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Aura Minerals Announces Q2 2024 Quarterly Financial and Operational Results
ROAD TOWN, British Virgin Islands, Aug. 05, 2024 (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, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed its unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended June 30, 2024 (“Q2 2024”). 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.sedarplus.ca. All amounts are in thousands of U.S. dollars unless stated otherwise. Rodrigo Barbosa, President, and CEO of Aura, commented, “In Q2, Aura's EBITDA increased 6% from Q1, even with reduced production due to mine sequencing. With stable operations and rising gold and copper prices, our EBITDA hit US$109 million in H1 2024, a 111% increase from H1 2023 with an average gold price of only US$2,173/Oz. Our robust cash flows enabled us to distribute US$25 million in dividends and invest US$4 million in share buybacks, resulting in an 8.8% yield on LTM. Looking ahead to H2, we anticipate another robust production, and we are set to meet our yearly guidance. Moreover, the construction of project Borborema is on track and within budget, with a ramp-up planned for Q1 next year, promising further growth in production and results in 2025. All of this is achieved while maintaining the highest standards of management and safety.” Q2 2024 Financial and Operational Highlights: (US$ thousand): For the three months ended June 30, 2024 For the three months ended June 30, 2023 For the six months ended June 30, 2024 For the six months ended June 30, 2023 Total Production1 (GEO) 64,327 48,522 132,514 102,890 Sales2 (GEO) 63,258 47,950 132,344 101,836 Net Revenue 134,411 84,950 266,489 181,937 Adjusted EBITDA 56,172 26,596 109,376 63,194 AISC per GEO sold 1,328 1,385 1,307 1,264 Ending Cash balance 191,963 217,938 191,963 217,938 Net Debt 142,409 (10,318) 142,409 (10,318) (1) Considers capitalized production (2) Does not consider capitalized production In Q2 20...