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Aura Minerals Announces the Results of the Preliminary Economic Assessment for the Era Dorada Project
ROAD TOWN, British Virgin Islands, June 09, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF) ('Aura' or the 'Company') is pleased to announce that the Company has filed a preliminary economic assessment for the Company's wholly owned Era Dorada Project ('Era Dorada' or 'Project', which project was previously known as the Cerro Blanco Project), in the United States in accordance with S-K 1300.1 In January 2025, Aura completed the acquisition of Bluestone Resources Inc. ('Bluestone'), which was the 100% owner of Era Dorada (or Cerro Blanco as it was known then), located in Jutiapa, Guatemala, near the town of Asunción Mita and border with El Salvador. Please see our press release dated January 13, 2025 for additional information on the acquisition. Highlights: Indicated Mineral Resources of 1.9 million ounces of gold, assuming 6.35 million tonnes at 9.31 grams per tonne. Total production of approximately 1.4 million ounces of gold over a 17 years Life of Mine ('LOM'). Average production of 91k ounces of gold for the first 4 years. Total initial implementation capex of approximately US$264 million with a payback in approximately 3.5 years after the beginning of the operation. After-tax Net Present Value ('NPV') of US$485 million when using the weighted average consensus gold prices for the projected period of US$ 2,410 per ounce. After-tax Project IRR of 24% when using the weighted average consensus gold prices for the projected period. US$ 1,072.4/oz average Cash Cost. Main assumptions used for the base: Gold price (per ounce): US$ 2,410 Exchange rate (GTC/USD): 7.75 Guatemalan Government Royalty: (% of gross revenues): 5% Income taxes: 25% Discount rate: 5% Rodrigo Barbosa, President and CEO of Aura, comments: "We are excited to announce the Preliminary Economic Assessment (PEA) for Era Dorada, a key addition to our portfolio of development projects acquired early this year. Following our approach with the development of Almas and Borborema projects, we are actively collaborating with local authorities and government agencies to ensure Era Dorada meets the highest environmental and social standards under our Aura 360 culture. The PEA delivers strong economics for the licensed underground project, with a Capex of US$ 264 million, an after-tax NPV of US$ 485 million and an unleveraged after-tax IRR of 24% at a gold price of US$2,410 / Oz.' The Era Dorada PEA contemplates the potential development of Era Dorada as an underground mine. Era Dorada Project The Project is located in southeast Guatemala, in the Department of Jutiapa, approximately 160 km by road from the capital, Guatemala City and approximately 9 km west of the border with El Salvador. The nearest town to the Project is Asunción Mita, a community of about 18,500 people situated approximately 7 km west of the Project. The exploitation license covers 15.25 km2 and lies entirely in the municipality of Asunción Mita. Era Dorada is not considered to be a property material to Company for the purposes of NI 43-101. The Era Dorada Project site is accessible year-round via the Pan-American Highway (CA1) through Asunción Mita, with flat to rolling hill topography. The climate is tropical dry forest, with elevations of 450–560 masl, a wet season from May to October, 1,350 mm annual rainfall, temperatures ranging from 10°C to 41°C, 2,530 mm annual pan evaporation, and 62% average humidity. The site is near communities, including Asunción Mita (18,500 population), and the La Baranca power substation (20 MW capacity) a few kilometers south. No prior mining exists in the area, but the closure of Goldcorp's Marlin Mine in 2017 provides access to trained Guatemalan labor. The project plans to hire locally, with training costs included in the budget. Gold prices (US$/oz) -20% -10% 0% +10% +20% 1,928 2,169 2,410 2,651 2,892 After-tax Project NPV US$ million 171 328 485 643 800 After-tax Project IRR % p.a. 12% 18% 24% 29% 34% Geology, Mineralization and Drilling The Era Dorada was identified by Mar-West by sampling of densely silicified boulders. In October 1998, Mar-West's holdings in Honduras and Guatemala were purchased by Glamis Gold Ltd. In November 2006, Goldcorp Inc. became the sole proprietor of the Project through the purchase of Glamis Gold. Goldcorp undertook a comprehensive exploration program from 2006-2012 including additional surface exploration, over 3.4 km of