From GlobeNewswire: 2025-04-01 00:11:00

Aura Minerals Inc. reports updated Mineral Reserves and Resources for its four operating mines and development projects in the 2024 Annual Information Form. The company invested $21.8 million in exploration and achieved one of the industry’s lowest discovery costs. Notable reserve growth at Apoena extended its life-of-mine to seven years, offsetting reductions elsewhere. Measured and Indicated Resources grew post-depletion, bolstered by successful drilling at Apoena and Almas. Mineral Reserves and Resources estimates are based on updated models reflecting a higher pricing environment. Aura’s ongoing exploration activities aim to improve data reliability and support future growth opportunities.

Aura successfully drilled over 100,000 meters across its portfolio, investing $21.8 million in exploration to achieve low discovery costs. The company’s Proven and Probable Reserves held steady at 3.4 million GEO. Notable reserve growth was seen at Apoena, extending its life-of-mine to seven years. Measured and Indicated Resources increased post-depletion, with notable growth at Apoena and Almas. Inferred Resources also increased, driven by new discoveries at Aranzazu. Aura’s strategic focus includes advancing greenfield and brownfield targets to support future resource growth through exploration activities. Metal price assumptions used for estimating Mineral Reserves were updated to reflect higher pricing while maintaining a conservative outlook.



Read more at GlobeNewswire: Aura Reports Updated Mineral Reserves And Mineral Resources