07:31 AM EDT, 04/01/2025 (MT Newswires) -- Aura Minerals ( ORAAF ) reported Tuesday its updated mineral reserves and resources for year-end 2024.

Aura said its proven and probable reserves totaled 3.4 million gold equivalent ounces, a 3% decrease, primarily due to depletion.

The company said its measured and indicated resources rose 1% to 6.4 million gold equivalent ounces while inferred resources grew 4% to 1.1 million gold equivalent ounces.

"Reflecting on another year of disciplined execution and strategic focus, Aura drilled over 100,000 meters across its portfolio, investing US$21.8 million in exploration and achieving one of the industry's lowest discovery costs at US$22.00 per ounce," President and CEO Rodrigo Barbosa said.

The reserves and resource statement covered Aura's five operating mines as well as its development projects, the company said.