TORONTO, ON–(Marketwired – November 10, 2015) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX: ORA) announces financial and operating results for the third quarter of 2015.
- Income of $4,837 or $0.02 per share for the three months ended September 30, 2015 compared to income of $776 or $0.01 per share for the third quarter of 2014;
- Operating cash flow1 of $4,198 for the third quarter of 2015 compared to $12,147 for the third quarter of 2014;
- Net sales revenue in the third quarter of 2015 decreased by 46% over the third quarter of 2014;
- Gold ounce (“oz”) production for the third quarter of 2015 was 27% lower than the third quarter of 2014;
- There was no copper production at Aranzazu for the third quarter of 2015. Copper production at Aranzazu for the third quarter of 2014 was 3,860,154 pounds;
- Gross margin of $4,922 for the third quarter of 2015, compared to a gross margin of $8,017 for the third quarter of 2014;
- On September 14, 2015, the Company filed a Preliminary Economic Assessment (“PEA”) National Instrument 43-101 (“NI 43-101”) compliant report for the restart of operations at Aranzazu. The PEA indicated a net present value (“NPV”) of $103.1 million based on certain assumptions. Readers are encouraged to read the PEA in its entirety, a copy of which is located on SEDAR.