ago
- Business
- Yahoo
Aura Launches "Lifetime of Protection" Ad Featuring Robert Downey Jr. to Spotlight The Need for Protection at Every Stage of Life
Produced under the creative direction of Joe Russo, co-founder of AGBO; and directed by AGBO's Ryan McNeely, the spot shows Downey aging from childhood to senior years using specialized VFX underpinned by artificial intelligence and machine learning. BOSTON, June 3, 2025 /PRNewswire/ -- Today, Aura, the leading AI-powered online safety solution for individuals and families, launched a new commercial titled "A Lifetime of Protection" showcasing the company's commitment to helping families navigate online risks throughout every stage of their lives, from protecting children from cyberbullying, online predators and the mental health impacts of technology to protecting older adults from telephone and text scams, identity theft and bank fraud. "The digital world is evolving faster than ever, and every new device or app introduces new kinds of threats," said Hari Ravichandran, founder and CEO of Aura. "At Aura, we understand that online safety needs adapt as people move through different life stages. Our platform is built to grow alongside your family—whether protecting a child when they get their first phone or intervening before an aging grandparent is targeted with a scam." Featuring Robert Downey Jr., "A Lifetime of Protection" was created in collaboration with AGBO co-founder and acclaimed filmmaker Joe Russo. The cinematic ad uses advanced AI and machine learning to de-age and then age Downey as he walks through an illustration of a full life, protected from a myriad of evolving digital risks. The commercial showcases Aura's role, at the users' side, throughout all life's twists and turns. The spot will run on streaming platforms and during high-impact TV moments throughout the year and follows the release of new AI tools designed to help parents safeguard their children from online harm. "The surge in online crime in recent years is alarming," said Downey. "Protecting our families, friends, and neighbors requires genuine innovation, so it's reassuring to know there's a resource available that looks out for all of the people we love at every stage of our digital worlds." "The concept behind this commercial is beautiful– the idea that this app can protect you through all stages of life is powerful," said Russo. "I enjoyed bringing that symbolism to life on screen. What made it even more compelling was that we did so using the same AI technology Aura uses to protect families every day. It's rare when both the method and the message align so seamlessly on screen." A Platform That Grows With YouAura's "Lifetime of Protection" ad highlights its all-in-one approach to digital safety—offering AI-powered protection that evolves with your family's needs. Whether it's helping parents manage screen time and spot signs of cyberbullying, shielding adults from identity theft and financial fraud, or keeping seniors safe from scams with a simple interface, Aura adapts to every stage of life. As online threats evolve to include not just stolen data but emotional harms like cyberbullying and body image issues, Aura is redefining what protection means—giving families deeper insight into their digital lives and overall wellbeing. "At Aura, we believe your safety should grow with your family," said Hari Ravichandran. "This is more than a product—it's a lifelong promise." To learn more about how Aura can protect you and your family, visit About Aura:Aura is one of the fastest-growing online safety solutions for individuals and families. Whether you're protecting yourself, your kids or your aging loved ones, Aura meets your needs at every stage of life. From real-time threat detection and scam alerts to tools that help parents protect their kids from predators, cyberbullying and tech-driven mental health risks – Aura empowers families to thrive in the digital world. Learn more at About AGBO:AGBO is an Academy Award-Winning independent studio focused on developing and producing intellectual property universes spanning film, TV, gaming, and publishing. The "Lifetime of Protection" spot was directed by Ryan McNeely, who oversees AGBO's Animation and Virtual Production Studios. Superconductor (the creative agency founded by the Russo Brothers and Justin Lin) wrote and developed the spot. The project was creatively overseen in production and post by AGBO Co-Founder and acclaimed filmmaker Joe Russo, who served as Creative Director. For information about AGBO, visit and for information about Superconductor, visit View original content to download multimedia: SOURCE Aura Sign in to access your portfolio
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Aura Minerals Agrees to Acquire the Mineração Serra Grande Gold Mine in Goiás, Brazil
