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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 May 11, 2014 11:36pm
164 Views
Post# 22549471

RE:Back to .10 cents perhaps?

RE:Back to .10 cents perhaps?
There isn't really a question anymore of whether Aura will survive or not, they have a very low debt and have found a lender who is willing to accept gold payments in lieu of cash, I don't see that partnership ending anytime soon.  The problem is that Aura is stagnant and they will continue to just scrape by until one of three things happen, they either find a bank willing to lend them the sufficient funds to develop Arranzazu (either through debentures or a straight out loan) or a company willing to buy Serrote outright so that they can further develop Arranzazu, or the third option being a joint venture with a company that has deep pockets. One of those catalysts have to happen in order for the stock to rise, otherwise it'll just hover around these levels until gold gets to atleast 1500/oz.
Bullboard Posts