Aura Minerals shares rise on record 3Q production estimate
Aura Minerals said it expects third-quarter production to hit a record, with preliminary production of 95,557 gold-equivalent ounces. Shares rose 9% to $90.19 on Friday.
By Katherine Hamilton Aura Minerals shares rose after the company said it expected third-quarter gold production to reach a record high. 19 Friday. Shares have gained 80% this year. The mining company shared preliminary third-quarter production results for its six operating mines.
Preliminary estimates showed production reached 95,557 gold equivalent ounces, a 29% increase from the year before. At constant prices, Aura's quarterly production is expected to have increased by 25% over the same period the year before. Sales totaled 93,742 gold equivalent ounces. The Mineração Serra Grande mine was a particularly strong point, with production at the site increasing 85%.
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