ROAD TOWN, British Virgin Islands, June 02, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') is pleased to announce that Aura, AngloGold Ashanti plc ('AngloGold') and a wholly owned subsidiary of Aura have entered into a Share Purchase Agreement (the 'SPA') pursuant to which Aura's wholly owned subsidiary will acquire from AngloGold all of the issued and outstanding securities of Mineração Serra Grande S.A. ('MSG'), owner of the Mineração Serra Grande gold mine located in Crixás, in the state of Goiás, Brazil (the 'Transaction'). Transaction Highlights: The closing of the Transaction is expected to happen by Q3 2025, and no later than Q4 2025. Rodrigo Barbosa, President and CEO of Aura, stated: 'AngloGold has built a strong reputation for developing and operating world-class mines. Serra Grande, located in one of Brazil's most prominent greenstone belts, has, according to AngloGold, produced over 3 million Oz since 1998 with a peak production of 193,000 Oz in 2006, underscoring its significant potential. As a nimble company with a proven turnaround track record (e.g., Apoena and Aranzazu) and a team with significant previous knowledge of Serra Grande, Aura is well positioned to unlock the mine's potential. Through our disciplined capital allocation, Aura 360 culture, and a targeted exploration program, we believe we can significantly enhance performance, boost production, reduce costs, and extend the Life of Mine at Serra Grande, which could result in Serra Grande becoming a cornerstone of our portfolio.' ABOUT MSG MSG is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant with an annual capacity of 1.5 Mt. AngloGold's existing Mineral Resource and Mineral Reserve Report dated as of December 31, 2024, filed on AngloGold's website, disclosed total Measured and Indicated Resource of 10.75 Mt gold, at an average grade of 3.14 g/t gold for 1.08 Moz of gold, along with Inferred Mineral Resource of 12.95 Mt gold at an average grade of 3.39 g/t for 1.4 Moz of gold. Aura considers the reported mineral resources as 'historical estimates' and does not treat such mineral resources as current. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources under 43-101 – Standard of Disclosure for Mineral Projects ('NI 43-101') or comment on the reliability of the historic resources or what work needs to be done to upgrade or verify the historical estimates as current. In addition, Aura cannot confirm if such classifications are compatible with, or directly comparable to, the requirements of NI 43-101. According to AngloGold, in 2024, MSG produced 80 kOz of gold (2023: 86 kOz). Advisers and Counsel BofA Securities is acting as exclusive financial adviser to Aura, and Demarest Advogados is acting as Brazilian law adviser and Gowling WLG (UK) LLP is acting as English law adviser to Aura. Qualified Person The scientific and technical information contained within this news release has been reviewed and approved by Farshid Ghazanfari, a qualified person as defined in NI 43-101. About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase. Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as 'plans,' 'expects,' 'is expected,' 'budget,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'anticipates,' or 'believes' or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved. Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements and all forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained in the press release include, but are not limited to, statements relating to: the completion of the Transaction; timing for the completion of the Transaction; consideration payable under the Transaction; entry into the net smelter returns deferred consideration agreement; completion of the MSG Subsidiaries Transfer; fulfillment of the conditions precedent to the Transaction; enhancing performance, boosting production, reducing costs, and extending the Life of Mine at Serra Grande and the potential for Serra Grande to become a cornerstone of Aura's portfolio. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
Business Wire
2 days ago
- Business
- Business Wire
AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc ('AngloGold Ashanti', 'AGA' or the 'Company') has agreed to sell its interest in Mineração Serra Grande mine ('MSG') located in the state of Goiás, Brazil, to Aura Minerals Inc. ('Aura'). The Company will sell Mineração Serra Grande S.A. ('Sale'), which owns MSG to a Brazilian incorporated affiliate of Aura ('Purchaser') for the following consideration: A cash consideration of $76 million on closing subject to certain working capital adjustments as at the closing date; and Deferred Consideration Payments equivalent to a 3% net smelter returns participation over the current Mineral Resource of MSG inclusive of the Mineral Reserve – these Deferred Consideration Payments will be paid quarterly in cash. The recent focus at MSG has been on stabilizing the operations including the decommissioning of the legacy tailings storage facility ('TSF Decharacterization') which is nearing completion. However, MSG remains one of AGA's higher cost and its smallest operation by production. 'This sale ensures we further sharpen our focus on capital allocation, operating efficiencies and the optimization of our portfolio,' said AngloGold Ashanti CEO Alberto Calderon. 