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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a gold and copper company. The Company is focused on the operation and development of gold and base metal projects in the Americas. The Company's mineral properties include Ernesto/Pau-a-Pique Mine, San Andres Mine, and Aranzazu Mine. Its project in construction includes Almas Project. Its other projects consist of Matupa Project, Borborema Project, Sao Francisco Gold Mine, Tolda Fria Gold Project, and Serra da Estrela Project. The Ernesto/Pau-a-Pique Project (EPP) is in Mato Grosso in Brazil, approximately 450 kilometers (km) west of Cuiaba. The San Andres Mine is an open-pit heap leach gold mine located in the highlands of western Honduras. 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 Almas Project is a gold project located in the state of Tocantins, Brazil. The Matupa Project is a gold project located in the northern part of Mato Grosso, Brazil.


TSX:ORA - Post by User

Post by Canadian0620144on Jul 09, 2020 11:22am
1931 Views
Post# 31245364

Traded 19,000 shares in Brazil all over $200 CDN

Traded 19,000 shares in Brazil all over $200 CDN ORA still looks undervalued compared to KNE and other sub $1bl market cap gold copper producers. I believe ORA paid $1 for USA mine injected $4-$6ml to restart, it has min #250K oz of gold and is drilling for more taking over debt and will most likely make final debt payment this year once mine is in production. This will be there Fourth mine in production. ORA  Raised over $62ml of new capital on Brazilian market at $210 CDN per share.  This is a multi mine producer definitely trading under the radar. Chairman owner has over 50% of shares and controls 1-2% smelting royalty on a few mines. He is definitely aligned with common holders. Paid $1 dividend in December and plans to pay upto 20% of EBITA in new dividends going forward.  I expect they will also be putting several more Brazilian mines into production over next 24 months. Looking forward to seeing there next quarterly report. 
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