Aura plunges as it posts $18.7m Q1 loss

Vancouver-based Aura Minerals’ share price capitulated by over 50% on Wednesday, after the gold and copper producer reported an $18.7-million, or $0.08-a-share net loss for the three months to March 31. The TSX-listed firm blamed a structural...

Aura awards feas study for Brazil copper/gold/iron project

Aura Minerals has hired SNC-Lavalin and its Brazilian subsidiary to complete a definitive feasibility study on the Serrote da Laje deposit at Aura's Arapiraca copper/gold/iron-ore project in Brazil. The feasibility study has begun and should be...

Aura Minerals names interim CEO

Vancouver-based Aura Minerals has appointed independent director Tom Ogryzlo as interim chief executive officer from June 6, the firm said on Monday. Ogryzlo recently retired as vice-president for Latin America at Ram Power Corporation and is...

Aura Minerals to start feas study on Brazil copper/gold project

Vancouver-based Aura Minerals expects to complete a feasibility study for its Araparica copper/gold/magnetite project in Brazil later this year and will likely make a construction decision late in 2011 or early 2012, outgoing CEO Patrick Downey...

Aura starts search for new CEO

Aura Minerals has begun looking for a new CEO after announcing that Patrick Downey will leave the company after June 30. Vancouver-based Aura has four producing mines. It bought three operations in Honduras and Brazil, in 2009 and 2010 from...

Yamana almost doubled Q3 profit, hikes dividend again

Toronto-based Yamana Gold earned $120,7-million in the third quarter, an increase of 98% from a year earlier, helped by higher prices for both gold and silver, and announced its third dividend increase for the year. Revenue rose 36%, to...

Aura starts up Aranzazu, may JV Arapica project this year

Vancouver-based Aura Minerals is in the process of restarting its expanded Aranzazu copper/gold/silver operation, in Mexico, and expects to start running ore through the plant in the next seven to ten days, CEO Patrick Downey said at the Denver...

Yamana counts down to 3 new mines in 2012

Canada's Yamana Gold, which currently produces about a million ounces a year of gold-equivalent metal (gold plus silver), will boost output levels by almost 50% by the end of 2012, CEO Peter Marrone confirmed on Tuesday. The company will start up...

Daily podcast – November 13, 2009

The sacked directors of JSE-listed platinum junior Wesizwe withdraw their urgent court application; and International Ferro Metals will cogenerate its own electricity at a fraction of the proposed new Eskom tariffs.

Yamana not planning to buy or sell mines

Toronto-based Yamana Gold will focus on optimising its mines and moving projects through the pipeline, rather than acquiring new assets, CEO Peter Marrone reiterated on Wednesday. He said the only acquisitions that would be considered are what he...

Yamana Q3 adjusted earnings rise

Canada's Yamana Gold on Tuesday reported net income of $60,8-million for the third quarter, down from $150,2-million a year earlier, when the company recorded a large unrealised gain on commodity derivatives. However, stripping out some once-off...

Arapica copper/gold/iron-ore project, Brazil

The mine will process 41 000 t/d of ore to produce a copper/gold concentrate and iron-rich magnetite concentrate, for a 12-year life-of-mine.