'We've also worked hard to ensure that MSG and its excellent team joins an established company which will continue to be responsible stewards of this asset for the benefit of all stakeholders.' The Sale excludes certain subsidiaries of Mineração Serra Grande S.A which hold assets that do not form part of MSG's mining operations and include properties. These will remain in the AGA group and will be transferred from under Mineração Serra Grande S.A. by means of a spin-off prior to closing ('MSG Subsidiaries Transfer'). The Disposal is subject to the fulfilment of the following conditions: i. Anti-trust approval from the Brazilian authorities (CADE); ii. The completion of the TSF Decharacterization work; iii. The completion of the MSG Subsidiaries Transfer; and iv. No Material Adverse Event occurring prior to closing. It is expected that all the conditions will be fulfilled, and the Sale is expected to close during Q3 2025. ABOUT MSG MSG is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant with an annual capacity of 1.5 Mt. As at 31 December 2024, MSG has an exclusive Measured & Indicated Mineral Resource of 1.08 Moz at an average grade of 3.14 g/t, an exclusive Inferred Mineral Resource of 1.41 Moz at an average grade of 3.39 g/t and Proven & Probable Mineral Reserve of 0.37 Moz at an average grade of 2.72 g/t. In 2024, MSG produced 80 koz of gold (2023: 86 koz). ABOUT AURA Aura is incorporated in the British Virgin Islands and is listed on the Toronto Stock Exchange and the Brazil Stock Exchange (B3). Aura is a high growth mid-tier gold and copper producer operating five mines across the Americas: a copper-gold-silver mine in Mexico, three gold mines in Brazil, and a gold mine in Honduras. In addition, Aura holds two development projects in Brazil and recently acquired a gold development asset in Guatemala. Forward-looking statements Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as 'believe', 'expect', 'aim', 'anticipate', 'intend', 'foresee', 'forecast', 'predict', 'project', 'estimate', 'likely', 'may', 'might', 'could', 'should', 'would', 'seek', 'plan', 'scheduled', 'possible', 'continue', 'potential', 'outlook', 'target' or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
Yahoo
2 days ago
- Business
- Yahoo
AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine
LONDON & DENVER & JOHANNESBURG, June 02, 2025--(BUSINESS WIRE)--AngloGold Ashanti plc ("AngloGold Ashanti", "AGA" or the "Company") has agreed to sell its interest in Mineração Serra Grande mine ("MSG") located in the state of Goiás, Brazil, to Aura Minerals Inc. ("Aura"). The Company will sell Mineração Serra Grande S.A. ("Sale"), which owns MSG to a Brazilian incorporated affiliate of Aura ("Purchaser") for the following consideration: A cash consideration of $76 million on closing subject to certain working capital adjustments as at the closing date; and Deferred Consideration Payments equivalent to a 3% net smelter returns participation over the current Mineral Resource of MSG inclusive of the Mineral Reserve – these Deferred Consideration Payments will be paid quarterly in cash. The recent focus at MSG has been on stabilizing the operations including the decommissioning of the legacy tailings storage facility ("TSF Decharacterization") which is nearing completion. However, MSG remains one of AGA's higher cost and its smallest operation by production. "This sale ensures we further sharpen our focus on capital allocation, operating efficiencies and the optimization of our portfolio," said AngloGold Ashanti CEO Alberto Calderon. "We've also worked hard to ensure that MSG and its excellent team joins an established company which will continue to be responsible stewards of this asset for the benefit of all stakeholders." The Sale excludes certain subsidiaries of Mineração Serra Grande S.A which hold assets that do not form part of MSG's mining operations and include properties. These will remain in the AGA group and will be transferred from under Mineração Serra Grande S.A. by means of a spin-off prior to closing ("MSG Subsidiaries Transfer"). The Disposal is subject to the fulfilment of the following conditions: i. Anti-trust approval from the Brazilian authorities (CADE);ii. The completion of the TSF Decharacterization work;iii. The completion of the MSG Subsidiaries Transfer; andiv. No Material Adverse Event occurring prior to closing. It is expected that all the conditions will be fulfilled, and the Sale is expected to close during Q3 2025. ABOUT MSG MSG is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant with an annual capacity of 1.5 Mt. As at 31 December 2024, MSG has an exclusive Measured & Indicated Mineral Resource of 1.08 Moz at an average grade of 3.14 g/t, an exclusive Inferred Mineral Resource of 1.41 Moz at an average grade of 3.39 g/t and Proven & Probable Mineral Reserve of 0.37 Moz at an average grade of 2.72 g/t. In 2024, MSG produced 80 koz of gold (2023: 86 koz). ABOUT AURA Aura is incorporated in the British Virgin Islands and is listed on the Toronto Stock Exchange and the Brazil Stock Exchange (B3). Aura is a high growth mid-tier gold and copper producer operating five mines across the Americas: a copper-gold-silver mine in Mexico, three gold mines in Brazil, and a gold mine in Honduras. In addition, Aura holds two development projects in Brazil and recently acquired a gold development asset in Guatemala. Forward-looking statements Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. View source version on Contacts Media Andrea Maxey +61 08 9425 4603 / +61 400 072 199 amaxey@ General inquiries media@
