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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 monzieon Jan 15, 2014 2:38pm
165 Views
Post# 22095112

RE:RE:RE:RE:RE:RE:RE:RE:RE:A very good quarter

RE:RE:RE:RE:RE:RE:RE:RE:RE:A very good quartertoppgunn for sure there are a lot of ifs involved with this company.  I believe they will be able to negotiate some leniency on debt payments until the gold market itself turns around which could take another year or so.  They had a great third quarter and will end up well above their full year guidance for 2013 - the only problem with them right now other than the price of gold is their cash costs for getting the gold.  They've been making great improvements over the last couple of quarters but they are still above a grand per ounce in cash costs.  I don't think a share rollback would have the usual downward effect on this stock seeing as if people aren't selling now then why would they all of a sudden sell then? You're right tho, the only way this stock is gonna move is if market sentiment changes.  We've had a decent bounce on gold since Jan 1st hopefully this trend continues throughout the year. 
Bullboard Posts