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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a mid-tier gold and copper production company. The Company is focused on operating and developing gold and base metal projects in the Americas. It has four operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Ernesto/Pau-a-Pique Project (EPP) and Almas gold mines in Brazil, and the San Andres gold mine in Honduras. The Company’s development projects include Borborema and Matupa, both in Brazil. It has unmatched exploration potential, owning over 650,000 hectares of mineral rights and focuses on advancing multiple near-mine and regional targets along with the Serra da Estrela copper project in the prolific Carajas region of Brazil. The Company has the right to explore the Pe Quente and Pezao Projects in the State of Mato Grosso, Brazil. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico. The San Andres Mine is an open-pit heap leach gold mine.


TSX:ORA - Post by User

Bullboard Posts
Post by sesses3on Mar 28, 2012 7:20pm
236 Views
Post# 19730763

2011 results are out - horrible as usual

2011 results are out - horrible as usual

https://auraminerals.com/News-Events/News-Releases/News-Release-Details/2012/Aura-Minerals-Announces-Fourth-Quarter-and-Full-Year-2011-Financial-and-Operating-Results1128782/default.aspx

If anyone still cares, 2011 results are out and they're just as bad as usual. Cost inflation is rampant and there's another set of "unexpected" operational problems: a crusher failure at Sao Francisco, arsenic problems at Aranzazu and various other assorted issues. I don't get how Aura's (highly-paid) COO is still in place, considering their operational performance has been abysmal for several years now.

The feasibility study for Serrote had better be good, because there's little else to be excited about here. Probably won't be, given that they've delayed it after previously consistently reporting that it was on schedule for completion in Q1 (I'm guessing they weren't happy with the results).

Bullboard Posts