Aura Minerals Successfully Starts Ramp-Up at Borborema, On Schedule, Within Budget, and Setting an ESG Benchmark
Aura Minerals (TSX: ORA, OTCQX: ORAAF) has successfully initiated production ramp-up at its Borborema Mine in Brazil, with commercial production expected by Q3 2025. The project, completed within budget and schedule in 19 months with zero lost time incidents, represents the company's fifth mining operation and second greenfield project.
The mine boasts impressive economics with an after-tax IRR of 41.8% (unleveraged) and 81.4% (50% leveraged) at $2,600 per gold ounce. The 100% owned open-pit gold mine is projected to produce 748,000 ounces of gold over an 11.3-year mine life, with average production of 83,000 oz annually in the first three years. The 2025 production guidance is set at 33,000-40,000 oz.
Borborema sets an ESG benchmark through innovative practices, including the use of grey water from nearby municipality and renewable energy. The project currently employs 2,184 personnel, with 68% hired from the local community, demonstrating strong commitment to regional development.
Aura Minerals (TSX: ORA, OTCQX: ORAAF) ha avviato con successo l'aumento della produzione presso la sua miniera di Borborema in Brasile, con la produzione commerciale prevista per il terzo trimestre del 2025. Il progetto, completato nei tempi e nei costi previsti in 19 mesi senza incidenti di tempo perso, rappresenta la quinta operazione mineraria dell'azienda e il secondo progetto greenfield.
La miniera vanta un'economia impressionante con un TIR post-tasse del 41,8% (non leva) e dell'81,4% (50% leva) a 2.600 dollari per oncia d'oro. La miniera d'oro a cielo aperto, di proprietà al 100%, prevede di produrre 748.000 once d'oro nel corso di una vita mineraria di 11,3 anni, con una produzione media di 83.000 once all'anno nei primi tre anni. La guida alla produzione per il 2025 è fissata tra 33.000 e 40.000 once.
Borborema stabilisce un benchmark ESG attraverso pratiche innovative, inclusi l'uso di acqua grigia proveniente dal comune vicino e l'energia rinnovabile. Attualmente il progetto impiega 2.184 persone, con il 68% assunto dalla comunità locale, dimostrando un forte impegno per lo sviluppo regionale.
Aura Minerals (TSX: ORA, OTCQX: ORAAF) ha iniciado con éxito el aumento de la producción en su mina Borborema en Brasil, con la producción comercial prevista para el tercer trimestre de 2025. El proyecto, completado dentro del presupuesto y el cronograma en 19 meses sin incidentes de tiempo perdido, representa la quinta operación minera de la compañía y el segundo proyecto greenfield.
La mina cuenta con una economía impresionante, con una TIR después de impuestos del 41,8% (sin apalancamiento) y del 81,4% (50% apalancada) a 2,600 dólares por onza de oro. La mina de oro a cielo abierto, de propiedad al 100%, se proyecta que producirá 748,000 onzas de oro a lo largo de una vida útil de 11.3 años, con una producción promedio de 83,000 onzas anuales en los primeros tres años. La guía de producción para 2025 se establece entre 33,000 y 40,000 onzas.
Borborema establece un referente ESG a través de prácticas innovadoras, incluido el uso de agua gris del municipio cercano y energía renovable. Actualmente, el proyecto emplea a 2,184 personas, con un 68% contratado de la comunidad local, demostrando un fuerte compromiso con el desarrollo regional.
아우라 미네랄스 (TSX: ORA, OTCQX: ORAAF)는 브라질의 보르보레마 광산에서 생산 증가를 성공적으로 시작했으며, 상업적 생산은 2025년 3분기에 예상됩니다. 이 프로젝트는 19개월 만에 예산과 일정 내에서 완료되었으며, 시간 손실 사고가 없었습니다. 이는 회사의 다섯 번째 광산 운영이자 두 번째 그린필드 프로젝트를 나타냅니다.
이 광산은 세후 내부수익률(IRR)이 41.8% (무차입) 및 81.4% (50% 차입)로 인상적인 경제성을 자랑하며, 금 1온스당 2,600달러 기준입니다. 100% 소유의 노천 금광은 11.3년의 광산 수명 동안 748,000온스의 금을 생산할 것으로 예상되며, 첫 3년 동안 연평균 83,000온스를 생산할 계획입니다. 2025년 생산 가이드는 33,000-40,000온스로 설정되어 있습니다.
보르보레마는 인근 지방 자치단체의 회색수를 사용하고 재생 에너지를 포함한 혁신적인 관행을 통해 ESG 기준을 설정합니다. 현재 이 프로젝트는 2,184명의 인력을 고용하고 있으며, 68%가 지역 사회에서 채용되어 지역 개발에 대한 강한 의지를 보여주고 있습니다.
Aura Minerals (TSX: ORA, OTCQX: ORAAF) a réussi à initier l'augmentation de la production de sa mine de Borborema au Brésil, avec une production commerciale prévue pour le troisième trimestre 2025. Le projet, achevé dans le respect du budget et du calendrier en 19 mois sans incidents de temps perdu, représente la cinquième opération minière de l'entreprise et le deuxième projet en greenfield.
La mine affiche une économie impressionnante avec un TRI après impôts de 41,8% (sans levier) et de 81,4% (50% levé) à 2 600 $ par once d'or. La mine d'or à ciel ouvert, entièrement détenue, devrait produire 748 000 onces d'or sur une durée de vie de 11,3 ans, avec une production moyenne de 83 000 onces par an au cours des trois premières années. Les prévisions de production pour 2025 sont fixées entre 33 000 et 40 000 onces.
