Aura Minerals announces the results of the Feasibility Study for the Era Dorada Project, an underground gold mine with anticipated production of 111 koz GEO for the first 4 years of full production.
The project is situated in the Department of Jutiapa, around 160km by road from the capital, Guatemala City.
In January 2025, Aura completed the acquisition of Bluestone Resources Inc. which was the 100% owner of Era Dorada.
Rodrigo Barbosa, President and CEO of Aura, stated: "With Borborema now in commercial production and the MSG acquisition successfully closed, we are pleased to publish the Feasibility Study (FS) for Era Dorada – the project we acquired earlier this year. The new FS, incorporating new metal prices and an optimized mine plan, delivers Reserves of 1.75 million GEO, average annual production of 111,000 GEO during the first four years, an after-tax leveraged IRR of 68%, an after-tax NPV of US$ 2.17 billion at spot prices $ 4,200 / Oz, and very competitive AISC in the first industry - 2 - quartile at US$1,178/oz during the LOM. This fully licensed underground project requires a manageable Initial Capex of US$ 382 million. We are working closely with local authorities and government agencies to advance Era Dorada consistent with applicable environmental and social standards, aligned with our Aura 360 culture. This Feasibility Study is another clear example of our disciplined growth strategy in action – and more projects are in the pipeline.”
In January 2025, Aura completed the acquisition of the Era Dorada project, located in Jutiapa, Guatemala, near the border with El Salvador.
