Aura Minerals

Aura Minerals Strengthens its Social Impact with the Launch of a Vineyard at the Minosa Mine, Honduras

Retrieved on: 
Thursday, February 8, 2024

This commitment extends to our approach to responsible mining and our latest venture in Honduras.

Key Points: 
  • This commitment extends to our approach to responsible mining and our latest venture in Honduras.
  • This focus on generating positive impacts for our communities highlights Aura's commitment and is a core aspect of our culture.
  • This integrated approach defines our way of working and being, reinforcing our journey towards significant change in the Aura Minosa region and Honduras as a whole."
  • Image 1: Rodrigo Barbosa, President and CEO of Aura Minerals, joined by Andrea Saldanha Watson Ambassador of Brazil in Honduras, and Miguel Medina, Investment Promotion Minister of Honduras, to plant the first seedling for the Seeds of Hope Venture

Dundee Corporation Closes Privatization Transaction of Big River Gold With Aura Minerals to Develop and Participate in Future Cash Flows From the Borborema Mine

Retrieved on: 
Wednesday, September 21, 2022

The Supreme Court of Western Australia approved the acquisition of Big River on September 8, 2022.

Key Points: 
  • The Supreme Court of Western Australia approved the acquisition of Big River on September 8, 2022.
  • Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation commented: I am pleased to announce the closing of this transaction and for Dundee to participate directly in any future cash flows of this high-quality, development stage mining project in Brazil.
  • This is clearly a transformational transaction for Dundee, and we are looking forward to our evolution toward becoming an emerging gold producer.
  • Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A.

Dundee Corporation Transformation Shows Progress and Generates Profit in First Quarter of 2022

Retrieved on: 
Thursday, May 12, 2022

TORONTO, May 11, 2022 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the Corporation or Dundee) today announced its financial results for the three months ended March 31, 2022.

Key Points: 
  • TORONTO, May 11, 2022 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the Corporation or Dundee) today announced its financial results for the three months ended March 31, 2022.
  • On a consolidated basis, the Corporation reported cash of $76.2 million as at March 31, 2022 (December 31, 2021 $93.9 million).
  • Mr. Goodman continued, We continued to make progress in reducing our corporate G&A run rate in the first quarter of 2022.
  • On March 1, 2022, Dundee Technologies announced the closing of a private placement for total consideration of $0.6 million.

Aura to Acquire Big River Gold via an Australian Scheme of Arrangement

Retrieved on: 
Tuesday, April 19, 2022

ROAD TOWN, British Virgin Islands, April 19, 2022 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX:ORA, B3:AURA33) (“Aura” or the “Company”) is pleased to announce that it has entered into a binding Scheme Implementation Deed (“SID”) with Big River Gold Limited (ASX:BRV) (“Big River”), pursuant to which a subsidiary of Aura (“Aura BidCo”) will acquire 100% of the issued and outstanding ordinary shares in the capital of Big River (“Big River Shares”) by way of a scheme of arrangement under Part 5.1 of the Australian Corporations Act 2001 (“Scheme”). Pursuant to the Scheme, holders of Big River Shares (“Big River Shareholders”), other than Dundee Resources Limited (“Dundee Resources”), will receive A$0.36 in cash (“Cash Consideration”) for each Big River Share held. Aura will hold its interest in Aura BidCo through an intermediate holding company (“Aura JVCo”) and Dundee Resources has agreed, subject to certain limited conditions, to receive shares in Aura JVCo (“Share Consideration”), in lieu of the Cash Consideration in order to indirectly maintain an equity interest in Big River (“Transaction”). Unless otherwise stated, all dollar values in this announcement are in Australian dollars.

Key Points: 
  • Pursuant to the Scheme, holders of Big River Shares (Big River Shareholders), other than Dundee Resources Limited (Dundee Resources), will receive A$0.36 in cash (Cash Consideration) for each Big River Share held.
  • Big Rivers independent board committee (Big River IBC) has unanimously recommended that Big River Shareholders vote in favour of the Scheme, subject to certain standard conditions.
  • As Big River is a public company in Australia, the exclusivity arrangements are subject to customary exceptions that enable the Big River IBC and Big Rivers directors to comply with their fiduciary and / or statutory duties.
  • Refer to the Big River ASX announcement at www.asx.com.au (under the Big River ASX ticker BRV) for further details of the terms of the intentions of Copulos.

Dundee Corporation Signs Deal in Partnership With Aura Minerals to Develop and Participate in Future Cash Flows From the Borborema Mine

Retrieved on: 
Tuesday, April 19, 2022

In conjunction with this announcement, Aura unveils plans to acquire 100 percent of Big River.

Key Points: 
  • In conjunction with this announcement, Aura unveils plans to acquire 100 percent of Big River.
  • Aura to acquire 100 percent of Big River and form an 80/20 percent joint venture with Dundee Resources.
  • Upon completion of the acquisition of Big River by Aura, Auras and Dundee Resources joint venture interest in Big River will be held through an intermediate holding company (Aura JVCo).
  • Dundee Resources may elect to receive the cash consideration in lieu of share consideration in limited situations, allowing Aura to acquire 100 percent control of Big River.

