Aura Minerals Inc., the gold-copper production company which redomiciled from Canada to the British Virgin Islands,
reported financial and operating results for the first quarter of 2017. Net sales revenue announced by the company in the first quarter of 2017 decreased by 2%, as compared to the first quarter of the previous year, and gold production for the first quarter of 2017 was 11% lower compared to the same period.
During the first quarter of 2017, cash operating costs per ounce produced and per ounce sold were 3% and 9%, respectively, higher than the comparable period in 2016. All-in costs per ounce sold for the first quarter of 2017 was 19% higher than in the same period of last year, because of lower gold sales volume, higher production costs, general and administration expense and capital expenditures.