Aura Minerals produces 53,265 gold equivalent ounces in Q1, down 9% y-o-y AuraMinerals
- Aura Minerals announced today that its total production in Q1 2023was 53,265 gold equivalent ounces , down 9% compared to Q1 2022 when calculated based on constant prices.
Aura noted that at Aranzazu, the operation was very stable and in line with the production guidance. Based on constant prices, production in GEO decreased by 5% compared to Q1 2022 and by 9% compared to Q4 2022 as a result of mining in slight lower gold and copper grades areas, according to the company's expectations.
The company added that at San Andres, production is gradually increasing. In Q1 2023, production was 16% higher than Q4 2022. Comparing with same period of 2022, production was 23% lower. Production is slowly improving and Aura expects it should increase over the next quarters during the year due to several initiatives being implemented.
"Additionally, during the second half of the year, we expect the Almas mine to reach commercial production, construction to commence at the Borborema project and exploration efforts to continue at the Matupá project."
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