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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 elgin1on Jun 25, 2021 11:00pm
218 Views
Post# 33455227

Almas

Almas Almas has a crazy IRR over 70% I think, and paid off in less than a year . Rio Novo had a ball mill on site they paid $10 million US 9 years ago which is easily worth over $30 million today (but there is no shipping to get anything anywhere these days). The Paiol pit never got drilled to depth due to financial constraints with RN , but I bet that Almas deposit is going to be much larger after they start drilling deeper in the main pit . Getting production from Almas will add greatly to the bottom line . Looking forward to the AGM!

Aura will be a mid tier producer ie over 500k ounces much sooner imo .

Elgin 
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