Aura Minerals Announces Temporary Interruption of Operations in Honduras Following Government Declared State of Emergency
March 29 2020 - 9:26PM
Aura Minerals Inc. (TSX: ORA)
(“
Aura” or the “
Company”) today
announced that operations at its San Andres Mine in Honduras are
partially interrupted, in accordance with government-mandated
restrictions in response to COVID-19.
On March 16, 2020, the Honduran National Defense
and Security Council approved by PCM Decree 21-2020, among others,
the suspension of work in the public and private sectors until
March 29, 2020, with private companies such as Aura having to
operate with a minimal work force for general maintenance no
greater than 50 people. Minerales de Occidente, S.A. de C.V., the
Company’s subsidiary which owns the surface and mineral rights of
the San Andres Mine, requested and obtained authorization to
operate the maintenance activities of its leaching process, while
all mining operation are suspended in accordance with the
governmental decree. On March 29, 2020, the Honduran National
System for Risk Management (SINAGER) announced the extension of the
suspension until April 12, 2020. Meanwhile, Aura is conducting
minimal care and maintenance and leaching activities during the
suspension and will keep the market informed of any updates.
"We are committed to the health and safety of
our employees and contractors, and the communities in which they
live and work," said Rodrigo Barbosa, President and Chief Executive
Officer of Aura.
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which include, but are not limited to, the
duration or extent of the restrictions and suspensions with respect
to our Honduran operations, and the effect that any such
restrictions or suspensions may have on our operations and our
financial and operational results; the ability of the Company to
successfully maintain our Honduran operations on care and
maintenance, or to restart these operations efficiently or
economically, or at all; and the impact of COVID-19 on our
workforce, suppliers and other essential resources and what effect
those impacts, if they occur, would have on our business.
Known and unknown risks, uncertainties and other
factors, many of which are beyond the Company’s ability to predict
or control, could cause actual results to differ materially from
those contained in the forward-looking statements. Specific
reference is made to the most recent Annual Information Form on
file with certain Canadian provincial securities regulatory
authorities for a discussion of some of the factors underlying
forward-looking statements.
All forward-looking statements herein are
qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by law. If
the Company does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements.
About Aura 360° Mining
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We calls
this 360° Mining.
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. In addition, the Company has two additional gold
projects in Brazil, Almas and Matupá, and one gold project in
Colombia, Tolda Fria.
For further information, please visit Aura’s website at
www.auraminerals.com or contact:
Rodrigo Barbosa
President &
CEO
305-239-9332
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