ROAD TOWN, British Virgin Islands, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) announces that it has resumed limited mining operations at its San Andres gold mine in Honduras.
Rodrigo Barbosa, the Company’s President & CEO commented, “We have been working very closely with local and national authorities to cease the illegal occupation of our private lands by a very small number of individuals. The Aura 360° Mining concept is 100% committed to a peaceful resolution of any situation as was the case in this matter and we thank the local community members that were also committed to a peaceful resolution. The support of the local communities has been overwhelming as can be seen by the number of marches in support of the San Andres operations.”
The Company will continue limited operations for the near-term and expects to ramp-up mining activities to normal operations progressively as the rule of law is enforced and our pit remains unoccupied. The Company is optimistic that the rule of law will now be applied and that further occurrences of illegal occupation will not be allowed by the local authorities.
Mr. Barbosa continued, “We are pleased to resume limited operations as the local economies were very detrimentally affected by the suspension. The suspension of operations negatively affects a number of stakeholders including our shareholders, close to a thousand employees and contractors and thousands of other Hondurans as the mine directly and indirectly, through taxes and a number of Aura initiatives, supports hospitals, schools and road maintenance among others.
“Our Aura 360° Mining concept is committed to a responsible mining sector where communities participate in the environmental and social oversight and decision making which also supports long-lasting, dignified and safe employment and economic vitality. We look forward to continuing operations at San Andres for a very long time.”
About Aura 360° Mining
Aura is focused on mining in complete terms – thinking holistically about how our 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 and the Aranzazu copper-gold-silver mine in Mexico. The Company continues to explore options at Sao Francisco to determine if a re-start of the mine is feasible. 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 on Aura, please visit Aura’s web site at www.auraminerals.com or contact:
President & CEO
This press release contains "forward-looking information" and "forward-looking statements", as defined in applicable securities laws (collectively, "forward-looking statements") which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, expectation with respect to operations at San Andres. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.
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. 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, 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.
All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.