South Star Battery Metals Announces Appointing of Key Team Members for Santa Cruz Graphite Mine Phase 1 Construction and Operations

Retrieved on: 
Tuesday, February 22, 2022

VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ - South Star Battery Metals Corp. ("South Star"or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has hired key team members for Phase 1 construction and subsequent operations of the Santa Cruz Graphite Mine in Brazil.

Key Points: 
  • VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ - South Star Battery Metals Corp. ("South Star"or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has hired key team members for Phase 1 construction and subsequent operations of the Santa Cruz Graphite Mine in Brazil.
  • South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas.
  • South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production.
  • and South Star is executing on it's plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions.

Aura Releases its Third Quarter 2021 Financial Statements and Management Discussion and Analysis and Announces Updates to its 2021 Operational and Financial Guidance

Retrieved on: 
Wednesday, November 10, 2021

Despite some challenges, we broke another record and we are on track to reach our guidance.

Key Points: 
  • Despite some challenges, we broke another record and we are on track to reach our guidance.
  • San Andres: Interruptions in the operations in July 2021 negatively impacted the projected production for the year by about 5,000 to 6,000 Oz.
  • In the last quarter of 2021, we expect operational stability coupled with continued improvements in mine and plant management.
  • For the fourth quarter of 2021, we expect a gradual improvement in ore grades from the Ernesto pit.

Aura Releases its Second Quarter 2021 Financial Statements and Management Discussion and Analysis and Announces Updates to its 2021 Operational and Financial Guidance

Retrieved on: 
Wednesday, August 11, 2021

Aura believes its properties have strong geological potential and managements objective is to expand the life of mine across its business units.

Key Points: 
  • Aura believes its properties have strong geological potential and managements objective is to expand the life of mine across its business units.
  • The Companys future profitability, operating cash flows, and financial position will be closely related to the prevailing prices of gold and copper.
  • Management believes that the short-to-medium term economic environment is likely to remain relatively supportive for commodity prices but with continued volatility.
  • For more information please refer to the section entitled Non-GAAP Performance Measures in the Companys Managements Discussion and Analysis.

Aura Releases its First Quarter 2021 Financial Statements and Management Discussion and Analysis

Retrieved on: 
Tuesday, May 11, 2021

b'ROAD TOWN, British Virgin Islands, May 10, 2021 (GLOBE NEWSWIRE) -- Aura Minerals, Inc. (\xe2\x80\x9cAura Minerals\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) announces today the Company has filed its consolidated financial statements for the quarter ended March 31, 2020 and related management discussion and analysis.\nRodrigo Barbosa, CEO of Aura, comments: \xe2\x80\x9cOn behalf of the Aura team, I am very pleased to be able to announce these record results for the quarter ended March 31, 2021.

Key Points: 
  • b'ROAD TOWN, British Virgin Islands, May 10, 2021 (GLOBE NEWSWIRE) -- Aura Minerals, Inc. (\xe2\x80\x9cAura Minerals\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) announces today the Company has filed its consolidated financial statements for the quarter ended March 31, 2020 and related management discussion and analysis.\nRodrigo Barbosa, CEO of Aura, comments: \xe2\x80\x9cOn behalf of the Aura team, I am very pleased to be able to announce these record results for the quarter ended March 31, 2021.
  • The quarter yielded Net Revenues of US$ 116 million and EBITDA of US$ 52 million, continuing our solid growth and performance over the last 3 quarters.
  • We are pleased with the consistent results across our operations over the last nine months since we were able to fully resume all operations following interruptions due to the COVID-19 pandemic.
  • These non-GAAP measures do not have any standardized meaning within IFRS and therefore may not be comparable to similar measures presented by other companies.

Aura Declares Dividend of US$ 60 Million

Retrieved on: 
Monday, March 15, 2021

ROAD TOWN, British Virgin Islands, March 15, 2021 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33) (Aura or the Company) announced today that the board of directors of the Company approved the payment of a dividend (the Dividend) of US$ 0.83 per common share (approximately US$ 60 million in total).

Key Points: 
  • ROAD TOWN, British Virgin Islands, March 15, 2021 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33) (Aura or the Company) announced today that the board of directors of the Company approved the payment of a dividend (the Dividend) of US$ 0.83 per common share (approximately US$ 60 million in total).
  • The Dividend is in excess of the minimum dividend payable pursuant to the Companys dividend policy, as announced June 22, 2020, based on the Companys financial results for the year ended December 31, 2020.
  • The Dividend will be paid on April 6, 2021 to shareholders of record as of the close of business on March 26, 2021.
  • Rodrigo Barbosa, President & CEO, comments: The Company finished 2020 in a very strong position, with US$ 118 million in cash and negative net debt of US$ 48 million.