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Metal & Mining Stocks
Aura Minerals Inc. (TSX: ORA) Commences Production Ramp-Up at Borborema Mine
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Highlights
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) has announced the commencement of production ramp-up at its Borborema gold mine, located in the municipality of Currais Novos in northeast Brazil. The mine and its plant are currently in operation, with commercial production expected to be achieved by Q3 2025. Once fully operational, Borborema is anticipated to be one of the company’s top producers, ranking second in annual gold output among Aura's five currently operational mines.
Rodrigo Barbosa, President and CEO, emphasized the significance of this achievement, noting that Borborema is Aura’s fifth mining operation and second greenfield project. The mine was constructed within 19 months, on time and on budget, with zero lost-time incidents. It is expected to be one of the company’s lowest-cost mines, contributing to Aura’s strategy of creating scalable, efficient projects. Additionally, Borborema is seen as a global environmental, social, and governance (ESG) benchmark, utilizing grey water and renewable energy sources to minimize its environmental footprint.
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