Aura Minerals is trading 15.50% lower at $66.16, with gold’s sharp decline weighing on the broader mining sector.
- Reuters reported on October 30 that rising oil prices and persistent US inflation strengthened expectations of further Federal Reserve rate hikes, making non-yielding gold less attractive.
- Gold had fallen to a mid-July low and was headed for a second consecutive monthly decline; no clear company-specific announcement explaining Aura Minerals’ drop was found.
- Shares fell steeply after the October 29 close of $78.30.