Aura Minerals Details Robust Almas Project Expansion, $1.19B After-Tax NPV, and 891K Oz Gold Reserves

summarizeSummary

Aura Minerals filed an amendment to its annual report, including the S-K 1300 Technical Report Summary for its Almas Project, revealing a substantial increase in gold reserves, a positive economic analysis with a $1.19 billion after-tax NPV, and plans for significant operational expansion.

check_boxKey Events

• Significant Reserve Increase

  Total Proven & Probable Mineral Reserves for the Almas Project increased to 33,878 kt containing 891,000 ounces of gold, representing a 72% increase in tonnage and a 32% increase in contained gold compared to the previous year.

• Strong Economic Outlook

  The Almas Project demonstrates robust economics with an after-tax Net Present Value (NPV) of approximately US$1.19 billion (at a 5% discount rate) and an All-in Sustaining Cost (AISC) of US$1,451 per ounce of gold produced.

• Operational Expansion Plans

  The company plans to expand the processing plant capacity from 2.35 Mtpa in 2026 to 3 Mtpa from 2027 onwards, supported by US$95 million in expansion capital, including US$43 million for plant upgrades.

• Extended Mine Life and New Mining Methods

  The integrated Life of Mine (LOM) plan extends for 12 years (2026-2037), incorporating a combination of open pit mining (Paiol, Vira Saia, Cata Funda) and new underground mining operations at Paiol, with initial underground production planned for 2028.

auto_awesomeAnalysis

This amended annual report provides the crucial S-K 1300 Technical Report Summary for the Almas Project, detailing a significant increase in gold reserves and a strong economic outlook. The report outlines plans for expanding processing capacity to 3 Mtpa and developing underground mining, which are expected to drive substantial future cash flow and extend the mine life. The positive after-tax NPV of $1.19 billion and competitive AISC of $1,451/oz underscore the project's robust financial viability and growth potential, solidifying Aura Minerals' operational strength and future prospects.