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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Metals & Mining Gold
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

Aura Minerals Inc
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Comment by monzieon Jul 24, 2013 4:44pm
119 Views
Post# 21628340

RE:RE:RE:RE:better days ahead

RE:RE:RE:RE:better days aheadUnfortunately they have a rather high cash cost, so $1300 an ounce doesn't quite cut it.  They did however hedge 80k ounces of gold last year for a 2 year period at $1700 if I remember correctly - so I'm not sure how much they still had remaining on that during Q2.  Does anyone have any more information on this?  I can't seem to find out how much is left in the program.  But right now financing is their big issue as apparently they're still working out an arrangement. 
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