Aura Minerals Approves US$382 Million Era Dorada Project for 111,000 Ounce Output
Aura Minerals' board has green-lit the US$382 million Era Dorada gold project in Guatemala, targeting first production in H1 2028 with average annual output of 111,000 ounces over the initial four years. The plan includes an advanced water treatment system to fully recycle plant water and supply potable water to communities.
1. Board Approval and Project Scope
The Board of Directors approved the development of the Era Dorada Project with a total capital expenditure budget of US$382 million. The project has been converted to underground mining and reflects over 1,000 hours of dialogue with local communities, authorities and regulators.
2. Production and Life of Mine
Era Dorada is expected to commence operations in the first half of 2028, producing an average of 111,000 ounces of gold annually during its first four years. Mineral reserves underpin a 17-year life of mine, estimated in accordance with modern reporting standards.
3. Environmental and Social Initiatives
Aura has budgeted for an advanced water treatment plant that will recycle 100% of process water and purify potable water for local communities. Additional measures include collaboration on urban wastewater treatment and permanent stakeholder roundtables to ensure ongoing dialogue and social benefits.
4. Timeline and Next Steps
With feasibility study filings complete, the company will pursue all necessary government permits and approvals. Key milestones include engineering design finalization, construction of mining and processing infrastructure, and commencement of pre-production in late 2027 ahead of commercial output in H1 2028.