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BRIEF-Aura Announces New And Improved Offtake Agreement With Trafigura Starting In 2022

Published 2020-11-19, 04:56 a/m
Updated 2020-11-19, 05:00 a/m
© Reuters.

Nov 19 (Reuters) - Aura Minerals Inc ORA.TO :

* AURA ANNOUNCES NEW AND IMPROVED OFFTAKE AGREEMENT WITH TRAFIGURA STARTING IN 2022

* NEW AGREEMENT IS EFFECTIVE AS OF BEGINNING OF 2022 AND CONTINUES UNTIL END OF 2024

* AURA MINERALS - UNDER AGREEMENT, TRAFIGURA AGREED TO PURCHASE 100% OF COPPER AND GOLD CONCENTRATE PRODUCED AT ARANZAZU DURING TERM OF NEW AGREEMENT

* AURA EXPECTS ARANZAZU TO ACHIEVE MATERIAL SAVINGS UNDER NEW AGREEMENT

* CURRENT OFFTAKE AGREEMENT IN PLACE WITH IXM METALS ( "EXISTING AGREEMENT") WILL REMAIN IN FORCE UNTIL END OF 2021

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