Aura Announces First Gold Pour at Almas

ROAD TOWN, British Virgin Islands, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce the first gold pour at Almas Mine (“Almas” or “Mine”) on August 10, 2023. Since the commencement of production on April 23, approximately 152.00 tons of ore was processed, 46,000 in June and 106,000 tons in July from the Paiol pit, nearing the nominal capacity of 114,000 tons per month.

The commissioning of the mill is ongoing and above Aura’s expectations with commercial production anticipated in the coming weeks. The Company is on track to meet the 2023 guidance of between 23,000 to 28,000 ounces.

Rodrigo Barbosa, Aura’s President, and CEO commented, “Achieving the first gold pour at Almas is a significant milestone for Aura given it is the first ever green field project we have constructed, and that being on time and on budget. We are proud of this achievement, and I would like to thank our entire team for their tireless efforts and the community for their unwavering support. We expect to announce commercial production imminently and look forward to showcasing how Almas will positively impact production and financial outlook.”

Qualified Person

The scientific and technical information contained within this news release has been reviewed and approved by Tiãozito V. Cardoso, FAusIMM, Technical Services Director for the Company. Mr. Cardoso is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Aura 360° Mining

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company’s producing assets include the San Andres gold mine in Honduras, the EPP gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the Company has the Tolda Fria gold project in Colombia and five projects in Brazil, of which four gold projects: Almas, which is under final phase of ramp-up; Borborema and Matupá, which are in development; and São Francisco, which is on care and maintenance. The Company also owns the Serra da Estrela copper project in Brazil, Carajás region, which is at the exploration stage.