The latest update is out from Aura Minerals ( (TSE:ORA) ).
Aura Minerals has successfully commenced the production ramp-up at its Borborema Mine in Brazil, with expectations to reach commercial production by Q3 2025. The Borborema Mine is anticipated to become a key asset for Aura, showcasing strong economic fundamentals with a high internal rate of return and significant potential for reserve growth. The project highlights Aura’s commitment to efficient and responsible mining, setting an ESG benchmark with innovations like using grey water and renewable energy. The mine is expected to contribute significantly to regional development, employing a large workforce from the local community.
More about Aura Minerals
Aura Minerals is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The company operates five mines, including the Aranzazu copper-gold-silver mine in Mexico and several gold mines in Brazil and Honduras. Aura is committed to responsible mining practices, emphasizing its 360° Mining approach, which considers the impact on stakeholders, including communities and employees.
YTD Price Performance: 60.68%
Average Trading Volume: 46,242
Technical Sentiment Signal: Sell
Current Market Cap: C$2.05B
For detailed information about ORA stock, go to TipRanks’ Stock Analysis page.