underground development, and 43,016 meters of surface and underground drilling. On January 4, 2017, Bluestone entered into an agreement with Goldcorp to acquire 100% of the Project. As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the property since the acquisition from Goldcorp. The Era Dorada Gold Project is a low-sulphidation epithermal gold-silver deposit in the Cerro Blanco district, part of a Miocene-Pliocene volcanic arc in Central America. It features high-grade vein and low-grade disseminated mineralization. High-grade mineralization occurs in the Mita unit as two vein swarms (North and South Zones) with over 60 veins, merging into basal feeder veins, and is concealed by the 100 m thick Salinas Unit of volcanogenic sediments and sinters. Low-grade mineralization is hosted in silicified conglomerates and dacite/rhyolite domes within the Salinas cap rocks. The deposit includes high and low-angle chalcedony-quartz veins with bonanza-grade gold, particularly where adularia is prominent, over a 400 m vertical profile (150–450 masl). Calcite-dominated veins mark the mineralization limit at depth, with some high-gold values in silicified structures. The Salinas Group includes thin hot spring deposits linked to underlying gold-silver quartz veins. The deposit lies under a 400 m x 920 m hill, with gold-bearing structures extending 2 km northwest within a hydrothermal alteration zone. Drilling shows significant intercepts, e.g., 203.8 m at 2.3 g Au/t and 8.1 g Ag/t (CB20-420) and 87.2 m at 5.9 g Au/t and 32.5 g Ag/t (UGCB18-89). Gold and silver deposition occurred via multi-stage veining with 'crack and seal' pulses and boiling/flashing events near the paleosurface. Approximately 99% of gold is in electrum, with minor native gold and kustelite. The deposit's pristine nature is indicated by minimal post-mineral displacement and a +400 m vertical grade profile. Discovered by Mar-West in 1998 through silicified boulder sampling, the project was acquired by Glamis Gold, then Goldcorp in 2006, which conducted extensive exploration (2006–2012), including 43,016 m of drilling and 3.4 km of underground development. Bluestone acquired the project in 2017. As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the property since the acquisition from Goldcorp. Summary of Drilling Year Company Holes Drilled Meters 1998 Mar-West 9 1,340 1999 Glamis 48 7,074 2000 Glamis 18 3,525 2002 Glamis 23 6,525 2004 Glamis 42 9,370 2005 Glamis 120 29,065 2006 Glamis 67 15,129 2007 Goldcorp 47 12,373 2008 Goldcorp 2 586 2009 Goldcorp 1 140 2010 Goldcorp 10 2,277 2011 Goldcorp 28 5,898 2012 Goldcorp 96 21,370 2017 Bluestone 8 2,324 2018 Bluestone 74 13,993 2019 Bluestone 61 8,403 2020 Bluestone 74 15,172 2021 Bluestone 50 5,833 Total 778 160,397 Mineral Resource Estimates The Era Dorada Gold Project is a low-sulphidation epithermal gold-silver deposit with high-grade vein and low-grade disseminated mineralization. High-grade mineralization in the Mita unit forms two vein swarms (North and South Zones) merging into basal feeder veins, with intercepts like 15.5 m at 21.4 g Au/t and 52 g Ag/t. Bonanza grades are associated with ginguru banding and carbonate replacement textures, with <3% sulphide content. Low-grade mineralization (0.3–3.0 g Au/t) surrounds high-grade veins. The Mita rocks are overlain by the 100 m thick Salinas unit, hosting low-grade mineralization (0.3–1.5 g Au/t) in silicified conglomerates and rhyolite breccias. Exploration follows CIM Mineral Exploration Best Practice Guidelines (2019). The resource estimate by Garth Kirkham, P. Geo., conforms to CIM standards, with 130,307 gold assays (153,078 m, 0.68 g/t average) and 130,238 silver assays (153,003 m, 3.75 g/t average). Bulk density is assigned by lithology and vein on a block-by-block basis. The estimate was completed using MineSight™ software using a 3D block model (5 m by 5 m by 5 m and 1 m by 1 m by 1 m sub-blocks). Interpolation parameters have been derived based on geostatistical analyses conducted on 1.5-meter composited drill holes. Block grades have been estimated using ordinary kriging (OK) methodology and the mineral resources have been classified based on proximity to sample data and the continuity of mineralization in accordance with NI 43-101, CIM's 'Definition Standards for Mineral Resources and Mineral Reserves' dated May 19, 2014, and 'CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines' dated November 29, 2019. Resource Estimate using 2.25 g Au/t Cut-off Resource Category Tonnes (kt) Au Grade (g/t) Ag Grade (g/t) Contained Gold (koz) Contained Silver (koz) Measured Indicated 6,349 9.31 31.54 1,901 6,439 Measured & Indicated 6,349 9.31 31.54 1,901 6,439 Inferred 605 6.02 19.68 117 383 Notes: Mineral Resources are reported in in accordance with NI 43-101. Mineral resource estimates have been prepared by Garth Kirkham, a Qualified Person as defined by NI 43-101. The Mineral Resource estimate is reported on a 100% ownership basis. Underground mineral resources are reported at a cut-off grade of 2.25 g Au/t. Cut-off grades are based on a assumed metal prices of US$2,500/oz gold and US$28/oz silver, and assumed metallurgical recovery, mining, processing, and G&A costs. Mineral Resources are reported without applying mining dilution, mining losses, or process losses. Resources are constrained within underground shapes based on reasonable prospects of economic extraction, in accordance with NI 43-101. Reasonable prospects for economic extraction were met by applying mining shapes with a minimum mining width of 2.0 m, ensuring grade continuity above the cut-off value, and by excluding non-mineable material prior to reporting. Metallurgical recoveries reported as the average over the life of mine and are assumed to be 96% Au and 85% Ag, respectively. Bulk density is estimated by lithology and averages 2.47, 2.57 and 2.54 g/cm3 for the Salinas, Mita and mineralized vein domains, respectively. Mineral resources are classified as Indicated, and Inferred based on geological confidence and continuity, spacing of drill holes, and data quality. Effective date of the mineral resource estimate is December 31, 2024. Tonnage, grade, and contained metal values have been rounded. Totals may not sum due to rounding. Mineral resources are not mineral reserves and do not have demonstrated economic viability. In addition, there has been mixed grade material mined during the creation of the extensive, existing ramp network which has been stockpiled adjacent to North Ramp entrance. The table shows the volume and tonnage based on an unconsolidated specific gravity of 2.0 gm/cm3 along with gold and silver grades and metal content. These resources are classified as measured. Stockpile Resource Estimate (Measured Resource) Volume (BCM) Mine (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) 14,863 29,726 5.35 22.59 5,108 21,590 Notes: Mineral Resources are reported in in accordance with NI 43-101. Mineral resource estimates have been prepared by Garth Kirkham, a Qualified Person as defined by Ni 43-101. The Mineral Resource estimate is reported on a 100% ownership basis. Mineral Resources are reported without applying mining dilution, mining losses, or process losses. Resources are constrained within bounding surfaces based on reasonable prospects of economic extraction, in accordance with NI 43-101. Reasonable prospects for economic extraction were met by applying mining shapes with a minimum mining width of 2.0 m, ensuring grade continuity above the cut-off value, and by excluding non-mineable material prior to reporting. Metallurgical recoveries reported as the average over the life of mine and are assumed to be 96% Au and 85% Ag, respectively. Bulk density is estimated f at 2.00 g/cm3 for the Stockpile material. Mineral resources are classified as Measured based continuity, spacing of drill holes and data quality. Effective date of the mineral resource estimate is December 31, 2024. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Qualified Persons The technical content of this press release has been reviewed and approved by the QPs who were involved with preparation of the Era Dorada PEA study: Garth Kirkham, Homero Delboni Jr. and Porfririo Cabaleiro Rodriguez. QPs are not aware of any known political, legal, environmental or other risks that could materially affect the project development. 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. For further information, please visit Aura's website at or contact: Investor Relations ri@ 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. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The press release includes forward-looking statements relating, but not limited to, the following: the filing of the Era Dorada PEA and the timing of same; the preparation of a full Feasibility Study for Era Dorada and the timing of same; collaboration with local authorities and governmental agencies; economic viability of Era Dorada; evaluation of alternative mining methods for Era Dorada; the operation of Era Dorada; and mineral resource estimates. 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. 1 The Company does not consider Era Dorada to be a property material to Aura for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101').Sign in to access your portfolio
