Mining News
Aura boosts gold equivalent production 68% in Q1 2021
(Kitco News) - Aura Minerals (TSX: ORA) (B3: AURA33) reported that it has reached quarterly production of 66,782 gold equivalent ounces ("GEO") in Q1 2021, which is 68% more compared to consolidated production of 39,735 GEO in Q1 2020.
The company said that Q1 2021 results represent the second highest consolidated production (measured in GEO) in the company's history for a single quarter, just behind the 68,964 GEO reported in Q4 2020, where temporary access to high grades from the Ernesto mine at the Company's EPP project contributed to record results.
President and CEO Rodrigo Barbosa noted, "Under our consolidated operational plan, we expected the first two quarters of 2021 to have the lowest grades and production. Despite this, we achieved the company's second highest quarterly consolidated production, just behind Q4 2020. Aranzazu reached production of 100,000 tons at the mine in March and is moving towards full capacity of 100,000 tons at the plant. Moreover, the company expects to reach higher grades at the Ernesto mine at EPP during Q3 2021, with continued access to higher grades expected in Q4 2021."
Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and the Gold Road gold mine in the United States.
