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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Metals & Mining Gold
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

Aura Minerals Inc
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Post by Betteryear2on Dec 20, 2023 8:07pm
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Post# 35794920

Aura Closes the Royalty Agreement

Aura Closes the Royalty AgreementROAD TOWN, British Virgin Islands, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce that, further to its press release dated December 15, 2023, Borborema Inc. (“Borborema”), a wholly owned subsidiary and indirect owner of the Company’s Borborema gold project in Rio Grande do Norte State, Brazil (the “Borborema Project”), has closed the agreement with Gold Royalty Corp. (“Gold Royalty”) and has received cash proceeds today of US$31 million to develop the Borborema Project (the “Transaction”). The US$31 million in proceeds is composed of US$21 million from the sale of a net smelter return royalty over the Borborema Project (the “NSR Royalty”) and US$10 million from a gold-linked loan (the “Gold-Linked Loan”).

Aura Closes the Royalty Agreement and Gold-Linked Loan (globenewswire.com)
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