Aura Announces Q4 2023 Production Results, 7% above Q3 2023 - Seite 2

Since commencing commercial production in August 2023, results have exceeded market benchmarks. Furthermore, upgrades in infrastructure are underway to increase the plant processing capacity for the upcoming quarters.

Rodrigo Barbosa, Aura’s President and CEO commented, “We have made considerable progress in the fourth quarter, with production enhancements across multiple operations and achieved our highest quarterly production in 2023, reaching 69k GEO. Production at Apoena significantly improved once we reached again the Ernesto pit and pushed some of the higher grades to early 2024. At Minosa, we stabilized the mine and achieved four consecutive quarters of production improvements. At Aranzazu, we maintained a high performance level during the quarter, with stable production. Despite minor setbacks at Almas due to lower performance when we reached fresh rock, we have addressed all issues and finished December with mine productivity according to plan, setting the stage for a successful start to 2024. We are now well-positioned to continue improving our overall performance while simultaneously advancing construction at the Borborema project and finalizing licensing for Matupa.”

Production Results

Preliminary GEO²³ production volume for the three months ended December 31, 2023, when compared to the previous quarter and the same period of the previous year is presented below:

	Q4 2023	Q3 2023	Q4 2022	% change vs. Q3 2023	% change vs. Q4 2022
Ounces produced (GEO1)
Aranzazu	26,532	27,933	28,591	-5%	-7%
Apoenda (EPP) Mines	15,217	11,185	26,901	36%	-43%
Minosa (San Andres)	17,854	17,543	12,171	2%	47%
Almas	9,591	8,214	N/A	17%	N/A
Total GEO produced - current prices	69,194	64,875	67,663	7%	2%
Total GEO produced - constant prices	69,194	63,921	65,376	8%	6%
[1] Includes ounces produced and which were capitalized for projects at pre-commercial production stages.