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Aura Minerals Announces the Results of the Preliminary Economic Assessment for the Era Dorada Project
ROAD TOWN, British Virgin Islands, June 09, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF) ('Aura' or the 'Company') is pleased to announce that the Company has filed a preliminary economic assessment for the Company's wholly owned Era Dorada Project ('Era Dorada' or 'Project', which project was previously known as the Cerro Blanco Project), in the United States in accordance with S-K 1300.1 In January 2025, Aura completed the acquisition of Bluestone Resources Inc. ('Bluestone'), which was the 100% owner of Era Dorada (or Cerro Blanco as it was known then), located in Jutiapa, Guatemala, near the town of Asunción Mita and border with El Salvador. Please see our press release dated January 13, 2025 for additional information on the acquisition. Highlights: Indicated Mineral Resources of 1.9 million ounces of gold, assuming 6.35 million tonnes at 9.31 grams per tonne. Total production of approximately 1.4 million ounces of gold over a 17 years Life of Mine ('LOM'). Average production of 91k ounces of gold for the first 4 years. Total initial implementation capex of approximately US$264 million with a payback in approximately 3.5 years after the beginning of the operation. After-tax Net Present Value ('NPV') of US$485 million when using the weighted average consensus gold prices for the projected period of US$ 2,410 per ounce. After-tax Project IRR of 24% when using the weighted average consensus gold prices for the projected period. US$ 1,072.4/oz average Cash Cost. Main assumptions used for the base: Gold price (per ounce): US$ 2,410 Exchange rate (GTC/USD): 7.75 Guatemalan Government Royalty: (% of gross revenues): 5% Income taxes: 25% Discount rate: 5% Rodrigo Barbosa, President and CEO of Aura, comments: "We are excited to announce the Preliminary Economic Assessment (PEA) for Era Dorada, a key addition to our portfolio of development projects acquired early this year. Following our approach with the development of Almas and Borborema projects, we are actively collaborating with local authorities and government agencies to ensure Era Dorada meets the highest environmental and social standards under our Aura 360 culture. The PEA delivers strong economics for the licensed underground project, with a Capex of US$ 264 million, an after-tax NPV of US$ 485 million and an unleveraged after-tax IRR of 24% at a gold price of US$2,410 / Oz.' The Era Dorada PEA contemplates the potential development of Era Dorada as an underground mine. Era Dorada Project The Project is located in southeast Guatemala, in the Department of Jutiapa, approximately 160 km by road from the capital, Guatemala City and approximately 9 km west of the border with El Salvador. The nearest town to the Project is Asunción Mita, a community of about 18,500 people situated approximately 7 km west of the Project. The exploitation license covers 15.25 km2 and lies entirely in the municipality of Asunción Mita. Era Dorada is not considered to be a property material to Company for the purposes of NI 43-101. The Era Dorada Project site is accessible year-round via the Pan-American Highway (CA1) through Asunción Mita, with flat to rolling hill topography. The climate is tropical dry forest, with elevations of 450–560 masl, a wet season from May to October, 1,350 mm annual rainfall, temperatures ranging from 10°C to 41°C, 2,530 mm annual pan evaporation, and 62% average humidity. The site is near communities, including Asunción Mita (18,500 population), and the La Baranca power substation (20 MW capacity) a few kilometers south. No prior mining exists in the area, but the closure of Goldcorp's Marlin Mine in 2017 provides access to trained Guatemalan labor. The project plans to hire locally, with training costs included in the budget. Gold prices (US$/oz) -20% -10% 0% +10% +20% 1,928 2,169 2,410 2,651 2,892 After-tax Project NPV US$ million 171 328 485 643 800 After-tax Project IRR % p.a. 12% 18% 24% 29% 34% Geology, Mineralization and Drilling The Era Dorada was identified by Mar-West by sampling of densely silicified boulders. In October 1998, Mar-West's holdings in Honduras and Guatemala were purchased by Glamis Gold Ltd. In November 2006, Goldcorp Inc. became the sole proprietor of the Project through the purchase of Glamis Gold. Goldcorp undertook a comprehensive exploration program from 2006-2012 including additional surface exploration, over 3.4 km of underground development, and 43,016 meters of surface and underground drilling. On January 4, 2017, Bluestone entered into an agreement with Goldcorp to acquire 100% of the Project. As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the property since the acquisition from Goldcorp. The Era Dorada Gold Project is a low-sulphidation epithermal gold-silver deposit in the Cerro Blanco district, part of a Miocene-Pliocene volcanic arc in Central America. It features high-grade vein and low-grade disseminated mineralization. High-grade mineralization occurs in the Mita unit as two vein swarms (North and South Zones) with over 60 veins, merging into basal feeder veins, and is concealed by the 100 m thick Salinas Unit of volcanogenic sediments and sinters. Low-grade mineralization is hosted in silicified conglomerates and dacite/rhyolite domes within the Salinas cap rocks. The deposit includes high and low-angle chalcedony-quartz veins with bonanza-grade gold, particularly where adularia is prominent, over a 400 m vertical profile (150–450 masl). Calcite-dominated veins mark the mineralization limit at depth, with some high-gold values in silicified structures. The Salinas Group includes thin hot spring deposits linked to underlying gold-silver quartz veins. The deposit lies under a 400 m x 920 m hill, with gold-bearing structures extending 2 km northwest within a hydrothermal alteration zone. Drilling shows significant intercepts, e.g., 203.8 m at 2.3 g Au/t and 8.1 g Ag/t (CB20-420) and 87.2 m at 5.9 g Au/t and 32.5 g Ag/t (UGCB18-89). Gold and silver deposition occurred via multi-stage veining with 'crack and seal' pulses and boiling/flashing events near the paleosurface. Approximately 99% of gold is in electrum, with minor native gold and kustelite. The deposit's pristine nature is indicated by minimal post-mineral displacement and a +400 m vertical grade profile. Discovered by Mar-West in 1998 through silicified boulder sampling, the project was acquired by Glamis Gold, then Goldcorp in 2006, which conducted extensive exploration (2006–2012), including 43,016 m of drilling and 3.4 km of underground development. Bluestone acquired the project in 2017. As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the property since the acquisition from Goldcorp. Summary of Drilling Year Company Holes Drilled Meters 1998 Mar-West 9 1,340 1999 Glamis 48 7,074 2000 Glamis 18 3,525 2002 Glamis 23 6,525 2004 Glamis 42 9,370 2005 Glamis 120 29,065 2006 Glamis 67 15,129 2007 Goldcorp 47 12,373 2008 Goldcorp 2 586 2009 Goldcorp 1 140 2010 Goldcorp 10 2,277 2011 Goldcorp 28 5,898 2012 Goldcorp 96 21,370 2017 Bluestone 8 2,324 2018 Bluestone 74 13,993 2019 Bluestone 61 8,403 2020 Bluestone 74 15,172 2021 Bluestone 50 5,833 Total 778 160,397 Mineral Resource Estimates The Era Dorada Gold Project is a low-sulphidation epithermal gold-silver deposit with high-grade vein and low-grade disseminated mineralization. High-grade mineralization in the Mita unit forms two vein swarms (North and South Zones) merging into basal feeder veins, with intercepts like 15.5 m at 21.4 g Au/t and 52 g Ag/t. Bonanza grades are associated with ginguru banding and carbonate replacement textures, with <3% sulphide content. Low-grade mineralization (0.3–3.0 g Au/t) surrounds high-grade veins. The Mita rocks are overlain by the 100 m thick Salinas unit, hosting low-grade mineralization (0.3–1.5 g Au/t) in silicified conglomerates and rhyolite breccias. Exploration follows CIM Mineral Exploration Best Practice Guidelines (2019). The resource estimate by Garth Kirkham, P. Geo., conforms to CIM standards, with 130,307 gold assays (153,078 m, 0.68 g/t average) and 130,238 silver assays (153,003 m, 3.75 g/t average). Bulk density is assigned by lithology and vein on a block-by-block basis. The estimate was completed using MineSight™ software using a 3D block model (5 m by 5 m by 5 m and 1 m by 1 m by 1 m sub-blocks). Interpolation parameters have been derived based on geostatistical analyses conducted on 1.5-meter composited drill holes. Block grades have been estimated using ordinary kriging (OK) methodology and the mineral resources have been classified based on proximity to sample data and the continuity of mineralization in accordance with NI 43-101, CIM's 'Definition Standards for Mineral Resources and Mineral Reserves' dated