MANAGEMENT

Aura pulls plug on San Andres

Aura Minerals, still without a resolution to the illegal occupation of its San Andres gold mine in Honduras it first confirmed in July, has opted to suspend mining operations at the project

Staff Reporter
 Production at the San Andreas mine in Honduras is now suspended

Production at the San Andreas mine in Honduras is now suspended

The gold and copper producer said that, during the stoppage, it will continue to leach the heap-leach pads that have been stacked.

Company president and CEO Rodrigo Barbosa said the company is "extremely frustrated" with the situation but notes that it is not alone - the same is happening at several other hydroelectric and mining projects.

"When these criminals first illegally entered the mine, the company was able to mine outside of the then mine plan with decent results; however, the recovery rates in these areas have decreased, and the company is now forced to take the difficult position and suspend mining operation," Barbosa added, noting that Aura is working with local and national authorities and considering all of its options.

In the meantime, he said there is concern for the thousands of direct and indirect jobs that stand to be lost. Both the union and community are working with Aura to assist in the resumption of normal mining operations.

"This is not a community issue, and the company continues to try to foster a peaceful resolution," Barbosa said.

"We are optimistic that a resolution will be forthcoming this week, and we appreciate the strong support of the union and the community."

The miner has adjusted its guidance for San Andres production and now estimates a low of 55,000oz and a high of 65,000oz.

Aura also currently operates the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions