Aura Minerals Inc.

Published : November 19th, 2015

Aura Minerals Announces Suspension of Operations at San Andres Mine

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Aura Minerals Announces Suspension of Operations at San Andres Mine

TORONTO, ON --(Marketwired - November 19, 2015) - Aura Minerals Inc. (the 'Company') (TSX: ORA) announces that it has suspended operations at its San Andres gold mine ('San Andres') in Honduras.

The decision to suspend operations at San Andres has been taken as a result of the unauthorized actions of a small number of individuals who have entered the mine site and have been forcefully disrupting normal operations. Although the unauthorized individuals represent a minority of the communities surrounding San Andres, the ongoing safety of employees and contractors is a core organizational value, and commitment, of the Company. Management has therefore decided to suspend operations to ensure the safety of all parties.

The Company is evaluating a number of options with respect to the restart of the mine and is working with local representatives to peacefully resolve the current situation. Management is confident that a resolution will be forthcoming and will provide appropriate updates as additional information becomes available.

Cautionary Note

This news release contains certain 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements'). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements relate to future events or future performance and reflect the Company's current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to the restart of operations at San Andres.

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. 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, 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.

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Data and Statistics for these countries : Honduras | All
Gold and Silver Prices for these countries : Honduras | All

Aura Minerals Inc.

PRODUCER
CODE : ORA.TO
ISIN : CA05152Q3052
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Aura Minerals is a gold and copper producing company based in Canada.

Aura Minerals produces gold, copper, silver in Brazil, in Honduras and in Mexico, and holds various exploration projects in Brazil.

Its main assets in production are SAN ANDRÉS (CHRISTO) MINE in Honduras, SAO FRANCISCO and SAO VINCENTE in Brazil and ARANZAZU in Mexico and its main exploration properties are CUMARU, INAJA, ARAPICARA and NORTH CARAJAS in Brazil.

Aura Minerals is listed in Canada. Its market capitalisation is CA$ 386.4 millions as of today (US$ 282.0 millions, € 264.6 millions).

Its stock quote reached its lowest recent point on September 18, 2015 at CA$ 0.06, and its highest recent level on June 19, 2020 at CA$ 93.39.

Aura Minerals has 36 590 000 shares outstanding.

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