May 19, 2014, and 'CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines' dated November 29, 2019. Resource Estimate using 2.25 g Au/t Cut-off Resource Category Tonnes (kt) Au Grade (g/t) Ag Grade (g/t) Contained Gold (koz) Contained Silver (koz) Measured Indicated 6,349 9.31 31.54 1,901 6,439 Measured & Indicated 6,349 9.31 31.54 1,901 6,439 Inferred 605 6.02 19.68 117 383 Notes: Mineral Resources are reported in in accordance with NI 43-101. Mineral resource estimates have been prepared by Garth Kirkham, a Qualified Person as defined by NI 43-101. The Mineral Resource estimate is reported on a 100% ownership basis. Underground mineral resources are reported at a cut-off grade of 2.25 g Au/t. Cut-off grades are based on a assumed metal prices of US$2,500/oz gold and US$28/oz silver, and assumed metallurgical recovery, mining, processing, and G&A costs. Mineral Resources are reported without applying mining dilution, mining losses, or process losses. Resources are constrained within underground shapes based on reasonable prospects of economic extraction, in accordance with NI 43-101. Reasonable prospects for economic extraction were met by applying mining shapes with a minimum mining width of 2.0 m, ensuring grade continuity above the cut-off value, and by excluding non-mineable material prior to reporting. Metallurgical recoveries reported as the average over the life of mine and are assumed to be 96% Au and 85% Ag, respectively. Bulk density is estimated by lithology and averages 2.47, 2.57 and 2.54 g/cm3 for the Salinas, Mita and mineralized vein domains, respectively. Mineral resources are classified as Indicated, and Inferred based on geological confidence and continuity, spacing of drill holes, and data quality. Effective date of the mineral resource estimate is December 31, 2024. Tonnage, grade, and contained metal values have been rounded. Totals may not sum due to rounding. Mineral resources are not mineral reserves and do not have demonstrated economic viability. In addition, there has been mixed grade material mined during the creation of the extensive, existing ramp network which has been stockpiled adjacent to North Ramp entrance. The table shows the volume and tonnage based on an unconsolidated specific gravity of 2.0 gm/cm3 along with gold and silver grades and metal content. These resources are classified as measured. Stockpile Resource Estimate (Measured Resource) Volume (BCM) Mine (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) 14,863 29,726 5.35 22.59 5,108 21,590 Notes: Mineral Resources are reported in in accordance with NI 43-101. Mineral resource estimates have been prepared by Garth Kirkham, a Qualified Person as defined by Ni 43-101. The Mineral Resource estimate is reported on a 100% ownership basis. Mineral Resources are reported without applying mining dilution, mining losses, or process losses. Resources are constrained within bounding surfaces based on reasonable prospects of economic extraction, in accordance with NI 43-101. Reasonable prospects for economic extraction were met by applying mining shapes with a minimum mining width of 2.0 m, ensuring grade continuity above the cut-off value, and by excluding non-mineable material prior to reporting. Metallurgical recoveries reported as the average over the life of mine and are assumed to be 96% Au and 85% Ag, respectively. Bulk density is estimated f at 2.00 g/cm3 for the Stockpile material. Mineral resources are classified as Measured based continuity, spacing of drill holes and data quality. Effective date of the mineral resource estimate is December 31, 2024. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Qualified Persons The technical content of this press release has been reviewed and approved by the QPs who were involved with preparation of the Era Dorada PEA study: Garth Kirkham, Homero Delboni Jr. and Porfririo Cabaleiro Rodriguez. QPs are not aware of any known political, legal, environmental or other risks that could materially affect the project development. 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. For further information, please visit Aura's website at or contact: Investor Relations ri@ 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. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The press release includes forward-looking statements relating, but not limited to, the following: the filing of the Era Dorada PEA and the timing of same; the preparation of a full Feasibility Study for Era Dorada and the timing of same; collaboration with local authorities and governmental agencies; economic viability of Era Dorada; evaluation of alternative mining methods for Era Dorada; the operation of Era Dorada; and mineral resource estimates. 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. 1 The Company does not consider Era Dorada to be a property material to Aura for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101').Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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- Yahoo
