Core Insights - Aura Minerals Inc. reported a significant increase in EBITDA, reaching US267millionin2024,drivenbyhighgoldpricesandeffectivecostmanagement[2][3]−Thecompanyachievedatotalproductionof267,232goldequivalentounces(GEO)in2024,markingan18171,517 thousand, a 38% increase compared to Q4 2023, while total revenue for 2024 reached US594,163thousand,up4379,319 thousand, more than doubling compared to Q4 2023, and for the full year, it reached US266,768thousand,a991,320 per GEO, a slight decrease from US1,325in2023,reflectingthecompany′sfocusoncostcontrol[4][5]ProductionHighlights−TotalproductioninQ42024was66,473GEO,slightlybelowQ32024,whilethefull−yearproductionof267,232GEOexceededguidance[4][5]−TheAlmasoperationproduced54,129GEOin2024,exceedingitsguidancerange,whiletheApoenaoperationfacedchallenges,producing37,173GEO,belowitsguidance[5][14]−ThecompanyinvestedUS159 million in growth initiatives in 2024, supporting future production increases [3][12] Strategic Initiatives - Aura completed the acquisition of Bluestone Resources, adding a high-grade gold deposit with approximately 2.4 million ounces of gold to its portfolio [11] - The Borborema Project is on track for completion in Q1 2025, with significant construction milestones achieved [10] - The company announced share buyback programs, repurchasing over 1 million shares, reflecting its commitment to returning value to shareholders [7] Guidance and Future Outlook - For 2025, the company expects production to range between 266,000 and 300,000 GEO, representing an increase from 2024 [23][21] - AISC for 2025 is projected to be between US1,374andUS1,492 per GEO, with cash costs expected to rise due to lower ore grades and mine sequencing [27][28] - The company anticipates commercial production at Borborema in the second half of 2025, contributing to overall production growth [25][28]
Ormat Technologies(ORA) GlobeNewswire·2025-02-27 02:49