Aura Minerals: Borborema Mine Commences Production Ramp-up
ROAD TOWN, British Virgin Islands, March 28, 2025 – Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF) (“Aura” or the “Company”), a mid-tier gold and copper producer, is thrilled to share that the production ramp-up at its Borborema Mine in Brazil has officially begun. The mine and plant are now in operation, and the Company anticipates reaching commercial production by the third quarter of 2025.
Background on Borborema Mine
Borborema Mine, located in the Minas Gerais State of Brazil, is a significant asset for Aura Minerals. The mine holds substantial gold and copper reserves, making it a key contributor to the Company’s production portfolio. Borborema’s gold production is projected to average approximately 125,000 ounces per year, while copper production is estimated to reach around 13,000 tonnes per year.
Impact on Aura Minerals and its Stakeholders
The commencement of production ramp-up at Borborema Mine represents a significant milestone for Aura Minerals. This development not only enhances the Company’s production profile but also strengthens its financial position. With the increased production, Aura is expected to generate higher revenues and cash flows, enabling the Company to reinvest in its growth projects and return value to its shareholders.
Global Implications
Beyond Aura Minerals, the Borborema Mine’s production ramp-up holds implications for the global mining industry and the broader economy. The mine’s output will contribute to the global gold and copper supply, potentially influencing market prices. Moreover, the increased production may lead to employment opportunities in the local community and contribute to the economic growth of the region.
Looking Ahead
Aura Minerals remains committed to its growth strategy, focusing on optimizing operations at Borborema Mine and advancing its other projects. The Company’s ongoing efforts to improve efficiency, reduce costs, and enhance safety at Borborema are expected to yield positive results in the near term. Furthermore, Aura is evaluating potential expansion opportunities to further bolster its production profile and create long-term value for its stakeholders.
- Aura Minerals announces production ramp-up at Borborema Mine
- Mine and plant now in operation
- Commercial production projected for Q3 2025
- Borborema Mine to contribute significantly to Aura’s production profile
- Global implications: potential impact on gold and copper markets, employment opportunities, economic growth
In conclusion, Aura Minerals’ Borborema Mine commencing production ramp-up is an exciting development for the Company and its stakeholders. With the mine and plant now in operation, Aura is on track to achieve commercial production by Q3 2025. This milestone will significantly enhance Aura’s production profile and financial position, ultimately benefiting its shareholders. Additionally, the Borborema Mine’s output will contribute to the global gold and copper supply, potentially impacting market prices and providing employment opportunities in the local community. Aura Minerals remains focused on optimizing operations at Borborema and exploring potential expansion opportunities to create long-term value for its stakeholders.
