Aura Minerals Announces Social License Agreement in Honduras
TORONTO, ON--(Marketwired - August 18, 2016) - Aura Minerals Inc. (the "Company") (TSX: ORA) announces that it has signed a Social License Agreement with the community of Azacualpa (the "Agreement").
On August 17, 2016, the Company`s wholly-owned subsidiary, Minerales de Occidente, S.A. de C.V., participated in a signing ceremony for the Agreement together with members of its Azacualpa community, including the town's council as well as national, state and municipal government officials from a number of departments.
Mr. James Bannantine, the Company's President and CEO stated, "The process and negotiation of the Agreement involved a considerable amount of time and energy from all parties involved and we are pleased to have achieved a result that is beneficial for not only the Company, and the community of Azacualpa but also Honduras as a whole with respect to the continuing long-term investment in the community as well as national and municipal government taxes and royalties. Through an extended community and stakeholder consultation process, we have aligned ourselves with international, Canadian and Honduran law and ensured good governance and respect for the environment, employment and human rights. The Agreement includes Company obligations that will continue to be fulfilled by the Company over the coming years which are generally set forth in our San Andres NI 43-101 technical report, and guarantees our Social License. This unprecedented initiative in Honduras has focused principally on international established practice in cemetery relocations in order to establish a high quality bar for future cemetery relocations both nationally and internationally."
Further Information
For further information, please visit Aura Minerals' web site at www.auraminerals.com or contact:
Cautionary Note
This news release contains certain "forward-looking information" and "forward-looking statements", as defined in applicable securities laws (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements relate to future events or future performance and reflect the Company's current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to the relocation of the cemetery and social license.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements.
All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.