Aura Minerals (TSE:ORA) has released an update.
Aura Minerals Inc. has reported a robust start to 2024, with a 28% increase in production and a 45% rise in EBITDA compared to Q1 2023, alongside a Recurring Free Cash Flow of $19 million. Despite an average gold price rise of just 9.6% and a fall in copper prices, the company has also managed to reduce its All-In Sustaining Costs to $1,287 per GEO. Additionally, Aura has made progress on its Borborema project, which is now 25% complete and projected to yield an impressive NPV of $439 million at the current gold price.
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