Aura Releases 2024 Sustainability Report
ROAD TOWN, British Virgin Islands, June 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') is pleased to release its 5th Annual Sustainability Report showcasing the Company's progress in promoting safety, responsibility, sustainability, and innovation. This year's report highlights the Company's strategic efforts across eight core environmental, social and governance ('ESG') pillars. Prepared accordance with Global Reporting Initiative (GRI) standards, the report ensures clear and transparent disclosure of Aura's financial, environmental, and social performance. The full report can be found Sustainability - Aura Minerals on Aura's website. 2024 Sustainability Report Highlights Driving Digital Transformation: Strengthened data and cybersecurity infrastructure to enable a connected AI-driven future. Almas and Borborema, are now fully integrated with Aura Analytics, a corporate business intelligence platform with 40K+ monthly accesses and 4M+ records. Empowering Neighboring Communities: Invested R$6.1 million in targeted economic and social development initiatives to create lasting regional impact. Projects include water supply improvements at Minosa and free medical care at Aranzazu. GHG Protocol: Aura reassessed the emissions inventories of our units between 2020 and 2024, based on the guidelines of the GHG Protocol, with the aim of enhancing our management strategy on this topic. Achieved a strong safety milestone with Zero Lost Time Incidents in Borborema construction and only one lost time incident across all operations, highlighting a culture of safety excellence. Strengthening ESG Leadership: Successfully completed compliance with the Responsible Gold Mining Principles and the Conflict Free Gold Standards, established by the World Gold Council, and Empresa Socialmente Responsable seal in Honduras and Mexico for the second year running, reaffirming commitment to responsible mining and global sustainability standards. Boosted Local Economies Through Procurement: Stimulated regional economic growth by sourcing an average of 40% of purchases from local suppliers, creating shared value and strengthening supply chains. Recognized for Diversity: Honored for the second consecutive year by Conexão Salto Alto for advancing gender equity and supporting female talent at our Apoena unit. GPTW: Aura conducted our first organizational climate survey across all our units, using the Great Place to Work (GPTW) methodology. With a 78% favourability score, we earned the GPTW certification for all the units where we operate. Rodrigo Barbosa, President & CEO commented, "It is with great honor that we reflect on the execution of the vision we set out in 2018, from implementing our Aura 360 culture to now seeing its results across sustainability, operational excellence, and financial growth. In 2024, Aura solidified its trajectory of sustainable growth, increasing production from 236,000 to 267,000 gold equivalent ounces, driven by operational excellence at Almas and Minosa, and strategic expansions like Borborema and the acquisition of Bluestone Resources. Committed to ESG principles, we achieved a 90% adherence to the World Gold Council's Responsible Mining Principles, implemented innovative environmental practices such as grey water treatment at Borborema, and maintained an exemplary safety record with only one lost-time accident in 24 months. Our Aura 360 culture, recognized by Great Place to Work certifications across all operations, fosters diversity, continuous training, and community development, ensuring a positive legacy through responsible mining 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. - 6 - 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. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. 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. CONTACT: For more information, please contact: Investor Relations ri@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
02-06-2025
- 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.
Yahoo
06-05-2025
- Business
- Yahoo
Aura Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
ROAD TOWN, British Virgin Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') announced today that the Company's Board of Directors (the 'Board') has declared and approved the payment of a dividend (the 'Dividend') of US$0.40 per common share (approximately US$ 30 million in total). This payment is above the minimum foreseen in the Company's Dividend Policy (the 'Dividend Policy') and includes also a US$ 13.5 million receivable the Company collected in April 2025 related to the sale of the Serrote project to Appian Capital LLC in 2018. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA² for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period. The Dividend will be paid in US dollars on May 20, 2025, to shareholders of record as of the close of business on May 13, 2025 ('Record Date'). Holders of the Company's Brazilian Depositary Receipts as of Record Date will receive US$ 0.1333 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around May 30, 2025, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date. As an example, BDR's holders will receive:• Announced Dividend on May 05, 2025: USD 0.133333 per BDR• Exchange Rate, based on closing rate as of 05/02/25, for USD to Brazilian Reais (BRL): BRL 5.8866 per USD• Dividends Payable to Company BDR Holders: BRL 0.784879 per BDR. This value will change according to the exchange rate on the day previous to the payment day• Record Date for Dividend Rights: May 13, 2025• Payment Date: On or around May 30, 2025 The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, 'In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expanded our Resources and Reserves, acquired and built Borborema, acquired Bluestone, and secured additional mineral rights, including Serra da Estrela. True to our commitment, we have also consistently delivered value to shareholders through dividends and share buybacks, positioning Aura among the top-yielding companies in the global gold mining sector. Our combined dividend and share buyback yields were 13.5% in 2021, 6% in 2022, 6% in 2023, 7% in 2024, and 11% over the past 12 months. This quarter's US$30 million dividend, bolstered by proceeds from the Serrote sale, underscores our dedication to shareholders and the strategic pillars established years ago.' 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 mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 5 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena, Almas and Borborema gold mines in Brazil, and the Minosa mine in Honduras. The Company's development projects include Cerro Blanco in Guatemala and Matupá both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Carajas (Serra da Estrela) copper project in the prolific Carajás region of Brazil. Forward-Looking InformationThis press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which include, but are 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, including the expected timing of the Dividend; the further potential of the Company's properties; and the ability of the Company to achieve its short and long term outlook and the anticipated timing and results thereof. 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. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. 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. __________________________________________1 Including shares and BDR buybacks. We calculate dividend yield as the announced dividend per share divided by the TSX share price (converted to US$) on the announcement date (dividend yield = dividend per share / share price at announcement date). The buyback yield is calculated as the total value of shares repurchased in the period divided by the average market capitalization on a given year in each case using the TSX share price converted to US$ (buyback yield = buybacks reported / average market capitalization for a given year). The dividend yield + buyback yield is the sum of the dividend yield and the buyback yield for the reporting period.2 Adjusted EBITDA as (Loss) profit for year, plus finance expenses, less other (expense) income, less Change in estimation for mine closure and restoration for properties in care & maintenance, plus depletion and amortization. CONTACT: For further information, please visit Aura's website at or contact: Investor Relations ri@
