Aura Declares Dividend of US$ 60 Million
Aura Minerals Inc. (TSX: ORA, B3: AURA33) ("Aura" or the "Company") announced today that the board of directors of the Company approved the payment of a dividend (the "Dividend") of US$ 0.83 per common share (approximately US$ 60 million in total). The Dividend is in excess of the minimum dividend payable pursuant to the Company's dividend policy, as announced June 22, 2020, based on the Company's financial results for the year ended December 31, 2020.
Aura Minerals Releases 2020 Annual Financial Statements and Management Discussion and Analysis
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
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
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.
Aura Minerals Announces 2021 Operational and Financial Guidance with 22% to 42% of production growth compared to 2020
Aura Minerals, Inc. (TSX: ORA) (B3: AURA33) ("Aura Minerals" or the "Company") is pleased to announce operational and financial guidance for the financial year ending December 31, 2021 in respect of: (i) production of gold equivalent ounces ("GEO"), (ii) cash cost from operations per equivalent ounce of gold produced, and (iii) capital expenditures.
Aura Minerals Announces Record High Preliminary Fourth Quarter 2020 Production Results
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) ("Aura" or the "Company") is pleased to announce the preliminary production results for the fourth quarter of 2020.
Fury Appoints VP, Investor Relations; Announces Participation in Upcoming BMO Global Metals & Mining Conference
TORONTO, ON / ACCESSWIRE / January 6, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce the appointment of Salisha Ilyas to the newly formed role of Vice President, Investor Relations, effective immediately. Ms. Ilyas was formerly the founder and principal consultant at Target IR & Communications, a full-service investor relations ("IR") firm focused on providing IR advisory and communications support to junior mining companies.
Aura Announces Commercial Production at Gold Road
Aura Minerals Inc. (TSX: ORA; B3: AURA33) ("Aura" or the "Company") is pleased to announce that the Gold Road mine ("Gold Road"), located in Arizona, United States, has declared commercial production effective December 1, 2020.
Aura Minerals Comments on Impacts of Hurricanes Eta and Iota at San Andres Mine
Aura Minerals Inc. (TSX: ORA; B3: AURA33) ("Aura" or the "Company") provides an update on the impacts of Hurricanes Eta and Iota ("Hurricanes") at its San Andres Mine in Honduras (the "Mine"). The Honduran Permanent Commission for Contingencies (COPECO) issued a red alert state at national level on November 15 for undefined time due to constant rains, that remain to date in the national territory.
Aura Announces New and Improved Offtake Agreement with Trafigura starting in 2022
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (the "Company" or "Aura") announces that its wholly-owned subsidiary, Aranzazu Holding S.A. de C.V. ("Aranzazu") has recently completed a competitive bidding process for a new offtake agreement with respect to the copper and gold concentrate produced at the Company's Aranzazu mine. In connection with the completion of the bidding process, Aranzazu has entered into an offtake agreement (the "New Agreement") with Trafigura Mexico, S.A. de C.V. ("Trafigura"), pursuant to which Trafigura has agreed to purchase 100% of the copper and gold concentrate produced at Aranzazu during the term of the New Agreement. The New Agreement is effective as of the beginning of 2022 and continues until the end of 2024. The current offtake agreement in place with IXM Metals (the "Existing Agreement") will remain in force until the end of 2021.