Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, May 4, 2012

Company News - Aura Minerals

Aura is being followed on this blog for educational purposes because it is a good business case operating  mines internationally  mining copper and  gold.  Gold has been in an eleven years rise.  "Copper is the metal with a Phd in Economics" is an expression alluding to the predictive qualities of the price of copper. 

Aura  gives the follower of the company reason to watch the underlying metals and other factors judged by the price of Aura. 

The gold price has been rising yet the stock price has been in a steady decline for 4 or more years.  What are the reasons that would cause a company to see loss of values in its share price while the minerals it produces have been in a steady rise?

 Labour relations are important when a company has 1335 employees mostly in foreign countries.  Ore grades and mining methods are another place to look for hints about the poor stock price performance. Possible geopolitical risk increases caused by changing governments in Brazil, Honduras or Mexico need investigating.  Management problems are another area  to be investigated to eliminate as a reason for the price decline. .Are the share prices of similar companies in a steady decline or does Aura's under performance stand out?

The company will be announcing first quarter results in under 2 weeks and some answers may be given to better understand the company.  Are they reaching their production targets and grades of the ore produced?
Are the costs of mining improving? 
Company News | Markets | Financial Post

 Aura Minerals Announces First Quarter 2012 Conference Call Details

04/30/2012-13:30:52

VANCOUVER, BRITISH COLUMBIA, Apr 30, 2012 (MARKETWIRE via COMTEX News Network) -- Aura Minerals Inc. ("Aura Minerals" or the "Company") (TSX: ORA)
announces that the
Company will release its first quarter 2012
financial and operational results, after the close of business on
Tuesday, May 15, 2012.  
A conference call and audio webcast will
follow on Wednesday, May 16, 2012 at 9 a.m. (eastern time) for
management to discuss the results. This discussion will be followed
by a question-and-answer period with investors.
The conference call replay will be available from 2 p.m. eastern time
on May 16, 2012, until 11:59 p.m. eastern time on May 30, 2012.


About Aura Minerals Inc.

Aura Minerals is a Canadian mid-tier gold and copper production
company focused on the exploration, development and operation of gold
and base metal projects in the Americas.

The Company's producing assets include the San Andres gold mine in Honduras, 
the Sao Francisco and Sao Vicente gold mines in Brazil and the
copper-gold-silver Aranzazu Mine in Mexico. 

Other significant assets include the feasibility-stage copper-gold-iron ore Serrote de Laje
project (formerly, the Arapiraca Project) in Brazil.

For further information, please visit Aura Minerals' web site at
www.auraminerals.com.

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