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Aura says achieved second highest gold equivalent production in its history in Q4 and FY22

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Aura Minerals (TSX: ORA) today announced preliminary total production of 67,663 gold equivalent ounces in Q4 2022.

The company said that excluding Gold Road, it was the second highest production achieved in a single quarter, behind its Q4 2021 production.

Aura Minerals added that its total preliminary production for 2022 reached 242,524 gold equivalent ounces at current prices – also the second highest production in a single year in the history of the company.

In a press release, the company noted that its total gold equivalent production increased 16% in Q4 2022 compared to Q3 2022, when calculated based on current prices, adding that based on constant prices, production in Q4 2022 was 5% lower than in Q4 2021, when Aura recorded its highest quarterly production in its history.

President and CEO Rodrigo Barbosa stated, “Last quarter we had the second highest production in Aura’s history, which demonstrates consistency in our growth plans. In addition, during the quarter we advanced Almas’s construction, finishing the year with 87% of the construction completed and on track to deliver the project early this year.

“The end of 2022 was an important quarter as we made progress on our understanding of the Borborema project and updated our guidance to achieve 400,000 GEO (annualized) in 2024 and 450,000 GEO in 2025, while paying US$20 million in dividends and US$10 million in share buybacks resulting in total yield of about 6% in 2022 only. We are now set up for an even stronger 2023 with a continued focus on growth while returning capital to our shareholders.”

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 EPP gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico.

In addition, the company has the Tolda Fria gold project in Colombia and four gold projects in Brazil: Almas, which is under construction; Borborema and Matupá, which are in development; and São Francisco, which is on care and maintenance.

New Gold produces 347,054 gold equivalent ounces in 2022, achieves updated guidance
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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