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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
Post by monzieon Feb 14, 2014 10:33am
187 Views
Post# 22209854

Gold rally is now at $1320/oz US and $1450/oz CDN

Gold rally is now at $1320/oz US and $1450/oz CDNAura's break even price for gold in Q3 was approximately $1160/oz US - not including the copper and silver costs/losses.  I'm not sure what price they managed to sell at in Q4/13 but Q1/14 is certainly looking good so far.  And with the Brazilian mines slowly tapering off the production will be lowered but so will the cash costs that were associated with them.  Official Q4 results most likely won't be out until the 3rd week of March but regardless of the outcome on that, Q1/14 is definitely looking good.  I imaging they'll show a 2 to 4 million dollar profit (1-2 cent per share) but the only thing I'm looking for in the Q4 MD&A is an update on asset disposition or refinancing with the banks to get the capex they need. 
Bullboard Posts