Aura Announces Q1 2025 Production Results

Core Viewpoint - Aura Minerals Inc. reported preliminary production results for Q1 2025, indicating a total production of 60,087 gold equivalent ounces (GEO), which is a 9% decrease from Q4 2024 and a 7% decrease compared to Q1 2024 at constant metal prices. The company remains on track to meet its 2025 guidance of 266,000 to 300,000 GEO [1][4]. Production Results - Total GEO production for Q1 2025 was 60,087 ounces, down 10% from 66,473 ounces in Q4 2024 and down 12% from 68,186 ounces in Q1 2024 [5]. - The breakdown of production by mine is as follows: - Aranzazu: 20,456 GEO, a decrease of 13% from Q4 2024 and 18% from Q1 2024 [5]. - Minosa: 17,654 GEO, an 8% decrease from Q4 2024 and the same percentage decrease from Q1 2024 [5]. - Almas: 13,101 GEO, a 21% decrease from Q4 2024 but a 10% increase from Q1 2024 [5]. - Apoena: 8,876 GEO, a 25% increase from Q4 2024 but a 27% decrease from Q1 2024 [5]. New Operations - Aura commenced operations at its fifth mine, Borborema, at the end of March 2025, which is expected to produce between 33,000 and 40,000 ounces in 2025. The project was completed on schedule and on budget with a total capital expenditure of US$188 million [2][4]. CEO Commentary - The President and CEO of Aura expressed optimism about the company's progress in 2025, highlighting the timely completion of Borborema and the alignment of Q1 production with yearly plans. The ramp-up at Borborema is expected to finish by Q3 2025, enhancing the company's resource base and cash cost efficiency [4]. Metal Production Details - At Aranzazu, gold production was 6,374 ounces, silver production was 130,899 ounces, and copper production was 8,461 thousand pounds, reflecting a decrease in all categories compared to Q4 2024 [6][9]. - The average realized prices for metals in Q1 2025 were: Copper at US$4.26 per pound, Gold at US$2,863 per ounce, and Silver at US$32.01 per ounce [9].