Aura Minerals Strengthens its Social Impact with the Launch of a Vineyard at the Minosa Mine, Honduras
08 February 2024 - 10:00PM
Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF)
(“Aura” or the “Company”) proudly announces that the
Foundation San Andres, the social foundation of Minosa, has
launched an innovative venture called Seeds of Hope (the “Seeds of
Hope” or “Venture”) aimed at fostering social and economic progress
through the cultivation of grapes and wine production at the Minosa
Mine (the “Mine” or “Minosa”) (San Andres Mine), in Honduras. The
Venture is designed to provide economic diversification and new
employment opportunities in the surrounding local communities, with
the potential to revitalize the regional economy for at least the
next 50 years. Located within a one-hectare section of the Mine,
the Seeds of Hope, will encompass the cultivation of eight distinct
grape varieties, and is part of Aura's ongoing commitment to
innovation, sustainable development and responsible mining.
The Seeds of Hope has already yielded positive
outcomes, providing employment to 30 individuals and is projected
to create up to 250 direct jobs once the vineyard is fully
operational, which it is expected to be fully compromised of
residents in line with Minosa workforce of 90% residents. With an
initial investment of approximately US$1 million planned for the
first five years, the Venture consists of two key phases, starting
with research and will transition to industrial-scale
production.
Rodrigo Barbosa, CEO of Aura Minerals,
commented, "We are proud to announce this important movement of the
Foundation San Andres, dedicated to creating environments of
prosperity in the communities where we operate, aiming to leave a
lasting and positive legacy. This commitment extends to our
approach to responsible mining and our latest venture in Honduras.
Just like mining, developing a vineyard requires patience,
investment, and research. This venture is not just an agricultural
venture; it's a step towards transforming the Copán region into a
renowned wine-producing area, bringing prosperity to its people.
This focus on generating positive impacts for our communities
highlights Aura's commitment and is a core aspect of our culture.
The Aura 360 culture guides our actions and decisions, ensuring we
think about our impact, considering all stakeholders, including our
employees, the communities we are part of, the environment, and our
Company. This integrated approach defines our way of working and
being, reinforcing our journey towards significant change in the
Aura Minosa region and Honduras as a whole."
Image 1: Rodrigo Barbosa, President and CEO of
Aura Minerals, joined by Andrea Saldanha Watson Ambassador of
Brazil in Honduras, and Miguel Medina, Investment Promotion
Minister of Honduras, to plant the first seedling for the Seeds of
Hope Venture
About The Foundation San
Andres
The Foundation San Andres is the social arm of
Minosa that allows intersectoral collaboration to contribute to the
construction of sustainable communities through strategic alliances
for the implementation of programs and projects that strengthen the
bases of equitable and lasting progress in rural areas; as well as
join forces to build a future of opportunities and shared
prosperity.
About Aura Minerals Inc.
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We call this
360° Mining.
Aura is a mid-tier gold and copper production
company focused on operating and developing gold and base metal
projects in the Americas. The Company has 4 operating mines
including the Aranzazu copper-gold-silver mine in Mexico, the
Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San
Andres) gold mine in Honduras. The Company’s development projects
include Borborema and Matupá both in Brazil. Aura has unmatched
exploration potential owning over 630,000 hectares of mineral
rights and is currently advancing multiple near-mine and regional
targets along with the Serra da Estrela copper project in the
prolific Carajás region of Brazil.
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which may include, but is not limited to, statements
with respect to the activities, events or developments that the
Company expects or anticipates will or may occur in the future.
Often, but not always, forward-looking statements can be identified
by the use of words and phrases such as “plans,” “expects,” “is
expected,” “budget,” “scheduled,” “estimates,” “forecasts,”
“intends,” “anticipates,” or “believes” or variations (including
negative variations) of such words and phrases, or state that
certain actions, events or results “may,” “could,” “would,” “might”
or “will” be taken, occur or be achieved.
Known and unknown risks, uncertainties and other
factors, many of which are beyond the Company’s ability to predict
or control, could cause actual results to differ materially from
those contained in the forward-looking statements. Specific
reference is made to the most recent Annual Information Form on
file with certain Canadian provincial securities regulatory
authorities for a discussion of some of the factors underlying
forward-looking statements, which include, without limitation,
volatility in the prices of gold, copper and certain other
commodities, changes in debt and equity markets, the uncertainties
involved in interpreting geological data, increases in costs,
environmental compliance and changes in environmental legislation
and regulation, interest rate and exchange rate fluctuations,
general economic conditions and other risks involved in the mineral
exploration and development industry. Readers are cautioned that
the foregoing list of factors is not exhaustive of the factors that
may affect the forward-looking statements.
All forward-looking statements herein are
qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by law. If
the Company does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e920873-ecae-4ab9-9155-47f9fd6ae555
For more information, please contact:
Investor Relations
ir@auraminerals.com
www.auraminerals.com
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