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.

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Aura Minerals Inc

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Comment by ganndolphon Nov 08, 2017 2:32am

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Post# 26923112

RE:RE:RE:Regarding NVO

philbr111,

I bought my core position in this stock back in the 2013 to 2015 time period at under $1 USD per share. I doubled my position in June when they were giving away shares at a little over $1 USD per share.

They ran EPP at 3000 tpd last quarter and produced way more gold than expected. The increase in royalties indicates that they may have increased the throughput at San Andres as well. The new management wanted to put Sao Francisco back into production if they could find more gold at that property. If they have done all three of the above then the following production spreadsheet will be an underestimate of actual results.

I am assuming a throughput of 2145 tpd at EPP, and the same production as last quarter at San Andres, and leach bed recovery of 2000 ounces at Sao Francisco:

My estimate is $57 million in revenue with $10.5 million in profit or 34 cents US per share. Total gold production at 44330 ounces. Looking forward to tomorrow's financial report from Aura Minerals.

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