SureTrader SureTrader
Home > Boards > Canadian > Mining/Resources >

Aura Minerals Inc. (TSX:ORA)

TSX:ORA RSS Feed
Add TSX:ORA Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 8/8/2016 9:47:04 PM - Followers: 2 - Board type: Free - Posts Today: 0

 

 

Aura Minerals

 


Aura Minerals is a Canadian mid-tier production company focused on the exploration, development and operation of gold and base metal projects in the Americas.

Aura Minerals’ portfolio includes four producing mines: the San Andres gold mine located in La Union, Honduras; the Sao Francisco and Sao Vicente gold mines, located in Mato Grosso state, Brazil and the Aranzazu copper-gold-silver mine, located in Zacatecas, Mexico.

The Company’s core development asset is its copper-gold Serrote de Laje project (formerly, Arapiraca project), located in Alagoas State, Brazil. On September 4, 2012, Aura Minerals announced the results of a positive feasibility study at the Serrote project.  The feasibility study focuses on developing the deposit as an open pit mine that will supply ore to a concentrator at a rate of 7 million tonnes per year, producing copper in concentrate with gold credits.  Magnetite recovery and oxide ore treatment have also been identified as future opportunities at the project.  With all critical permits in place, and with the excellent infrastructure nearby the project, the Company has commenced negotiations for project financing and contracting.

Moving forward, Aura Minerals will continue to engage in strategic activities that demonstrate the Company’s commitment to responsible and sustainable growth. The Company’s focused growth strategy is underpinned by a targeted production platform of gold from its three gold mines (targeted 2012 gold production totalling 165,000 to 185,000 ounces), strengthened by copper, gold and silver production from the Aranzazu mine (targeted 2012 production of 13 million to 14 million pounds of copper; 7,500 to 8,500 ounces of gold, and 145,000 to 155,000 ounces of silver). Aura Minerals’ experienced management team and attractive portfolio of diversified projects will continue to solidify the Company’s position as a mid-tier gold-copper producer.


Share Structure


Share Structure current as at  March 31, 2012

Trading Symbol/Exchange:

TSX: ORA

Issued and Outstanding:

228,161,922

Options Outstanding

17,382,675

Treasury Share Units

501,498

Fully Diluted

246,046,095




Directors

Patrick J. Mars, Chairman of the Board and Director

Mr. Mars was appointed the non-executive Chairman of the Board in March 2008. Mr. Mars is a corporate director with extensive experience in mining financing and analysis gained during his career of over 30 years in the Canadian investment industry. For the majority of his career he was with Alfred Bunting & Co./Bunting Warburg, a Canadian investment dealer and stockbroker where he was President and CEO from 1981 to 1994. During this time, he served three year terms both as a governor of the Toronto Stock Exchange and director of the Investment Dealers Association. Presently, he is a director of Yamana Gold Inc., Carpathian Gold Inc. and Sage Gold Inc. Mr. Mars is also the President of P.J. Mars Investments Limited, a private company, and sits on the board of directors of the Renascent Foundation, a charitable organization.
 
 

Jim Bannantine, Director

Mr. Bannantine joined Aura Minerals in October 2011. Prior to joining Aura Minerals, Mr. Bannantine served as CEO of Intercap Energy Systems, a provider of systems and software to electric utilities and large commercial, campus and government customers. From 2005 to early 2010, Mr. Bannantine was a partner in Atlantic Capital Group and served as Managing Partner of their private equity activities, responsible for origination, investment due diligence, negotiation of transactions, investment pricing and structuring and fund raising. Between 2001 and 2005, Mr. Bannantine founded Acumen Capital, LLC, a private equity firm. From 2001 through 2002 Mr. Bannantine led and then sold a start-up company, Dorsal Networks, to Corvis Corporation (NASDAQ: CORV). Corvis subsequently became Broadwing Corporation (NASDAQ: BWNG), a $900 million telecom company, where Mr. Bannantine served as President and Chief Operating Officer from 2003 through 2005. Mr. Bannantine worked with Enron Corporation for ten years, from 1990 to 2000, holding several top management positions, including six years in Brazil, most notably as Chief Executive Officer for Enron South America, the power and pipeline division of Enron with assets of $3.5 billion and 4,500 employees. Prior to Enron, Mr. Bannantine served in the United States Army as Contracting Officer for the Corp of Engineers in Honduras, and as an Assistant Professor of Economics and Finance at the US Military Academy. Mr. Bannantine received an MBA from the Wharton School with Distinction and is a West Point Distinguished Graduate. He is a licensed Professional Engineer and is board member of several private companies, organizations and charities.
 
