Aura Minerals has announced its preliminary production results for the first quarter of 2024, highlighting a period of stability and growth across its four operating mines: Aranzazu, Apoena (EPP), Minosa (San Andres), and Almas. The company produced a total of 68,181 gold equivalent ounces (GEO) during Q1 2024, maintaining the same level of production as in Q4 2023 and marking a 28% increase over the same period in the previous year. This increase is primarily attributed to operational improvements at Minosa and the performance of Almas.
The production results for Q1 2024 have met or surpassed Aura Minerals’ expectations, reinforcing the company’s trajectory to meet its Consolidated Production Guidance of 244,000 – 292,000 GEO for the year 2024.
Q1 2024 Production Highlights:
- Aranzazu: Reported 25,001 GEO, slightly lower than the previous quarter but demonstrating a 5% increase from Q1 2023 at constant metal prices. The mine’s consistent performance aligns with the company’s expectations, showcasing its stability and reliability.
- Apoena (EPP): Produced 12,105 GEO, a decrease compared to the previous quarter and slightly lower than Q1 2023, primarily due to lower grades and mine sequencing. The mine concluded operations of Ernesto from last year in this quarter, as planned.
- Minosa (San Andres): Achieved 19,186 GEO, increasing by 7% from the previous quarter and a significant 36% from Q1 2023. The fifth consecutive quarterly production increase is the result of operational efficiencies, including the implementation of a new stacking system in Q3 2023.
- Almas: Reached 11,889 GEO, a 24% improvement over the previous quarter. This progress is largely due to initiatives aimed at recovering productivity and overcoming previous operational challenges.
The latest production figures indicate a 6% increase in the last twelve months’ production as of March 31, 2024, compared to the previous period, showcasing consistent improvement and alignment with company expectations. 