Borborema établit un référentiel ESG grâce à des pratiques innovantes, y compris l'utilisation d'eau grise provenant de la municipalité voisine et d'énergie renouvelable. Le projet emploie actuellement 2 184 personnes, dont 68% recrutées dans la communauté locale, démontrant ainsi un fort engagement envers le développement régional.
Aura Minerals (TSX: ORA, OTCQX: ORAAF) hat erfolgreich die Produktionssteigerung in seiner Borborema-Mine in Brasilien eingeleitet, mit einer kommerziellen Produktion, die für das dritte Quartal 2025 erwartet wird. Das Projekt wurde innerhalb des Budgets und Zeitplans in 19 Monaten ohne verlorene Arbeitszeit abgeschlossen und stellt den fünften Bergbaubetrieb des Unternehmens und das zweite Greenfield-Projekt dar.
Die Mine weist beeindruckende wirtschaftliche Kennzahlen auf, mit einer nach Steuern berechneten IRR von 41,8% (unleveraged) und 81,4% (50% leveraged) bei 2.600 USD pro Unze Gold. Die zu 100% im Besitz befindliche Tagebaumine wird voraussichtlich über eine Lebensdauer von 11,3 Jahren 748.000 Unzen Gold produzieren, mit einer durchschnittlichen Produktion von 83.000 Unzen jährlich in den ersten drei Jahren. Die Produktionsprognose für 2025 liegt bei 33.000-40.000 Unzen.
Borborema setzt einen ESG-Maßstab durch innovative Praktiken, einschließlich der Nutzung von Grauwasser aus der nahegelegenen Gemeinde und erneuerbarer Energie. Das Projekt beschäftigt derzeit 2.184 Mitarbeiter, wobei 68% aus der lokalen Gemeinschaft eingestellt wurden, was ein starkes Engagement für die regionale Entwicklung zeigt.
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ROAD TOWN, British Virgin Islands, March 28, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce that production ramp-up at its Borborema Mine (“Borborema” or “Mine”) has commenced. The mine and plant are currently in operation and the Company expects to achieve commercial production by Q3 2025. Borborema is poised to become a cornerstone asset for Aura, expected to have the second-highest annual production among the Company's five operations currently at production stage, once commercial production is achieved. Aura envisions Borborema to be a strong economic driver and a testament to its strategic growth in Brazil's mining landscape.
Rodrigo Barbosa, President, and CEO, commented, “The start of production at Borborema marks a proud milestone for Aura—our fifth mining operation and second greenfield project, projected to be one of our lowest-cost mines, built on time and on budget in just 19 months with zero lost time incidents. This success showcases our strategy of creating simple, scalable, and efficient projects that are easy to build and run, setting the stage for Aura as a reliable operator and new mine builder. Borborema stands as a global ESG benchmark, driven by innovations like using grey water from the nearby municipality and renewable energy, fully embodying our Aura 360 commitment to responsible operations.”
Mr. Barbosa added, “We are also pleased to highlight the strong economic fundamentals of the Mine, which delivers an after-tax internal rate of return (IRR) of
The
Borborema`s Highlights:
- Annual Production - average of 83,000 Oz. per year for the first 3 years1; Borborema 2025 Production Guidance is between 33,000-40,000 Oz.
- LOM - 11 years, based on existing Proven and Probable Mineral Reserves
- Submitted Approval of the Road Relocation - Relocating the road has the potential to convert significant additional Indicated Mineral Resources (exclusive of current Mineral Reserves) into Mineral Reserves2 (Figure 2).
- Growing Workforce Contributing to Region and Community Development - Borborema employs approximately 2,184 personnel directly and indirectly, with
68% currently hired from the local community with efforts to expand this percentage, encouraging entrepreneurship and regional economic growth. Operators training, focused on local community, was concluded, building a skilled local workforce for the plant operation.
Figure 1: Location of the Borborema Project, Rio Grande do Norte, Brazil
Figure 2: Borborema Project-Mineral Resource Outlines, Feasibility Study Mineral Reserve Optimized Pit Shell and Current Highway
Figure 3: Ball mill
Figure 4: Borborema Overview
Figure 5: Borborema Team
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Farshid Ghazanfari, P.Geo., Geology and Mineral Resources Manager, an employee of Aura and a “qualified person” within the meaning of NI 43-101.
About Aura 360° Mining
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 5 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena, Almas and Borborema gold mines in Brazil, and the Minosa (San Andres) mine in Honduras. The Company’s development projects include Cerro Blanco in Guatemala and Matupá 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 Carajas (Serra da Estrela) copper project in the prolific Carajás region of Brazil.
For further information, please contact us or follow our updates on our website and social media:
www.auraminerals.com
X: @AuraMineralsNA)
LinkedIn: aura-minerals-inc
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, including the timeline for the commencement of ramp up and for achieving commercial production, as well as the Company’s expectations regarding gold production at Borborema during 2025, besides the Company's expectations regarding the time required to complete the studies and to announce the start of construction of the Matupa Project. 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. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. 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, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, 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.
1 This analysis is not included in the Borborema FS, this is a management simulation with a gold price of US
2 Based on assumptions presented in the Feasibility Study Technical Report (NI 43-101) for the Borborema Gold Project, Currais Novos Municipality, Rio Grande do Norte, Brazil (2023)
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/55ed6d7c-d1cf-4d7e-a813-2343eb0ef47b
https://www.globenewswire.com/NewsRoom/AttachmentNg/82e5a891-0545-4c47-b697-2d5c8fd2214a
https://www.globenewswire.com/NewsRoom/AttachmentNg/ddc54e21-e12a-4b13-9601-690140341d10
https://www.globenewswire.com/NewsRoom/AttachmentNg/84ffa5e8-84d9-47ed-a854-1abecfa0d7f2
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Investor Relations ri@auraminerals.com
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