Aura Minerals Inc.: Almas Production Preview - July and August 2024
09 September 2024 - 1:07PM
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX:
ORAAF) (“
Aura” or the
“
Company”) informs its shareholders and the market
in general that its Subsidiary, Aura Almas Mineração S.A.
(“Almas”), amidst the announced process of issuing its 2nd
Debenture and with the objective of ensuring full transparency to
investors and debenture holders, has preliminarily disclosed its
operational results for the first two months of the third quarter
of 2024 (July and August).
In July, Almas achieved a total production of
4,723 ounces, and in August, 5,280 ounces. These results not only
reflect a stabilized production level but also align with Almas’s
previously announced guidance, as well as the stabilization of
production following the replacement of the contractor. For
comparison purposes, the average monthly production in the first
two months of Q3 2024 shows a 42% increase compared to the monthly
average in Q2 2024 and a 26% increase compared to the monthly
average in Q1 2024.
It is important to note that these managerial
results are preliminary and unaudited. The final figures for the
complete quarter will be released on the scheduled date in our
corporate events calendar and may be subject to adjustments.
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 graph accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/74482b15-4973-4da5-a172-05a4774be9b4
For more information, please contact:
Investor Relations
ri@auraminerals.com
www.auraminerals.com
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