Aura Minerals Inc., the mining company which two years ago redomiciled to the British Virgin Islands from Canada, made an announcement that one of its main assets, the San Andres gold producing mine in Honduras, has suspended mining operations because of the illegal occupation of its private lands. The company is working with the local and national governments to change the situation, but operations may remain suspended until satisfactory outcome is achieved. Also, the company is not updating its gold production and cash cost guidance.
Aura’s President & CEO commented, “We are obviously extremely disappointed and frustrated that we have experienced another invasion from a small number of individuals. These illegal actions are having a disastrous impact on the local communities, employees, vendors and contractors. We have the support of the communities shown through local agreements and a number of large community marches.”