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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
Comment by valuemineon Aug 31, 2017 7:42pm
104 Views
Post# 26644946

RE:RE:RE:RE:RE:RE:New 52 week high

RE:RE:RE:RE:RE:RE:New 52 week highValuations change. They used to be close to $1.0bn market cap. A few years ago, valuation and balance sheet suffered due to mismanagement. The major shareholder increased his ownership from  20% to 50% and the Company did a financing to issue another 20% to a buddy of he major shareholder. More recently, old management and Board have been replaced and green shoots of a turnaround are showing up. Ultimately, the major shareholder holds all the cards...but presumably he's looking to make money as well at some point...patience is required here. 
Bullboard Posts