Aura Minerals

Aura Reports Updated Mineral Reserves and Mineral Resources

Retrieved on: 
Tuesday, April 2, 2024

The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.

Key Points: 
  • The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.
  • The charts below show changes in P&P Mineral Reserves Estimates, M&I Mineral Resources Estimates and Inferred Mineral Resources Estimates for Apoena as of December 31, 2023, compared to December 31, 2022.
  • Mineral Reserves estimated by Aura total approximately 34.5 Mt in P&P Mineral Reserves at an average grade of 0.50 g/t Au.
  • Borborema also showcases a strong Mineral Reserve base, with Probable Mineral Reserves of 812,000 oz gold, and an extensive Mineral Resource profile with strong growth potential that consists of 2,077 koz of indicated Mineral Resources and 393 koz of Inferred Mineral Resources.

Aura Minerals Announces Normal Course Issuer Bid and Concurrent Buyback Program for Brazilian Depositary Receipts

Retrieved on: 
Thursday, March 14, 2024

The Company is also announcing the concurrent launch of a buyback program (the "BDR Buyback Program") for its Brazilian depositary receipts (the "BDRs") which are listed on the B3 S.A. – Brasil, Bolsa, Balcão (the "B3"), for the purchase of BDRs by the Company, its subsidiaries or investment vehicles.

Key Points: 
  • The Company is also announcing the concurrent launch of a buyback program (the "BDR Buyback Program") for its Brazilian depositary receipts (the "BDRs") which are listed on the B3 S.A. – Brasil, Bolsa, Balcão (the "B3"), for the purchase of BDRs by the Company, its subsidiaries or investment vehicles.
  • Aura Minerals intends to concurrently launch a buyback program for its BDRs which are listed on the B3.
  • Purchases of BDRs under the BDR Buyback Program are expected to be made by BTG Pactual Corretora de Títulos e Valores Mobiliários S.A. through the facilities of the B3.
  • The BDR Buyback Program is not intended to (i) discontinue the Company's BDR program, or (ii) cancel the Company's registration with CVM as a foreign issuer registered as a category "A" publicly-held company.

Lithium Royalty Corp. Acquires Third Royalty in Brazil

Retrieved on: 
Monday, March 11, 2024

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) has entered into an agreement to acquire a newly created 1.5% gross overriding revenue (GOR) royalty on the land claims held by M4E Lithium Ltda.

Key Points: 
  • Lithium Royalty Corp. (TSX: LIRC) (“LRC”) has entered into an agreement to acquire a newly created 1.5% gross overriding revenue (GOR) royalty on the land claims held by M4E Lithium Ltda.
  • LRC has been an early and consistent supporter of the most prospective lithium projects in the country, having partnered with Sigma Lithium in 2018 and Atlas Lithium in 2023.
  • M4E is an Emerging Lithium Explorer: M4E holds one of the largest lithium exploration packages in Brazil, covering over 91,000 hectares across the Lithium Valley in Minas Gerais, Borborema, Ceara and Tocantins region.
  • Brazil to Continue to Expand its Leading Position in Lithium: Brazil is currently the largest hard rock lithium producer in the Americas, with three producers of spodumene concentrate.

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.