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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 Nov 05, 2020 12:38pm
217 Views
Post# 31842637

Financials should be released next week

Financials should be released next week Looking forward to seeing quarterly financials next week. With very little analyst coverage of ORA it can be hard to determine short term market reaction to production and earnings guidance. Aura gets little respect from the institutional market. Share ownership remains primarily with insiders over 54% and retail investors over 36%.  Still finding it hard to justify our current valuation with gold back over $1,900US. I like to use a comparison to KNT $7.40 market cap over $1.5bl currently quarterly  production of 27K Oz forward estimated production of 37K Oz by end of next year. Aura is currently under $1bl market cap currently producing 57k Oz quarterly.  Even taking into account that KNT is a lower cost producer by approximately 20% per Oz it also has single producing asset risk.  Would definitely be helpful if Aura provided updates of monthly production, exploration and sales revenue results.  December is the month Gold Road mine should achieve commercial production announcement.  I would also prefer company start buying back shares instead of paying out the 20% dividend on revenue this year if share price finishes under $20.00 and gold remains above $1,900oz. 

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