Aura Minerals Releases 2020 Annual Financial Statements and Management Discussion and Analysis - GlobeNewswire - Mon Mar 1, 6:47PM CST
GlobeNewswire - CMTX
Mon Mar 1, 6:47PM CST
Aura Minerals, Inc. ("Aura Minerals" or the "Company") announces today the Company has filed its audited consolidated financial statements for the year ended December 31, 2020 and related management discussion and analysis.
Aura Minerals Approves Development of Almas Gold Project - GlobeNewswire - Wed Feb 3, 6:14AM CST
GlobeNewswire - CMTX
Wed Feb 3, 6:14AM CST
Aura Minerals Inc. (TSX: ORA) ("Aura" or the "Company") is pleased to announce that, based on the conclusion of a completed feasibility study (the "Study") and detailed analysis by the management team, the Board of Directors of the Company has approved the development of the Almas Gold Project ("Almas" or "the Project"), an open pit gold mine located in the state of Tocantins, Brazil. The Almas Project is expected to be operational by the second half of 2022, with an after-tax total investment estimated at approximately US$73 million, yielding an after-tax net present value ("NPV") of US$183 million when using the weighted average consensus gold prices for the projected period of US$1,558 per ounce. An upside scenario using a gold price of US$1,800 per ounce yields an after-tax internal rate of return ("IRR") of 57% and after-tax NPV of US$260 million. Average annual gold production is estimated at 51,000 ounces during the first four years of the Project, with an estimated life of mine of 17 years, based on mineral reserves estimated in accordance with National Instrument 43-101 - Standards for Disclosure for Minerals Projects ("NI 43-101"). The Almas Project is wholly-owned by Aura.
Buffalo Coal: Appointment of Independent Non-Executive Director and Audit Committee Chairman - Newsfile Corp - Wed Jan 20, 8:32AM CST
Newsfile Corp - CMTX
Wed Jan 20, 8:32AM CST
Toronto, Ontario--(Newsfile Corp. - January 20, 2021) - further to previous communications around the resignation of Mr. Robert Francis as independent non-executive director and Audit Committee Chairman, the Board of directors of Buffalo Coal ("")is pleased to confirm the appointment of Mr. Rory Taylor as independent non-executive Board member and Audit Committee Chairman, with effect from 22 January 2021.