Aurelia to shut Hera underground
ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year.
The company told shareholders that the cessation of mining would be earlier than previously planned, however, following two quarters of negative cashflow from the operation, it was necessary to implement the change to return the Hera mine to a forecast cashflow positive position for the remainder of its mine life.