By The Rio Times | Created at 2025-01-10 18:24:13 | Updated at 2025-01-10 21:57:59
3 hours ago
Aura Minerals has successfully met and exceeded its annual production guidance for 2024, achieving a total production of 267,232 GEO (Gold Equivalent Ounces).
This represents a 13% increase compared to 2023 at current prices and an 18% increase at constant prices. It also surpasses the midpoint of its 2024 guidance range of 244,000 to 292,000 GEO.
Fourth quarter production reached 66,473 GEO, showing stability despite being 1% below Q3 2024. The Almas mine set a new production record with an 11% increase compared to Q3 2024.
Aranzazu demonstrated stable performance, closing 2024 with 97,558 GEO. Meanwhile, Minosa maintained consistent production above 19,000 ounces throughout the year, despite a 7% decrease from Q3 due to rainfall.
The market responded positively to these results, with Aura’s BDRs (AURA33) rising 5.23% on the B3 exchange to R$24.94, while its ORA shares on the Toronto Stock Exchange advanced 3.47%.
Aura Minerals Exceeds 2024 Production Targets, Shares Rise 5%. (Photo Internet reproduction)CEO Rodrigo Barbosa emphasized that 2024 demonstrated lower production volatility, aligning with the company’s long-term strategy.
Looking ahead, Aura expects to secure licenses for the Nosde pit expansion at Apoena in early 2025, addressing previous delays that affected access to higher-grade zones.
The company’s strong performance in 2024, supported by favorable gold market conditions, positions it for continued growth. This growth is expected to occur within the mining sector.
