Aura Minerals Inc.: Almas Production Preview - July and August 2024
ROAD TOWN, Sept. 09, 2024 - 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