Topic: How To Invest

Q: Hello. I would be interested in your thoughts on Aura Minerals (ORA on Toronto). Thanks.

Article Excerpt

A: Aura Minerals Inc., $16.35, symbol ORA on Toronto (Shares outstanding: 72.3 million; Market cap: $1.2 billion; www.auraminerals.com), is a mid-tier gold and copper company. Aura has four operating mines. The first is the Aranzazu copper-gold-silver mine in Mexico. It produced 106,118 ounces of gold equivalent in 2023. The second mine, Apoena, is in Brazil. It produced 46,006 ounces of gold in 2023. The third mine, Almas, is also in Brazil. It started up in 2023 and produced 17,805 gold equivalent ounces in its five months of operation, from August to December. The fourth mine, Minosa, is in Honduras. It produced 65,927 ounces of gold in 2023. Aura also has development projects in Brazil, including its Borborema and Matupa prospects. The company has over 630,000 hectares of mineral rights in total. In the year ended December 31, 2023, 58% of Aura’s revenue came from gold, while copper and gold concentrate revenue represented 42% the total. On October 28, 2024, Aura agreed to buy a 100% interest in Bluestone…