Project UpdateApr 13, 2026, 06:35 PM
Aura Minerals approves Era Dorada Project; $382M capex, 111K oz/yr gold
AI Summary
Aura Minerals' Board has approved the development of the Era Dorada Project with an estimated capital expenditure of US$382.0 million. The project is expected to commence operations in the first half of 2028, targeting an average annual gold production of 111,000 ounces during its first four years, with an estimated life of mine of 17 years. The company also secured budget authorization for an advanced water treatment system, demonstrating its commitment to environmental stewardship and sustainable social impact.
Key Highlights
- Board approved Era Dorada Project development.
- Total capital expenditures estimated at US$382.0 million.
- Project expected to commence operations in H1 2028.
- Average annual gold production of 111,000 ounces for first four years.
- Estimated life of mine is 17 years.