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Borborema Project

Project of Aura Minerals Inc. (ORA)

Borborema Project as reported in Aura Minerals Inc.’s news releases, read by Mining News Terminal. Each row links to its release.

Resource estimates

DateCategoryEstimateType
2026-02-26Probable40.70 Mt @ 1.13 g/t Au for 1.48 Moz Au—
2023-08-30Indicated2.08 MozUpdate

Economic studies

DateStudyAfter-tax NPVIRR
2026-02-26FS, base case US$ 1,472/ozUSD $612.5M (5%)42.8%
2024-05-06FS, $2,300/ozUSD $439.0M74%
2024-02-20FS, US$1,712/ozUSD $182.0M21.9%
2023-11-06FS, US$1,712/ozUSD $182.0M21.9%
2023-11-06FS, US$1,900/ozUSD $262.0M51.9%
2023-08-30FS, consensusUSD $182.0M (5%)21.9%
2023-08-30FS, base caseUSD $262.0M (5%)51.9%

Exploration programs

DateProgramSizeMethod and metal
2025-08-05drilling, planned—gold

Mine development

DateEventStatus
2025-09-23commercial productionachieved
2023-09-06construction decisionachieved

Permits

DatePermitStatusAuthority
2023-12-06Mining concessionsplanned—

Royalties and streams

DateRoyaltyHolderStatus
2023-12-20NSRAura Mineralsclosed
2023-12-06NSRAura Minerals—

Debt

DateTypeAmountLender
2023-12-20gold loanUSD $10.0MGold Royalty Corp.
2023-12-06gold loanUSD $10.0M—
2023-09-06loanUSD $100.0M—

NI 43-101 technical reports

DateReportAuthor
2026-06-23FS, filedSRK Consulting
2023-08-30FS, commissionedPromon Engenharia; SRK
2023-08-08FS, commissioned—
2023-06-01FS, commissioned—

News timeline

DateHeadline
2026-06-23Aura Minerals releases Almas, MSG and Borborema NI 43-101 Technical Reports
2026-02-26Aura Signed the Agreement to Relocate Road at Borborema Mine, Unlocking an additional 670 Koz of gold in Mineral Reserves, totaling 1.5 Moz
2025-09-23Aura Declares Commercial Production at Borborema
2025-08-05Aura Announces Q2 2025 and H1 2025 Financial and Operational Results
2024-05-06Aura Announces Q1 2024 Quarterly Financial and Operational Results
2024-02-20Aura Announces 2023 Annual Financial and Operational Results and 2024 Guidance
2023-12-20Aura Closes the Royalty Agreement and Gold-Linked Loan Agreement to Fund the Construction of the Borborema Project
2023-12-06Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project
2023-11-06Aura Announces Q3 2023 Financial and Operational Results and Guidance Update
2023-09-06Aura Minerals Announces Full Construction Decision for the Borborema Project and Secures Term Loan of US$100 million to Fund Construction
2023-08-30Aura Minerals Completes Feasibility Study for the Borborema Project and Increases Ownership Stake in Borborema Inc. to 100%
2023-08-08Aura Announces Q2 2023 Financial and Operational Results and Guidance Update
2023-06-01Aura Minerals Provides Update on the Borborema Project

Other projects of Aura Minerals Inc.

Aura Minerals Inc. properties

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