Aura Minerals is a Canadian mid-tier production company focused on the exploration, development and operation of gold and base metal projects in the Americas.
Aura Minerals’ portfolio includes four producing mines: the San Andres gold mine located in La Union, Honduras; the Sao Francisco and Sao Vicente gold mines, located in Mato Grosso state, Brazil and the Aranzazu copper-gold-silver mine, located in Zacatecas, Mexico.
The Company’s core development asset is its copper-gold Serrote de Laje project (formerly, Arapiraca project), located in Alagoas State, Brazil. On September 4, 2012, Aura Minerals announced the results of a positive feasibility study at the Serrote project. The feasibility study focuses on developing the deposit as an open pit mine that will supply ore to a concentrator at a rate of 7 million tonnes per year, producing copper in concentrate with gold credits. Magnetite recovery and oxide ore treatment have also been identified as future opportunities at the project. With all critical permits in place, and with the excellent infrastructure nearby the project, the Company has commenced negotiations for project financing and contracting.
Moving forward, Aura Minerals will continue to engage in strategic activities that demonstrate the Company’s commitment to responsible and sustainable growth. The Company’s focused growth strategy is underpinned by a targeted production platform of gold from its three gold mines (targeted 2012 gold production totalling 165,000 to 185,000 ounces), strengthened by copper, gold and silver production from the Aranzazu mine (targeted 2012 production of 13 million to 14 million pounds of copper; 7,500 to 8,500 ounces of gold, and 145,000 to 155,000 ounces of silver). Aura Minerals’ experienced management team and attractive portfolio of diversified projects will continue to solidify the Company’s position as a mid-tier gold-copper producer.