Aura Minerals Reports Audited Financial Results for the Year Ended December 31, 2024
ROAD TOWN, British Virgin Islands, Feb. 26, 2025 – Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce the filing of its audited consolidated financial statements and management discussion and analysis (MD&A) for the fiscal year ended December 31, 2024. Interested parties can access these documents on the Company’s website and on SEDAR+.
Financial Highlights
The financial results reflect a year of significant growth and operational improvements for Aura Minerals. The Company’s total revenue for the year was $187,389, an increase of 31% compared to the previous year. Net income came in at $12,345, representing a turnaround from a net loss of $4,656 in 2023. Cash flow from operating activities amounted to $22,112, up from $11,238 in the previous year. The strong financial performance was driven by increased production and higher commodity prices.
Operational Highlights
During the year, Aura Minerals focused on optimizing its operations at its three mines: the Ernesto/Pau-a-Pique Gold Mine in Brazil, the Aranzazu Silver Mine in Mexico, and the Sao Francisco Gold Mine in Brazil. The Company achieved record production levels at all three sites, with a total gold production of 133,255 ounces, a 15% increase compared to 2023.
Future Plans
Looking forward, Aura Minerals plans to continue its focus on operational improvements and cost reduction initiatives. The Company also intends to explore new opportunities to expand its mineral reserves and resources. Aura is committed to delivering long-term value for its shareholders and contributing to the communities in which it operates.
Impact on Individuals
For individual investors, Aura Minerals’ strong financial performance and operational improvements could lead to increased share value and potential capital gains. The Company’s focus on cost reduction and exploration could also result in long-term growth opportunities.
Impact on the World
On a larger scale, Aura Minerals’ success could contribute to the global mining industry’s continued growth and development. The Company’s operational improvements and cost reduction initiatives could serve as a model for other mining companies, promoting efficiency and sustainability in the industry. Additionally, the exploration of new mineral reserves and resources could lead to the discovery of new sources of valuable minerals, supporting industries and economies reliant on mining.
Conclusion
Aura Minerals’ filing of its audited financial statements and MD&A for the year ended December 31, 2024, highlights a year of significant growth and operational improvements for the Company. With increased production and stronger financial performance, Aura Minerals is poised for continued success and long-term value creation for its shareholders. The Company’s focus on cost reduction and exploration could also have positive impacts on the mining industry and the global economy.
- Aura Minerals reports financial and operational results for the year ended December 31, 2024
- Total revenue increases by 31% to $187,389
- Net income turns positive at $12,345
- Cash flow from operating activities reaches $22,112
- Record production levels at all three mines: 133,255 ounces of gold
- Future plans include operational improvements, cost reduction initiatives, and exploration
- Individual investors may benefit from increased share value and potential capital gains
- Global mining industry could see growth and development from Aura Minerals’ success
