Aura Announces First Gold Pour at Almas
11 August 2023 - 1:00PM
Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF)
(“Aura” or the “Company”) is pleased to announce the first
gold pour at Almas Mine (“Almas” or “Mine”) on August 10, 2023.
Since the commencement of production on April 23, approximately
152.00 tons of ore was processed, 46,000 in June and 106,000 tons
in July from the Paiol pit, nearing the nominal capacity of 114,000
tons per month.
The commissioning of the mill is ongoing and
above Aura’s expectations with commercial production anticipated in
the coming weeks. The Company is on track to meet the 2023 guidance
of between 23,000 to 28,000 ounces.
Rodrigo Barbosa, Aura’s President, and CEO
commented, “Achieving the first gold pour at Almas is a significant
milestone for Aura given it is the first ever green field project
we have constructed, and that being on time and on budget. We are
proud of this achievement, and I would like to thank our entire
team for their tireless efforts and the community for their
unwavering support. We expect to announce commercial production
imminently and look forward to showcasing how Almas will positively
impact production and financial outlook.”
Qualified Person
The scientific and technical information
contained within this news release has been reviewed and approved
by Tiãozito V. Cardoso, FAusIMM, Technical Services Director for
the Company. Mr. Cardoso is a 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 five projects in Brazil, of which four gold projects: Almas,
which is under final phase of ramp-up; Borborema and Matupá, which
are in development; and São Francisco, which is on care and
maintenance. The Company also owns the Serra da Estrela copper
project in Brazil, Carajás region, which is at the exploration
stage.
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, mine sequencing and the effect on the grades of
material mined and the timing and effect of the Company’s Almas
project ramp-up to commercial production. 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/b0f970ab-5e1f-4f8e-8ad1-69e371c66e42.
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