Aura Announces Third Quarter 2023 Production Results with 34% Increase
Aura Minerals Inc., a mid-tier gold and copper production company, has announced its preliminary production results for Q3 2023. The company’s four operating mines, including Aranzazu Mine, Ernesto/Pau-a-Pique Mine (EPP), San Andres Mine, and Almas Mine, collectively produced a total of 64,875 gold equivalent ounces (GEO) during the quarter. This marks an increase in production across all operating mines compared to the previous quarter.
Rodrigo Barbosa, President and CEO of Aura Minerals, expressed his satisfaction with the significant rise in production volumes across all operations. He also highlighted the exceptional performance of the Almas Mine, which exceeded industry benchmarks during its ramp-up phase. Additionally, Barbosa mentioned the successful completion and release of a highly accretive Feasibility Study, securing funding, and commencing construction at the Borborema project.
The Q3 2023 production results demonstrate Aura Minerals’ commitment to building a solid track record and achieving its goal of 450,000 ounces of annualized production by the end of 2025. The company’s focus on holistic mining, considering the impact on all stakeholders, including shareholders, employees, and the communities it serves, sets it apart in the industry.
The table provided in the press release showcases the quarterly consolidated GEO production measured in current and constant prices since Q3 2021, along with the production for the last twelve months as of September 30, 2023. The chart illustrates a consistent increase in production over time, reflecting Aura Minerals’ dedication to delivering positive results.
Aranzazu Mine, one of Aura Minerals’ key assets, demonstrated growth in production for all types of metals compared to both Q2 2023 and Q3 2022. This achievement further solidifies the company’s position in the market and highlights its ability to optimize operations and maximize output.
Farshid Ghazanfari, P.Geo., Mineral Resources and Geology Director for Aura Minerals, serves as the Qualified Person, ensuring that the scientific and technical information presented in the news release meets the standards set by National Instrument 43-101.
Aura Minerals’ commitment to 360° Mining, considering the comprehensive impact of its business, positions the company as a responsible and sustainable player in the industry. With four operating mines and ongoing development projects, including Borborema and Matupá in Brazil, Aura Minerals has a strong foundation for future growth. The company also holds significant exploration potential, owning over 630,000 hectares of mineral rights and advancing multiple near-mine and regional targets.
While forward-looking statements accompany the press release, highlighting the potential risks and uncertainties inherent in the mining industry, Aura Minerals remains focused on its strategic objectives. The company’s dedication to transparent communication and adherence to regulatory requirements ensures that stakeholders are well-informed about its operations and future plans.
Aura Minerals’ positive performance in Q3 2023 sets the stage for continued success and reinforces its position as a leading gold and copper production company in the Americas. With a strong portfolio of assets and a commitment to responsible mining practices, Aura Minerals is poised for a bright future in the industry.