Aura Minerals (AUGO) Company Report

Analyst Coverage

Research analysts covering Aura Minerals.

Latest news

Recent press releases and 8-K filings for AUGO.

Aura Minerals Announces Record Q4 2025 Production and Achieves 2025 Guidance

AUGO

Earnings

Guidance Update

M&A

Aura Minerals Inc. reported record high preliminary Q4 2025 production of 82,067 gold equivalent ounces (GEO) at current prices, marking an 11% increase over Q3 2025 and 23% over Q4 2024.
For the full year 2025, total production reached 280,414 GEO at current prices, which is 5% above 2024.
The company achieved the upper half of its 2025 Production Guidance (266k GEO – 300k GEO), with 285,380 GEO at 2025 Production Guidance Prices (excluding MSG).
CEO Rodrigo Barbosa highlighted the company's strong growth trajectory, including increased production, extended mine lives, and two transformative acquisitions (Era Dorada and MSG), positioning Aura for over 600k GEO in the years ahead.

Jan 12, 2026, 11:25 AM

6-K

Aura Minerals Receives Construction License and Begins Early Works for Era Dorada Project

AUGO

New Projects/Investments

Aura Minerals Inc. (AUGO) has received the construction license and commenced early works for the Era Dorada Project in Jutiapa, Guatemala, as of January 6, 2026.
The project, formerly known as Cerro Blanco, was acquired in January 2025 through the acquisition of Bluestone Resources Inc..
Early works activities include environmental programs, controlled vegetal suppression, main road detour, internal road access opening, mine dewatering, and preparation of platforms for equipment and temporary facilities.
Aura's President and CEO, Rodrigo Barbosa, emphasized the company's commitment to responsible mining and community engagement, noting the formal decision to proceed exclusively with underground operations.

Jan 6, 2026, 11:18 AM

6-K

Aura Minerals Inc. announces positive Feasibility Study for Era Dorada Gold Project

AUGO

New Projects/Investments

Aura Minerals Inc. has completed a Feasibility Study for its Era Dorada Gold Project, which was acquired in January 2025.
The study projects positive economics for the project, with a post-tax Net Present Value (NPV) of US$1,344 million (5% discount rate) and a post-tax Internal Rate of Return (IRR) of 35.6%.
Over its 17-year life-of-mine, the project is estimated to produce 1,620.4 thousand ounces of gold and 4,876.4 thousand ounces of silver, with average cash costs of $993.1 per ounce and All-in Sustaining Costs (AISC) of $1,178.0 per ounce.
Metallurgical testwork demonstrated high average recovery rates of 96% for gold and 85% for silver.

Jan 5, 2026, 9:52 PM

6-K

Aura Minerals Outlines Growth Strategy and Financial Performance at Investor Day 2025

AUGO

Guidance Update

Dividends

New Projects/Investments

Aura Minerals projects to achieve over 600,000 ounces of production within the next few years, representing more than a 100% increase from current levels, driven by greenfield projects and increased exploration.
The company maintains a dividend policy of 20% of EBITDA minus recurring CapEx, resulting in a 7.4% dividend yield over the last 12 months, which is noted as the highest in the gold sector.
Aura Minerals reported EBITDA of $136 million in 2023 and $267 million in 2024, with the last quarter of 2024 alone generating $152 million.
Significant investments include $484 million in expansion and exploration, alongside $276 million returned to shareholders through dividends and share buybacks over the past four years.
The recent NASDAQ listing has successfully increased the daily trading volume from $1.5 million to $20-$30 million per day, aiming to attract major institutional investors and improve valuation multiples.

Dec 8, 2025, 2:00 PM

Transcript

Aura Minerals Outlines Plans for Over 600,000 Ounces Production and High Dividend Yield at Investor Day 2025

AUGO

Guidance Update

Dividends

New Projects/Investments

Aura Minerals aims to achieve over 600,000 ounces of production within the next few years, representing more than a 100% increase from the last 12 months, without new acquisitions. This growth plan is fully funded internally with cash flows and debt capacity.
The company maintains a dividend policy of 20% of EBITDA minus recurring CapEx , with a reported dividend yield of 7.4% in the last 12 months , which is stated as one of the highest in the gold sector globally.
Aura Minerals reported $136 million EBITDA in 2023 and $267 million in 2024. The last quarter (Q4 2024) generated $152 million EBITDA with gold at $3,400.
The company has significantly increased its measured and indicated resources to almost 10 million ounces (9.6 million ounces) , with a low discovery cost of $34 per ounce compared to the industry average of $131.
Key projects include the recently acquired Era Dourada, expected to produce over 100,000 ounces per year with a CapEx of $382,000 and an IRR of 35.6% , and the recently acquired MSG, which is expected to generate interesting EBITDA and cash flows.

