Aura Announces Q3 2023 Financial and Operational Results and Guidance Update

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Algemeen advies 08/11/2023 06:34
ROAD TOWN, British Virgin Islands, November 6, 2023 – Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX:
ORAAF) (“Aura” or the “Company”) announces that it has filed its unaudited consolidated financial statements and
management discussion and analysis (together, “Financial and Operational Results”) for the period ended September 30,
2023 (“Q3 2023”). The full version of the Financial and Operational Results can be viewed on the Company’s website at or on SEDAR at All amounts are in U.S. dollars unless stated otherwise.
Rodrigo Barbosa, President and CEO of Aura, commented: “During Q3, Aura achieved a critical milestone with a year of zero
lost-time incidents, demonstrating our unwavering commitment to safety across all operations. Financially, we saw significant
growth with increases in volume, revenues, and EBITDA, and we anticipate continued enhancements in volume and margins
in Q4. Despite lower-than-expected productivity at EPP due to above-average rainfall, which delayed high-grade output from
Ernesto, our strategic progress was substantial: we launched commercial production at Almas, pioneering industry standards
for efficiency; completed a pivotal Feasibility Study for Borborema with 52% IRR (after tax and leveraged) at $1,900 Oz gold
price; acquired the final 20% share; and secured construction financing. These efforts have solidified our strategy to reach an
annualized production rate of 450,000 GEO by 2025.”
Q3 2023 Financial and Operational Highlights:
• Production reached 64,875 GEO in Q3 2023, an increase of 34% compared to Q2 2023 and 12% compared to Q3
o Aranzazu: Production of 27,933 GEO, was aligned with the Company's expectations and compared to Q2
2023, production increased by 11% due to increased tonnage and higher head grades. Production increased
by 7% compared to Q3 2022. This quarter's results were further improved by the mine contractor's utilizing
of advanced drilling equipment.
o EPP: Production of 11,185 Oz gold represented a 62% increase compared to Q2 2023. The increase was
mainly due to the mining of the high-grade zone at Ernesto and the processing of low-grade ore from existing
stockpiles. Unexpected heavy and unusual rainfall during the quarter slowed operation in high-grade Ernesto
pit (“Ernesto”) and impacted productivity, and now Ernesto is expected to be in production until Q1 2024.
o San Andres: Production of 17,543 Oz gold represented a 7% increase from Q2 2023, marking the third
consecutive quarter of increased production. Enhancements in the stacking system, including the
incorporation of new grasshoppers, contribut.. see &

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