Aura Minerals completed the acquisition of Big River Gold for $64m.

Aura Minerals, a multi-national mining company, completed the acquisition of Big River Gold, a specialised minerals exploration and development company focused on the Borborema Gold Project, for $64m and formed an 80/20% joint venture with Dundee Resources, a mining company. “I am pleased to announce this deal for the company and its shareholders to participate directly in the future cash flows of a high-quality, development stage mining project in Brazil. We look forward to working closely with Aura Minerals, an exceptional and responsible operator with a great deal of experience and success working in Brazil, to develop the fully-permitted Borborema Gold Project,” Jonathan Goodman, Dundee President and CEO. On September 2, 2022, Big River shareholders vote in favour of acquisition by Aura.