Aura Releases its First Quarter 2021 Financial Statements and Management Discussion and Analysis
May 10 2021 - 8:22PM
Aura Minerals, Inc. (“
Aura Minerals” or the
“
Company”) announces today the Company has filed
its consolidated financial statements for the quarter ended March
31, 2020 and related management discussion and analysis.
Rodrigo Barbosa, CEO of Aura, comments: “On
behalf of the Aura team, I am very pleased to be able to announce
these record results for the quarter ended March 31, 2021. The
quarter yielded Net Revenues of US$ 116 million and EBITDA of US$
52 million, continuing our solid growth and performance over the
last 3 quarters. We are pleased with the consistent results across
our operations over the last nine months since we were able to
fully resume all operations following interruptions due to the
COVID-19 pandemic. Based on this strong performance and current
copper prices, we expect to achieve or exceed our GEO guidance for
the year.”
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which include, without limitation, expected production
from, and the further potential of the Company’s properties, and
the ability of the Company to achieve its longer-term outlook and
the anticipated timing and results thereof. Known and unknown
risks, uncertainties and other factors, many of which are beyond
the Company’s ability to predict or control, could cause actual
results to differ materially from those contained in the
forward-looking statements if such risks, uncertainties or factors
materialize. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered
reasonable by the Company, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Specific reference is made to the most recent Annual Information
Form on file with certain Canadian provincial securities regulatory
authorities for a discussion of some of the factors underlying
forward-looking statements, which include, without limitation the
ability of the Company to achieve its longer-term outlook and the
anticipated timing and results thereof, the ability to lower costs
and increase production, the ability of the Company to successfully
achieve business objectives, copper and gold or certain other
commodity price volatility, changes in debt and equity markets, the
uncertainties involved in interpreting geological data, increases
in costs, environmental compliance and changes in environmental
legislation and regulation, interest rate and exchange rate
fluctuations, general economic conditions and other risks involved
in the mineral exploration and development industry. Readers are
cautioned that the foregoing list of factors is not exhaustive of
the factors that may affect the forward-looking statements.
Non-GAAP Measures
In this press release, the Company has included
EBITDA and net debt, which are non-GAAP performance measures. These
non-GAAP measures do not have any standardized meaning within IFRS
and therefore may not be comparable to similar measures presented
by other companies. The Company believes that these measures
provide investors with additional information which is useful in
evaluating the Company’s performance and should not be considered
in isolation or as a substitute for measures of performance
prepared in accordance with IFRS. The below tables provide a
reconciliation of the non-GAAP measures presented:
Reconciliation from income for the quarter to EBITDA and
Adjusted
EBITDA:https://www.globenewswire.com/NewsRoom/AttachmentNg/a2a91a62-8c52-4e52-9695-30ad5bdeb033
About Aura 360° Mining
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We call this
360° 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 producing assets
include the San Andres gold mine in Honduras, the Ernesto/Pau-a
-Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in
Mexico and the Gold Road mine in the United States. In addition,
the Company has two additional gold projects in Brazil, Almas and
Matupá, and one gold project in Colombia, Tolda Fria.
For further information, please visit Aura’s website at
www.auraminerals.com or contact:
Rodrigo Barbosa
President
&
CEO 305-239-9332
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