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Aura-Rio Novo combination promises strong growth pipeline

Aura Minerals (CN:ORA) CEO Rodrigo Barbosa has talked up the company’s proposed merger with Rio Novo Gold (CN:RN), telling shareholders on a conference call that it will provide them “with a portfolio of assets at different stages of development”.

Aura-Rio Novo combination promises strong growth pipeline Aura-Rio Novo combination promises strong growth pipeline Aura-Rio Novo combination promises strong growth pipeline Aura-Rio Novo combination promises strong growth pipeline Aura-Rio Novo combination promises strong growth pipeline

San Andres in Honduras will underpin the newly-merged company

The all-share deal, which is due to close on March 31, will add the development potential of Rio Novo's Almas project in Tocantins, Brazil, to the 135,000 ounce per annum production of Aura's San