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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

Post by Canadian0620144on Nov 05, 2020 12:38pm
246 Views
Post# 31842637

Financials should be released next week

Financials should be released next week Looking forward to seeing quarterly financials next week. With very little analyst coverage of ORA it can be hard to determine short term market reaction to production and earnings guidance. Aura gets little respect from the institutional market. Share ownership remains primarily with insiders over 54% and retail investors over 36%.  Still finding it hard to justify our current valuation with gold back over $1,900US. I like to use a comparison to KNT $7.40 market cap over $1.5bl currently quarterly  production of 27K Oz forward estimated production of 37K Oz by end of next year. Aura is currently under $1bl market cap currently producing 57k Oz quarterly.  Even taking into account that KNT is a lower cost producer by approximately 20% per Oz it also has single producing asset risk.  Would definitely be helpful if Aura provided updates of monthly production, exploration and sales revenue results.  December is the month Gold Road mine should achieve commercial production announcement.  I would also prefer company start buying back shares instead of paying out the 20% dividend on revenue this year if share price finishes under $20.00 and gold remains above $1,900oz. 

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