GOLD - Aura Minerals Grows Reserves As Gold Hits Record Highs | Benzinga
Aura Minerals (OTCQX:ORAAF) has issued a positive update on its mineral reserves.
The news added to the positive momentum. The stock climbed almost 16% over the last month, outperforming gold despite its new all-time highs seemingly happening each week.
"This achievement is a result of our clear strategy to increase production while we increase our resources and reserves," said CEO Rodrigo Barbosa, clarifying an increase across all categories.
The mid-tier gold producer drilled over 114,000 meters in 2023, using $24 million for these exploration operations across all properties. Minosa was an exception and exploration will resume in 2024.
These activities replenished depleted ounces while adding 2.4 million ounces in measured and indicated reserves and 856,000 in proven and probable reserves.
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