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Aura Minerals Announces 2022 Annual Financial and Operational Results and 2023 Guidance
ROAD TOWN, British Virgin Islands, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announc
About this update from Aura Minerals Inc.
[{"type":"text","content":" ROAD TOWN, British Virgin Islands, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed its audited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the year ended December 31, 2022, which also contains the Annual Guidance (“2023 Guidance”). The full version of the Financial and Operational Results can be viewed on the Company’s website at www.auraminerals.com or on SEDAR at www.sedar.com. All amounts are in U.S. dollars unless stated otherwise. Rodrigo Barbosa, President and CEO of Aura, commented: “2022 was marked by significant milestones and stable production, which have laid a solid foundation for future growth and enabled us to pay dividends while expanding. In Q4 of 2022, we achieved our second-highest production in a single quarter, demonstrating our ability to perform and deliver. Despite inflationary pressures impacting our sector, we also made significant progress with the construction of Almas, which is now nearing completion on time and on budget. Both achievements are a testament to our team’s ability to execute, and I thank them for their efforts.” Mr. Barbosa continued, “Looking ahead to 2023, we anticipate further value creation with the expected ramp up of Almas initiating in April and the commencement of construction at Borborema in Q2. Together with our Matupá Project, we are confident in our ability to achieve our targeted production of 450,000 annualized GEO by 2025. Our focus remains on sustainable growth through the development of easy-to-build and operate mines that generate strong returns and ramping up our exploration across our portfolio to ensure longer term growth.” Q4 2022 Financial and Operational Highlights: Total production reached 67,663 GEO1 during Q4 2022, Aura’s second highest production achieved in a single quarter, behind only its Q4 2021 production. At Aranzazu, production in GEO increased by 9% relative to Q3 2022 due to high tonnage processed (~ 100 kt per month) and increase in gold and copper grades related to mine sequencing. At EPP, production in GEO increased by 50% compared to Q3 2022 and 56% compared to Q4 2021, the highest quarterly production achieved to date. This was due to mining moving into Phase II of the ...