We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aura Minerals Inc | TSX:ORA | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.19 | 1.86% | 10.40 | 10.30 | 10.58 | 10.40 | 10.30 | 10.30 | 933 | 21:11:01 |
1 Gold equivalent ounces, or GEO, is calculated by converting the production of silver, copper and gold into gold using a ratio of the prices of these metals to that of gold. The prices used to determine the gold equivalent ounces are based on the weighted average price of gold, silver and copper realized from sales at the Aranzazu Complex during the relevant period.
Highlights
Rodrigo Barbosa, the Company’s President and CEO comments, “Last quarter we had the second highest production in Aura’s history, which demonstrates consistency in our growth plans. In addition, during the quarter we advanced Almas’s construction, finishing the year with 87% of the construction completed and on track to deliver the project early this year. The end of 2022 was an important quarter as we made progress on our understanding of the Borborema project and updated our guidance to achieve 400,000 GEO (annualized) in 2024 and 450,000 GEO in 2025, while paying US$20 million in dividends and US$10 million in share buybacks resulting in total yield of about 6% in 2022 only. We are now set up for an even stronger 2023 with a continued focus on growth while returning capital to our shareholders.”
Production Results
Preliminary GEO production volume for the three months ended December 31, 2022, when compared to the previous quarter and the same period of 2021 is shown below:
For the threemonths endedDecember 31,2022 | For the threemonths endedSeptember 30,2022 | For the threemonths endedDecember 31,2021 | % changevs. Q32022 | % changevs. Q42021 | |
Ounces produced (GEO1) | |||||
San Andres | 12,171 | 14,065 | 26,652 | -13% | -54% |
EPP Mines | 26,901 | 17,915 | 17,274 | 50% | 56% |
Aranzazu | 28,591 | 26,196 | 32,901 | 9% | -13% |
Total GEO produced excluding Gold Road - current prices¹ | 67,663 | 58,175 | 76,827 | 16% | -12% |
Gold Road | - | - | 767 | - | - |
Total GEO produced - current prices¹ | 67,663 | 58,175 | 77,594 | 16% | -13% |
Total GEO produced excluding Gold Road - constant prices12 | 67,663 | 58,648 | 71,314 | 15% | -5% |
1 Total may not add due to rounding.2 Considers metal sale prices realized on Q4’2022, being: Copper price = 3.68/lb; Gold Price = 1,756.98/oz; Silver Price = 22.07/oz.
Production for the last twelve months (LTM) exceeded 242,000 GEO at the end of Q4 2022. When measured at constant prices, LTM production has remained between 240,000 GEO and 260,000 GEO since Q3 2021; Aura expects production to increase after Almas enters production by Q2 2023.
The chart below shows the quarterly consolidated GEO production measured in current and constant prices since Q1 2021, as well as the LTM at the end of each reporting period:
Consolidated GEO Production per Quarter and LTM
(000 GEO, current and constant prices as reported)
The table below shows production by each type of metal at Aranzazu. Production increased for all three metals during Q4 2022 compared to Q3 2022:
For the threemonths endedDecember 31,2022 | For the threemonths endedSeptember 30,2022 | For the threemonths endedDecember 31,2021 | % changevs. Q32022 | % changevs. Q42021 | |
Gold Production (oz) | 6,898 | 6,679 | 7,445 | 3% | -7% |
Silver Production (oz) | 135,708 | 112,949 | 123,490 | 20% | 10% |
Copper Production (klbs) | 9,563 | 8,869 | 8,784 | 8% | 9% |
Total GEO produced - current prices1 | 28,591 | 26,196 | 32,901 | 9% | -13% |
Total GEO produced - constant prices12 | 28,591 | 26,669 | 27,388 | 7% | 4% |
1 Total may not add due to rounding.2 Considers metal sale prices realized on Q4’2022, being: Copper price = 3.68/lb; Gold Price = 1,756.98/oz; Silver Price = 22.07/oz.
Qualified Person
Tiãozito V. Cardoso, FAusIMM, Technical Services Director for Aura Minerals Inc. has reviewed and confirmed the scientific and technical information contained within this news release and serves as the Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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 the development and operation of gold and base metal projects in the Americas. The Company’s producing assets include the San Andres gold mine in Honduras, the EPP gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the Company has the Tolda Fria gold project in Colombia and four gold projects in Brazil: Almas, which is under construction; Borborema and Matupá, which are in development; and São Francisco, which is on care and maintenance.
For further information, please visit Aura’s website at www.auraminerals.com or contact:
Rodrigo Barbosa
President & CEO305-239-9332
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, including, without limitation, production levels, cash costs across its operations, the timing and effect of the Company’s Almas project entering production, and the timing and effect of completion of the leaching cycle at San Andres for material fed in Q4 2022. 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 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea2a64c8-df8a-4daf-bd3e-4cc4ef4251a2
1 Year Aura Minerals Chart |
1 Month Aura Minerals Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions