trending Market Intelligence /marketintelligence/en/news-insights/trending/aEmEgeoi8wsCf50HlJv21A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Aura to begin mining at Ernesto gold deposit in Brazil

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019


Aura to begin mining at Ernesto gold deposit in Brazil

Aura Minerals Inc.'s board approved the start of operations at the Ernesto gold deposit in Mato Grosso, Brazil.

The company said March 8 that pre-stripping will start in the third quarter, with ore production to begin in December.

The mine plan calls for a total of 35 million tonnes of material to be mined from Ernesto over a three-year mine life.

The estimated life-of-mine capex is US$13.3 million, while the life-of-mine cash flow discounted at a 5% rate stands at US$41.4 million.

Aura added that the deposit will be mined using a conventional open pit method similar to the adjacent Lavrinha and Japones deposits.

President and CEO Rodrigo Barbosa said the project will be financed via a combination of the company's operational cash flows in Brazil and a secured US$8 million loan.