Impact: Neutral
Aura Minerals released Q2 financial and full operating results that were in line with our expectations as preliminary production had already been released. The company also provided updated guidance from which we have revised our estimates for the remainder of 2021. We now have a slightly more optimistic outlook for Aranzazu and EPP going into H2/21 given the anticipated higher grades and operational improvements. Additionally, as a result of rolling our model forward we are increasing our price target to C$26.00 (was C$25.00).
