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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 HappyInvestingon Feb 18, 2016 9:00am
80 Views
Post# 24569853

RE:RE:Last time it hit .12 was May 2015

RE:RE:Last time it hit .12 was May 2015Don't know why anybody would want to buy this stock.  The high-cost Sao Vicente and Sao Francisco gold mines are done or almost done.  The only reason Sao Francisco is producing any gold at all is because it's just draining the heaps - there's no mining going on there.  San Andres in Honduras is fraught with community problems and that's their best asset.  The Aranzazu copper mine in Mexico doesn't even have a chance to re-start till copper goes north of $3/lb.  The Serrote project is low-grade, short-lived and high-capex and doesn't have a chance of ever being financed or built, yet management keeps throwing money at it to try to keep it alive as their "future asset".  That, BTW is just a story - not an real asset.  Management salaries, and HQ expenses, the Aranzazu C&M costs, and Serrote funding all comes from San Andres in Honduras.  The company also has debt to service. 

Can someone tell me what the upside is on this company and why I should by the stock?     
Bullboard Posts