Long-term updated guidelines

ROAD TOWN, British Virgin Islands, November 08, 2022 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX:ORA) (B3:AURA33) (OTCQX:ORAAF) (“aura” or the “company“) announces that it has filed unaudited consolidated financial statements and management discussion and analysis (collectively, “Financial and Operating Results”) for the period ended September 30, 2022 (“Q3 2022″), which also includes its updated full-year guidance (” 2022 New Guidance”) and a new long-term production target (“2025 Production Target”). The full version of the financial and operating results can be viewed on the company’s website at www.auraminerals.com or on SEDAR at www.sedar.com. All amounts are in US dollars unless otherwise noted.

Highlights of Q3 2022 (compared to Q3 2021):

• Consolidated quarterly production of 58,175 gold equivalent ounces (“GEO¹”) in Q3 2022, an increase of 8% over Q2 2022 at constant metal prices; Consolidated production for the first nine months of 2022 was 174,861 GEO
  • Aranzazu milled 313,000 tonnes for the quarter, a record high for a single quarter
  • EPP produced 48% more in Q3 2022 than in the previous quarter; EPP production is expected to continue increasing in the fourth quarter of 2022
  • San Andres production for the third quarter of 2022 was below the company’s expectations, due to lower productivity caused by the ramp-up of a new mining company and heavy rainfall, and was approximately 70% above the historical average for this time of year
• Despite higher production in tonnes, lower copper prices impacted the overall GEO calculation for copper concentrate production during the quarter, while effective copper grade increased 12% compared to the same quarter of 2021
• Aura’s revenue for the third quarter of 2022 was $81.1 million, a decrease of 16% compared to the same period in 2021, reflecting lower metal prices and one-time price adjustments in the third quarter due to the Aranzazu offtake agreement in the amount of – 10 million US dollars (“Aranzazu Q3 Offtake Price …