Earnings release
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å . aura 360 MINING Aura Releases its Third Quarter 2021 Financial Statements and Management Discussion and Analysis and Announces Updates to its 2021 Operational and Financial Guidance ROAD TOWN , British Virgin Islands , November 9 , 2021 - Aura Minerals , Inc. ( " Aura Minerals ” or the “ Company ” ) announces today that the Company has filed its unaudited interim consolidated financial statements for the quarter ended September 30 , 2021 , related management discussion and analysis and CEO and CFO Certificates . In addition , the Company announces that it is updating its gold equivalent production , cash cost per gold equivalent ounce ( " GEO " ) produced and capital expenditure ( " Capex " ) guidance for 2021 , further details on which can be found in its third quarter 2021 Management Discussion and Analysis . Rodrigo Barbosa , President & CEO , comments : " We have shown consistent growth over the last 12 months , reaching another production record for the last twelve months , with a total of 260,000 GEO , despite a slightly lower production compared to second quarter , due to interruption in Honduras and lower grades at Gold Road , nevertheless reducing our cash cost . For the fourth quarter this year , we had our capacity increased in Mexico and a mine plan with better grades , Honduras with stable operation , managerial continuous improvement , and better recovery rates , EPP with gradual improvement on grades and , at last , limited losses at Gold Road . Despite some challenges , we broke another record and we are on track to reach our guidance " . The Company expects improvement on its operations for the fourth quarter of 2021 , as detailed below : . • • Aranzazu : Improvements at the milling and flotation circuit during the first half of the year led to increased margins and brought production to an average of almost 100,000 tonnes per month ( 30 % higher than the capacity at the beginning of the year ) . Higher production capacity , combined with better grades according to the mine plan and favorable copper price should positively affect cash costs , production and margins throughout the last quarter of 2021 . San Andres : Interruptions in the operations in July 2021 negatively impacted the projected production for the year by about 5,000 to 6,000 Oz . In the last quarter of 2021 , we expect operational stability coupled with continued improvements in mine and plant management . We also expect an increase of average grade , improved productivity , and increased recovery . EPP : Performance in the third quarter of 2021 was impacted by lower performance of the Japones pit , which is operating in its final phase ( at the bottom of the pit ) and unseasonall rainfall , which made it difficult to access the high- grade ore at the bottom of the Ernesto pit . These factors negatively impacted production and cash costs for the year . For the fourth quarter of 2021 , we expect a gradual improvement in ore grades from the Ernesto pit . The Company's updated gold equivalent production , cash cost per ounce of gold equivalent produced , Capex guidance for 2021 and a comparison to previous guidance are detailed below : Production ( ' 000 GEO ) 2021 Updated San Andrés 86-89 EPP Mines 61-63 Previous 78-86 67-74 Aranzazu 107-109 101-112 Gold Road 10-11 18-23 Total 264-272 264-295