 

Tom Ogryzlo, Lead Director

Mr. Ogryzlo was appointed the Lead Director of the Company in December 2011 and has over 45 years of experience in the development, financing, design, construction and operation of global mining, industrial and energy projects, particularly in Latin America. Mr. Ogryzlo has held executive management positions with a number of mining and engineering companies worldwide. He recently retired from the positions of Senior Vice President of Latin American Operations for Ram Power Corp. and President and CEO of Ram’s subsidiary, Polaris Geothermal Inc., a geothermal power producer founded by Mr. Ogryzlo in 2002. Among his previous positions, he has held the roles of President and CEO of Black Hawk Mining, a gold producer, President of Kilborn SNC-Lavalin, a large engineering contractor, and President of Cerro Matoso S.A., a large ferro nickel producer. Over the years, Mr. Ogryzlo has served on the board of twenty TSX listed companies and is currently a director of Baja Mining Corp. and Vista Gold Corp., and is also Interim CEO of Baja Mining Corp.
 
 

Stephen Keith , Director

Mr. Keith has worked on projects in more than 30 countries, with a focus in Latin America. He has over 15 years of experience working with mining and energy companies, spearheading projects through feasibility studies, engineering design, project management and construction. He has engaged in over CDN$2 billion in financings and merger and acquisition deals for natural resource projects. Mr. Keith is currently the President and Chief Executive Officer and a Director of Search Minerals Inc. (TSX: SMY). Prior to his work with Search Minerals, Mr. Keith was a founder and the President and Chief Executive Officer of Rio Verde Minerals Development Corp. (TSX: RVD), a company he took from concept to listing onto the TSX, with over $30 million completed in equity financings. Mr. Keith led Rio Verde until its acquisition by B&A Fertilizers Limited on March 13, 2013. Mr. Keith has also held the titles of Vice President, Corporate Development at Plutonic Power Corporation; Director, Investment Banking at Thomas Wiesel Partners; Vice President, Investment Banking at Westwind Partners Mining Group; and Manager, Technical Services with Knight Piesold Consulting. He holds a BSc, Applied Science (Queen’s University), an International MBA (York University, Schulich School of Business) and a PEng (Ontario and British Columbia).
 
 

Elizabeth A. Martin, Director

Ms. Martin is a corporate director and professional accountant with a strong background in international exploration and mining projects. She has held senior financial management and executive roles in base metal and precious metal companies such as Northgate Mines Inc., Western Mining Corporation, IAMGOLD Corporation and High River Gold Mines Ltd. Ms. Martin, who is a certified member of the Institute of Corporate Directors, is currently on the board of Marengo Mining Limited and is also on the board of directors of Sunnybrook Health Sciences Centre as well as the Healthcare Insurance Reciprocal of Canada, the latter two organizations being based in Toronto. Previously, in addition to serving as a financial consultant in the mining sector (2001 to 2006), she was on the board of Goldbelt Resources Ltd. (2005 to 2008), and was the chair of the board of St. John’s Rehabilitation Hospital in Toronto (2005 to 2008).
 
 

William Murray, Director

Mr. Murray is a Professional Engineer with 40 years of international mining experience in operations, engineering and construction. During the period of March 2003 and February 2008, Mr. Murray was President and CEO of PolyMet Mining Corp. where he was instrumental in developing and advancing the large-scale poly-metallic NorthMet project located in the Minnesota Iron Range. In the mid-1980s, he participated as an investor/developer in a number of private projects such as the Craigmont Mines magnetite operation (Canada) and the Boleo copper/cobalt project (Mexico). Mr. Murray previously worked in senior management positions at Anglo American Corporation, Fluor Daniel and Denison Mines, where he was part of the core team that built the $1.2 billion Quintette Coal project. He is currently a director of Polymet Mining Corp., South American Silver Corp. and Prospero Silver Corp.
 
