23:18:56 EDT Tue 07 May 2024
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Aura Minerals Inc (4)
Symbol ORA
Shares Issued 71,678,544
Close 2024-02-08 C$ 8.79
Market Cap C$ 630,054,402
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Aura Minerals plants vineyard at Minosa mine

2024-02-08 10:22 ET - News Release

Mr. Rodrigo Barbosa reports

AURA MINERALS STRENGTHENS ITS SOCIAL IMPACT WITH THE LAUNCH OF A VINEYARD AT THE MINOSA MINE, HONDURAS

The Foundation San Andres, the social foundation of Aura Minerals Inc., has launched an innovative venture called Seeds of Hope aimed at fostering social and economic progress through the cultivation of grapes and wine production at the Minosa mine in Honduras. The venture is designed to provide economic diversification and new employment opportunities in the surrounding local communities, with the potential to revitalize the regional economy for at least the next 50 years. Located within a one-hectare section of the mine, the Seeds of Hope will encompass the cultivation of eight distinct grape varieties, and is part of Aura's continuing commitment to innovation, sustainable development and responsible mining.

The Seeds of Hope has already yielded positive outcomes, providing employment to 30 individuals, and is projected to create up to 250 direct jobs once the vineyard is fully operational, which it is expected to be fully compromised of residents in line with Minosa work force of 90 per cent residents. With an initial investment of approximately $1-million (U.S.) planned for the first five years, the venture consists of two key phases, starting with research and will transition to industrial-scale production.

Rodrigo Barbosa, chief executive officer of Aura Minerals, commented: "We are proud to announce this important movement of the Foundation San Andres, dedicated to creating environments of prosperity in the communities where we operate, aiming to leave a lasting and positive legacy. This commitment extends to our approach to responsible mining and our latest venture in Honduras. Just like mining, developing a vineyard requires patience, investment and research. This venture is not just an agricultural venture; it's a step towards transforming the Copan region into a renowned wine-producing area, bringing prosperity to its people. This focus on generating positive impacts for our communities highlights Aura's commitment and is a core aspect of our culture. The Aura 360 culture guides our actions and decisions, ensuring we think about our impact, considering all stakeholders, including our employees, the communities we are part of, the environment and our company. This integrated approach defines our way of working and being, reinforcing our journey towards significant change in the Aura Minosa region and Honduras as a whole."

About the Foundation San Andres

The Foundation San Andres is the social arm of Minosa that allows intersectoral collaboration to contribute to the construction of sustainable communities through strategic alliances for the implementation of programs and projects that strengthen the bases of equitable and lasting progress in rural areas; as well as join forces to build a future of opportunities and shared prosperity.

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, the shareholders, the employees, and the countries and communities it serves. Aura Minerals calls this 360-degree mining.

Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The company has four operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San Andres) gold mine in Honduras. The company's development projects include Borborema and Matupa both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Serra da Estrela copper project in the prolific Carajas region of Brazil.

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