Production, construction grinds to a halt at Aura Minerals’ Aranzazu

Canadian midtier gold and copper producer Aura Minerals has provisionally suspended all mining activities and capital projects, including underground development work at the Aranzazu project, in Mexico, after the company failed to raise the required capital. Aura on Thursday said it had been unable to internally generate, or externally raise, the financing required in the current mining and commodity price environment to maintain or expand the current operations.