Aura Minerals reports gold equivalent production increase in Q3 2021
(Kitco News) - Aura Minerals (TSX: ORA) reported yesterday that total production across Aura's operations in Q3 2021 was 61,588 gold equivalent ounces ("GEO"), an increase of 7% compared to total production of 57,725 GEO Q3 2020.
The company said that in the first nine months of 2021, total production across Aura's operations was 191,389 GEO. Aura added it expects to achieve higher production volumes during the fourth quarter of 2021.
According to the company's statement, in the twelve months ended September 30, 2021, its production reached 260,353 GEO, a record for Aura.
President and CEO Rodrigo Barbosa noted, "The third quarter of 2021 showed a strong production at Aranzazu after the expansion of its production capacity, while EPP had excess rain, operational challenges and lower than expected grades. San Andres suspended its activities for most of the month of July. Nevertheless, we reached another 12-month period record with over 260,000 GEO and we expect to further increase our total production in the near future."
Despite a reduction in quarterly production in each of the last two quarters, the company said it maintains the trend towards increasing its annual production for 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.
In addition, the company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.