 

Management Team

Jim Bannantine, President and Chief Executive Officer

Mr. Bannantine joined Aura Minerals in October 2011. Prior to joining Aura Minerals, Mr. Bannantine served as CEO of Intercap Energy Systems, a provider of systems and software to electric utilities and large commercial, campus and government customers. From 2005 to early 2010, Mr. Bannantine was a partner in Atlantic Capital Group and served as Managing Partner of their private equity activities, responsible for origination, investment due diligence, negotiation of transactions, investment pricing and structuring and fund raising. Between 2001 and 2005, Mr. Bannantine founded Acumen Capital, LLC, a private equity firm. From 2001 through 2002 Mr. Bannantine led and then sold a start-up company, Dorsal Networks, to Corvis Corporation (NASDAQ: CORV). Corvis subsequently became Broadwing Corporation (NASDAQ: BWNG), a $900 million telecom company, where Mr. Bannantine served as President and Chief Operating Officer from 2003 through 2005. Mr. Bannantine worked with Enron Corporation for ten years, from 1990 to 2000, holding several top management positions, including six years in Brazil, most notably as Chief Executive Officer for Enron South America, the power and pipeline division of Enron with assets of $3.5 billion and 4,500 employees. Prior to Enron, Mr. Bannantine served in the United States Army as Contracting Officer for the Corp of Engineers in Honduras, and as an Assistant Professor of Economics and Finance at the US Military Academy. Mr. Bannantine received an MBA from the Wharton School with Distinction and is a West Point Distinguished Graduate. He is a licensed Professional Engineer and is board member of several private companies, organizations and charities.
 
 

Rory Taylor, CA (SA), Chief Financial Officer

Mr. Taylor joined Aura Minerals in March 2012 and has 15 years of mining experience. Prior to joining Aura Minerals, Mr. Taylor was Vice President, Finance, Mining Operations at Endeavour Mining Corporation for a year and prior thereto, he was Vice President, Finance at Crew Gold Corporation for 6 years. These companies owned and operated gold mines and various exploration properties in West Africa, Greenland and the Philippines and he was responsible for all aspects of financial management within the organizations. He has also held senior finance roles in companies in the telecommunications sector and in the assurance practices of Ernst and Young in Vancouver and South Africa. He holds a Bachelor of Commerce degree from the University of Cape Town and is a South African qualified Chartered Accountant.
 
 

Bruce Butcher, P. Eng, Vice President, Technical Services

Mr. Butcher joined Aura Minerals in September 2010 as Vice President Technical Services, bringing with him over 25 years of mine engineering, operating and project experience from both North and South America. Prior to joining Aura Minerals, Mr. Butcher was Director, Mine Engineering for Teck Resources Ltd., responsible for the open pit and underground mine design for all corporate projects and operational support. Mr. Butcher began his career working for Quintette Coal Ltd, and later at the Bullmoose mine for Teck as a Production Engineer. After that he moved to the Afton project as a Sr. Mine Engineer and eventually joined Teck’s Vancouver office. Mr. Butcher was involved with the Antamina project in Peru, where he was active in the start-up, commissioning and operation of the mine for 4 years. He returned from Peru to Teck’s Head office where he was Manager, Mine Engineering, before becoming Director, Mine Engineering in 2008. In addition to engineering and operational activities, he has served as a Technical Committee member for Hemlo’s underground operations, Antamina, and more recently for the Galore Creek JV. He holds a Bachelor of Science (Hons) in Mining Engineering from Queens University, and a diploma in Mining Technology from BCIT.
 
 

Keith Harris-Lowe, Vice President, Human Resources

Mr. Harris-Lowe joined Aura Minerals in June 2010 as Vice-President, Human Resources, bringing with him over 15 years of experience in the mining sector. Prior to joining Aura Minerals, Mr. Harris-Lowe worked for Falconbridge Ltd. and then Xstrata Plc. following the merger of these two companies. Mr. Harris-Lowe worked at a number of metallurgical and mining sites, and then in divisional roles where, over this period, he was responsible for succession planning, leadership development, organizational development, recruitment and selection, performance management, and labour relations. He holds a Bachelor of Business Administration from Wilfrid Laurier University.
 
 

Ryan Goodman, General Counsel and Corporate Secretary

Mr. Goodman was appointed Legal Counsel & Corporate Secretary of Aura Minerals in June 2012. Prior to joining Aura Minerals, Mr. Goodman practiced law with several Canadian national law firms representing numerous mining companies in the Americas in connection with initial public offerings, private placement funding, takeovers and mergers, the acquisition and disposition of mineral properties and public company maintenance and compliance including corporate governance and public disclosure. Mr. Goodman is a graduate of the University of Manitoba and is a member of the Canadian Bar Association in British Columbia.
 
