Summary:
Aranzazu is an underground copper-gold-silver mine in Zacatecas, Mexico owned and operated by Aura Minerals Inc. (“Aura”) (TSX: ORA). The mine reopened in 2018 as a 3,350 tonne per day operation which produced 106,119 gold equivalent ounces in 2023 at a $825/oz gold-equivalent cash cost. Guidance for 2023 is for 94–108Koz of GEOs. Aura has a long history of replacing reserves at Aranzazu, since restarting production in 2018, Aura has increased its Proven and Probable Reserves by 53% net of depletion. Exploration is ongoing with 29,400 meters of drilling budgeted on the property of which only 6% has been drill-tested to date.
Interest: 1.0% Net Smelter Return Royalty
Location: Zacatecas, Mexico
Project Status: Production
Counterparty: Aura Minerals (TSX: ORA)
