$200M Cash, 8.8% Dividend Yield w/ 450K oz Gold Target | Aura Minerals with Rodrigo Barbosa
In this interview at the Precious Metals Summit 2024, Rodrigo Barbosa, President & CEO of Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF), provides a comprehensive overview of the company’s growth strategy and future prospects.
Barbosa begins by highlighting Aura’s impressive growth trajectory, noting the increase from 120,000 ounces of gold production six years ago to a targeted 260,000-290,000 ounces in 2024. He outlines plans to reach 450,000 ounces, demonstrating the company’s ambitious expansion goals.
The CEO details Aura’s three-pronged growth strategy: executing current projects, increasing resources and reserves, and pursuing M&A opportunities. Barbosa also discusses Aura’s dividend policy and recent financing.
Also mentioned is the upcoming Borborema project in Brazil, set to start production in Q1 2025. Barbosa highlights this project’s importance and its potential for reserve expansion, suggesting it could be a key driver of Aura’s future growth.
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