 

Gonzalo Rios, B.Sc., MBA, EP, Vice President, Corporate Responsibility

Mr. Rios joined Aura Minerals in March 2010, bringing with him 18 years of mining environmental and safety experience. Mr. Rios has worked at operations and projects in South and Central America, where his core skills lie in permitting, mine closure, water quality and safety management. He was involved in several successful mining operations in Chile, such as, Escondida, El Abra and Cerro Bayo Mines, and before coming to Aura Minerals he held the position of Director, Environmental Affairs at Pan American Silver Corp. Previous to Pan American Silver Corp., Mr. Rios led AMEC’s earth and environmental division and held the position of Safety, Health and Environment Manager for the Mining and Metals Division in Chile. In these roles, Mr. Rios oversaw health, safety, environmental and community relations projects in Brazil, Peru, Bolivia, Panama and Chile. Mr. Rios holds a Bachelor of Science degree in chemistry from the University of Toronto, a postgraduate diploma in environmental management from the University of Santiago, Chile, a postgraduate diploma in environmental engineering from the University of Concepcion, Chile and a Master in Business Administration from the University of Chile.
 
 

Dale Tweed, P. Eng., Vice President, Projects

Mr. Tweed joined Aura Minerals in July 2009. He has over 25 years of experience in the execution of greenfield and brownfield mining projects. He has considerable experience in Latin America, having participated in projects in Peru, Chile, Argentina, Mexico, Honduras and Brazil. His experience prior to joining Aura included progressively senior project management roles for mining companies – Yamana, Rio Tinto, Viceroy Exploration, and Placer Dome – as well as for engineering and construction firms – Fluor and Amec. Notable projects in which Mr. Tweed held a senior role through the execution phase include Gualcamayo, Diavik, Cuajone 96K expansion, and Cerro Verde SX/EW expansion. Mr. Tweed holds a Bachelor of Science degree in Mechanical Engineering from the University of Alberta and an MBA in Project Management from Athabasca University.
 
 

Alex Penha, Vice President, Corporate Development

Mr. Penha joined Aura Minerals in November 2012. Mr. Penha has nine years of mining experience in corporate development, research and investment banking. In addition to his role with the Company, Mr. Penha is the General Manager, Corporate Development at Rio Novo Gold (TSX: RN) and Vice President, Corporate Development for Rio Verde Minerals Development Corp (RVD-TSX). Mr. Penha also sits on the board of directors of Search Minerals Inc. (SMY-TSXV) and is member of the board of directors of the Brazil-Canada Chamber of Commerce. Prior to joining Rio Novo, Mr. Penha worked as a Vice President of Research at Tau Capital Corp.; Gold Research Associate at Merrill Lynch Canada; Gold Research Associate at Clarus Securities Inc.; and as a Mining Associate in the Investment Banking group of Thomas Weisel Partners Canada. Mr. Penha has also worked for over five years in Corporate Finance at Banif Investment Banking and other capital markets institutions based in Brazil. Mr. Penha holds an MBA from York University, Schulich School of Business, a BSc. Economics, Rio de Janeiro State University (UERJ) and a Post-Graduate Degree in Corporate Finance, Getulio Vargas Foundation (FGV), Rio de Janeiro.
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
TSX:ORA
Current Price
Volume:
Bid Ask Day's Range
SureTrader
TSX:ORA News: Statement of Changes in Beneficial Ownership (4) 06:10 AM
TSX:ORA News: Statement of Changes in Beneficial Ownership (4) 06:10 AM
TSX:ORA News: Statement of Changes in Beneficial Ownership (4) 06:08 AM
TSX:ORA News: Statement of Changes in Beneficial Ownership (4) 09/29/2016 10:56:09 AM
TSX:ORA News: Current Report Filing (8-k) 09/14/2016 10:30:33 AM
PostSubject
#7   ARMZF OTCRIDER 08/08/16 09:47:04 PM
#6   Nice close at 0.18! Every day it climbs... MoneyJames 02/21/14 06:05:27 PM
#5   Have you heard of hedging... luckycogito 02/21/14 08:17:51 AM
#4   IMO, with such low volume, this could easily MoneyJames 06/11/13 05:30:19 PM
#3   Today's volume: 3000 MoneyJames 06/11/13 05:29:18 PM
#2   Aura Minerals Provides an Update on the Aranzazu Project MoneyJames 06/10/13 05:51:10 PM
#1   Is anyone out there??? MoneyJames 06/09/13 04:41:24 PM
PostSubject