Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Importantly, Aura said it is maintaining its second half and full year 2022 production guidance; however, the company has narrowed the range to 260,000 to 275,000 oz for 2022 full year, compared to 260,000 and 290,000 oz as expected previously. The company also announced revenues of $93.4 million, an 11% reduction as result of lower production and lower copper prices, while gross margins were $29.0 million, a 32% decrease, as result of lower production which also negatively impacted cash costs at EPP and San Andres.
CEO Rodrigo Barbosa commented,"Aranzazu and EPP performed above expectations during the first six months of the year and, despite the challenges with metal recoveries at the San Andres mine and when added to an expected higher production during the second half of 2022, Aura expects to meet its initial production guidance.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Horizonte Minerals call awarding of civil works contract a 'key milestone'A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews. yo, Ron Paul stream has been nuked by youtube. could you upload to it to Rumble or another, not empire propaganda site?
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
U.S. EV tax credit proposal adds tougher sourcing limits for critical minerals, batteriesAs part of the proposed U.S. EV tax credit, automakers would be subject to annual increases in sourcing requirements for minerals and battery components used in eligible EVs and limited to sourcing from countries with a free trade agreement with the United States such as Canada and Mexico — a caveat aimed at reducing reliance on China.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »
Northern Dynasty Minerals secures $60 million royalty deal for PebbleA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
40 Of The Worst Examples Of Food Shared In The “Food With Threatening Auras” GroupWe've had cats with threatening auras. Bedrooms. Texts. Even toilets. It's about time we moved to the kitchen, don't you think?
Source: boredpanda - 🏆 18. / 72 Read more »
Greenland Minerals says exploration license to be rejected in shared gov't draftA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Minera IRL produces 5,438 gold ounces in second quarter, maintains its 2022 guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »