Make Kitco Your Homepage

Aura boosts gold equivalent production 68% in Q1 2021

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.