08:14:25 EDT Tue 07 May 2024
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or Name
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Aura Minerals Inc (4)
Symbol ORA
Shares Issued 71,678,544
Close 2024-01-24 C$ 8.86
Market Cap C$ 635,071,900
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Aura's Aura Almas adds Sapucaia as director, ops, Almas

2024-01-24 18:15 ET - News Release

Mr. Gabriel Sapucaia reports

CHANGE OF DIRECTOR OF OPERATIONS AT ALMAS

Aura Minerals Inc. has made changes in the leadership and management structure of its subsidiary, Aura Almas S.A., following the departure of Andreia Nunes from the position of director of operations at Aura Almas.

Gabriel Sapucaia, currently the processing plant manager at Almas, will assume the position of director of operations at Almas. With significant experience in the mining sector, having worked for companies like Equinox and Yamana Gold, Mr. Sapucaia joined Almas in August, 2022. Since then, he has been directly involved in the construction process of the Almas unit and its ramp-up, which occurred in record time, becoming a significant market benchmark. It is noteworthy that in less than a year of operation, Almas is already operating above the expected capacity.

The transition process will take place over a 30-day period, during which Ms. Nunes will work alongside Mr. Sapucaia to ensure continuity and operational efficiency at the Almas unit.

Aura thanks Ms. Nunes for her significant contributions during her tenure with Almas, especially for leading the construction and start-up of Almas, the company's first greenfield project, and wishes them both success in their new endeavours.

About Aura Minerals Inc.

Aura is focused on mining in complete terms -- thinking holistically about how its business impacts and benefits every one of its stakeholders: the company, its shareholders, its employees, and the countries and communities it serves. Aura calls this 360-degree mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's four producing assets include the San Andres gold mine in Honduras, the EPP and the Almas gold mines in Brazil, and the Aranzazu copper-gold-silver mine in Mexico. In addition, the company has the Tolda Fria gold project in Colombia and four projects in Brazil: Borborema and Matupa, which are in development; and Sao Francisco, which is on care and maintenance. The company also owns the Serra da Estrela copper project in Brazil, Carajas region, under exploration stage.

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