Aura Minerals Suspends Operations at Its San Andres Mine, Honduras
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Aura Minerals Inc. has suspended operations at its San Andres mine in Honduras. The illegal occupation of the mine that was first reported on July 13, 2018 has not been resolved and this is now preventing mining operations to continue. The company will continue to leach the heap leach pads that have been stacked.
“When these criminals first illegally entered the mine, the company was able to mine outside of the then mine plan with decent results however the recovery rates in these areas have decreased and the company is now forced to take the difficult position and suspend mining operations. We continue to work with local and national authorities and are considering all options,” said Rodrigo Barbosa, the company’s president and CEO.
“We are extremely frustrated with this situation which is happening across the country with several hydroelectric and other mining projects being shut down. The issues being broadcasted by the media today about the Honduran ‘caravan’ reflects the consequences of the challenges that the country and current government are facing. Our mine provides direct jobs to hundreds of community members and thousands of indirect jobs that will be lost due to the illegal actions of a few criminals. This is not a community issue and the company continues to try to foster a peaceful resolution. The union and community are working with the company to return the mine to normal operations. We are optimistic that a resolution will be forthcoming this week and we appreciate the strong support of the union and the community,” added Barbosa.
The company’s updated 2018 gold production guidance for San Andres is a low of 55,000 ounces and a high of 65,000 ounces. There is no change in guidance for the EPP Project.
About Aura Minerals
Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas.
The company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine. in Brazil and the Aranzazu copper-gold-silver mine in Mexico. The company has completed an exploration program at its Sao Francisco gold mine in Brazil to determine if a re-start of the mine is feasible. In addition, the company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.
Aura Minerals is focused on responsible, sustainable growth and strives to operate to the highest environmental and safety standards and in a socially responsible manner at all of its operations.
To stop by Aura Minerals’ website, CLICK HERE
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