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The latest announcement is out from Aura Minerals ( (TSE:ORA) ).
Aura Minerals has announced the preliminary economic assessment for its Era Dorada Project in Guatemala, highlighting strong economic potential with an after-tax NPV of $485 million and an IRR of 24% at a gold price of $2,410 per ounce. The project, acquired from Bluestone Resources, is expected to produce 1.4 million ounces of gold over 17 years, with significant local collaboration to meet environmental and social standards, potentially impacting local employment and economic development.
The most recent analyst rating on (TSE:ORA) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Aura Minerals stock, see the TSE:ORA Stock Forecast page.
Spark’s Take on TSE:ORA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ORA is a Neutral.
Aura Minerals demonstrates strong market momentum and cash flow generation. However, profitability challenges and high leverage present risks. The company has promising growth prospects, but focus on improving financial stability and managing risks will be crucial for future performance.
To see Spark’s full report on TSE:ORA stock, click here.
More about Aura Minerals
Aura Minerals Inc. operates in the mining industry, focusing on the exploration and development of gold resources. The company is involved in various projects across the Americas, with a market focus on expanding its portfolio of development projects.
Average Trading Volume: 69,183
Technical Sentiment Signal: Buy
Current Market Cap: C$2.52B
See more data about ORA stock on TipRanks’ Stock Analysis page.