Bullboard - Stock Discussion Forum 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... see more

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Aura Minerals Inc > Aura Closes the Royalty Agreement

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Post by Betteryear2 on Dec 20, 2023 8:07pm

Aura Closes the Royalty Agreement

ROAD TOWN, British Virgin Islands, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce that, further to its press release dated December 15, 2023, Borborema Inc. (“Borborema”), a wholly owned subsidiary and indirect owner of the Company’s Borborema gold project in Rio Grande do Norte State, Brazil (the “Borborema Project”), has closed the agreement with Gold Royalty Corp. (“Gold Royalty”) and has received cash proceeds today of US$31 million to develop the Borborema Project (the “Transaction”). The US$31 million in proceeds is composed of US$21 million from the sale of a net smelter return royalty over the Borborema Project (the “NSR Royalty”) and US$10 million from a gold-linked loan (the “Gold-Linked Loan”).

Aura Closes the Royalty Agreement and Gold-Linked Loan (globenewswire.com)

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