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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 eebleron Nov 06, 2010 10:32am
537 Views
Post# 17668404

RE: ORA chart update

RE: ORA chart updateI was about to comment on how quiet the board has been recently and up pops this. 

Nice chart and the pattern it has been in was a reason I jumped back in a couple weeks ago. 

It is disappointing that Aranzazu did not get restarted in the timeframe they had indicated, so it would be nice to get a "feel good" statement when they release their financials.  It will also be interesting to see if they have managed to start getting the high cash-costs down, especially at the San Franciso mine where they were over 1100 in the last quarterly report.  I know a lot of that was probably acquisition-related in terms of spending some money to fix stuff so they could make more money, but those cash costs in particular have to come down in order to be a viable contributor to their portfolio.  On the other hand, improvements to address rainy-season challenges such as covering conveyors will improve production, and if they can work out the leach dilution then they could be clicking on a bunch of cylinders going into next year.  I also hope that they were able to back-end load sales to later in the quarter so they could take advantage of higher spot-prices. 


If gold is stable/up when they release their financials, the resistance at 4.50 should be easily overcome and ORA can get back on track for longer-term appreciation. 

glta

eebler
Bullboard Posts