Q2 2023 Aura Minerals Inc Earnings Call Transcript

Aug 08, 2023 / 01:00PM GMT
Rodrigo Cardoso Barbosa - Aura Minerals Inc. - CEO & President

Okay. Good morning all, and again, thank you for being here with us so that we can explain and go through the quarter's results. As we already predicted, now we go through this was a very important quarter for us despite a weaker production that was already projected. We generated cash flows. We are moving significantly forward on the projects that I'm going to share with you.

But first, going to the results and the production by itself. As we already released in early July, the production of this quarter was close to 48,500 gold equivalent ounces, and that is lower than the first quarter, mainly because of EPP when during the last quarter, we assessed lower grades. This was already projected since the beginning of the year. So we knew that this quarter would be weaker in EPP and that we will be reaching higher grades in Q3 and then Q4, significant higher grades. I'm going to show you that exactly what happened in 2021, in 2022. Now in 2023, we should also have a strong Q3 and even stronger in Q4, not only by higher grades in EPP,

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