Dec 8, 2025, 2:00 PM

Transcript

Aura Minerals (AUGO) Outlines Significant Production Growth and Strong Financial Performance at Investor Day

AUGO

Guidance Update

Dividends

New Projects/Investments

Aura Minerals (AUGO) projects to reach over 600,000 ounces of production within the next few years, representing over a 100% increase compared to the last 12 months, without new acquisitions.
The company has demonstrated strong financial growth, with EBITDA increasing from $136 million in 2023 to $267 million in 2024.
AUGO maintains a consistent dividend policy, paying out 20% of EBITDA minus recurring CapEx, resulting in dividend yields ranging from 6.5% to 13.5% over the last five years.
Aura Minerals has significantly increased its measured and indicated resources to almost 10 million ounces and nearly tripled its reserves since 2020, with an exploration discovery cost of $34 per ounce.
The company emphasizes efficient project development, evidenced by building projects like Almas and Borborema on time and budget, and expects high returns from new projects such as Era Dourada, with a projected IRR of 35.6%.

Dec 8, 2025, 2:00 PM

Transcript

Aura Minerals Updates Growth Outlook to Over 600,000 GEO Annually

AUGO

Guidance Update

New Projects/Investments

M&A

Aura Minerals Inc. (AUGO) has updated its coming years growth outlook, projecting annualized gold equivalent production (GEO) to potentially exceed 600,000 ounces over the next years, an increase from the former projection of 450,000 GEO.
This revised outlook incorporates the recently released Feasibility Study for the Era Dorada Project and the successful acquisition of MSG, which closed on December 6, 2025.
The anticipated growth is primarily driven by the full ramp-up of Borborema, the integration and operational turnaround of MSG, and the planned construction and ramp-up of the Era Dorada and Matupá projects.
The company emphasizes that these references to potential future production levels are preliminary and not definitive projections, with official construction decisions and definitive start-up dates for Era Dorada and Matupá yet to be announced.

Dec 8, 2025, 1:51 PM

6-K

Aura Minerals Completes Feasibility Study for Era Dorada Project

AUGO

New Projects/Investments

Aura Minerals Inc. has completed the Feasibility Study for its Era Dorada Project, an underground gold mine in Guatemala, projecting average annual production of approximately 111 koz GEO for the first four years of full production.
The project's initial capital expenditure is estimated at approximately US$382 million, with a projected payback period of approximately 2.82 years after the start of operations.
The study reports an after-tax Net Present Value (NPV) of US$1,344.5 million and an after-tax Project Internal Rate of Return (IRR) of 35.6%, based on a weighted average consensus gold price of US$3,177 per ounce.
The average All-in Sustaining Cost (AISC) for the project is estimated at US$1,178/oz over its 16.8-year Life of Mine, with mining expected to begin in May 2026 and commercial production by October 2027.

Dec 8, 2025, 12:27 PM

6-K

Aura Minerals completes acquisition of Mineração Serra Grande gold mine

AUGO

M&A

New Projects/Investments

Aura Minerals Inc. has completed the acquisition of Mineração Serra Grande S.A. (MSG), owner of the Mineração Serra Grande gold mine in Goiás, Brazil, from AngloGold Ashanti plc.
The transaction included an upfront cash consideration of US$72.8 million on closing, based on an agreed Enterprise Value of US$76 million, plus deferred payments equivalent to a 3% net smelter returns participation.
According to AngloGold Ashanti, the MSG mine produced 80 thousand ounces (Koz) of gold in 2024, following 86 Koz in 2023.
Aura's CEO, Rodrigo Barbosa, indicated that MSG has historically produced over 3 million ounces since 1998 and Aura plans to recover production, reduce dilution, and increase efficiency at the mine.

Dec 1, 2025, 11:59 PM

6-K

Aura Minerals Exercises Warrants in Altamira Gold Corp.

AUGO

New Projects/Investments

M&A

Aura Minerals Inc. announced on November 6, 2025, the exercise of 24,000,000 common share purchase warrants of Altamira Gold Corp. at an exercise price of CAD$0.20 per Warrant.
This transaction increased Aura's non-diluted ownership in Altamira Gold Corp. from approximately 11.3% to 18.22% of the issued and outstanding shares.
Following the exercise, Aura now holds 54,000,000 Shares and 3,000,000 Warrants in Altamira Gold Corp., stating the acquisition was for investment purposes due to Altamira's exploration potential.