Aura Minerals expecting output boost from Brazil gold assets

Canadian gold miner Aura Minerals expects to boost production with the help of its Brazilian assets.

Last year Aura produced 242,524oz gold equivalent and aims at 400,000oz in 2024 and 450,000oz in 2025. In 4Q22, output reached 67,663oz gold equivalent, compared to 76,827oz a year ago. 

"Last quarter, we had the second highest production in Aura’s history, which demonstrates consistency in our growth plans. In addition, during the quarter we advanced Almas’ construction, finishing the year with 87% of the construction completed and on track to deliver the project early this year," CEO Rodrigo Barbosa said in a statement.

Aura expects rising output after Almas in Brazil’s Tocantins state starts production in Q2.

Borborema in Rio Grande do Norte, which Aura acquired after taking control of Australia's Big River Gold, is another key project.

"The end of 2022 was an important quarter as we made progress on our understanding of the Borborema project and updated our guidance …  We are now set up for an even stronger 2023 with a continued focus on growth while returning capital to our shareholders," said Barbosa. 

Aura’s producing mines are in Brazil, Honduras and Mexico.