Aura to acquire owner of Borborema gold project in Brazil for A$92 million & More News Here – Upjobsnews

 

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(Kitco News) – Aura Minerals (TSX: ORA) announced Tuesday it has entered into a binding scheme implementation deed with Big River Gold, pursuant to which Aura, through its subsidiary, will acquire 100% of the issued and outstanding ordinary shares in the capital of Big River.

The company said that Big River shareholders (other than Dundee Resources) to receive A$0.36 in cash consideration for each Big River share held, which values Big River at a purchase price of approximately A$91.7 million.

Dundee Resources, a 19.3% Big River shareholder, has executed a cooperation and commitment deed with Aura pursuant to which Dundee Resources will (subject to certain conditions) ultimately hold a 20.0% indirect interest in Big River.

“The acquisition represents an attractive opportunity for Aura to expand its pipeline of development stage projects through the acquisition of Big River’s Borborema gold project in Brazil,” the company said in a statement.

Borborema, which is expected to operate an open pit gold project, has a JORC-compliant measured and indicated mineral resource estimate of 1.87Moz Au at 1.14 g/t Au and an additional inferred mineral resource of 0.57Moz Au at 1.0 g/t Au.

President and CEO Rodrigo Barbosa stated, “Our strategy is to grow beyond our current production plan through advancing high-quality projects that have a clear path to construction and are located in the Americas, preferably in jurisdictions where we are already operating. Borborema fits well within this strategy. We are also proud to partner with Dundee Resources on this project as they are a leader in the industry.”



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.

In addition, the company has two additional gold projects in Brazil, Almas and Matupá, one gold project in Colombia, Tolda Fria and the Gold Road mine in Arizona, United States, currently in care & maintenance.




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Aura to acquire owner of Borborema gold project in Brazil for A$92 million & More Brazil Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be 

made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

Aura to acquire owner of Borborema gold project in Brazil for A$92 million & More Brazil Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get 

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

Aura to acquire owner of Borborema gold project in Brazil for A$92 million & More Brazil Trending News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information breaking news today of this news, you can get other types of news along with your country and city. You will be able to get information related to, as well as you will be able to get information about what is going on around you through us for free 

so that you can make yourself a knowledgeable by getting complete information about your country and state and information about news. Whatever is being given through us, I have tried to bring it to you through other websites, which you may like 

very much and if you like all this news, then definitely around you. Along with the people of India, keep sharing such news necessary to your loved ones, let all the news influence them and they can move forward two steps further.

Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

Get Original Links Here????

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *