Workflow
Aura Declares Dividend of US$0.25 per share and US$0.0833 per BDR based on Q4 2025 Results, resulting in a Dividend Yield of 9.2% in the LTM
ORAOrmat Technologies(ORA) GlobeNewswire·2025-02-27 02:51

Core Viewpoint - Aura Minerals Inc. has declared a dividend of US0.25percommonshare,totalingapproximatelyUS0.25 per common share, totaling approximately US18.3 million, reflecting the company's strong financial performance in Q4 2024 and commitment to shareholder value [1][4]. Dividend Announcement - The dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of March 6, 2025 [2]. - Holders of Brazilian Depositary Receipts (BDRs) will receive US$0.0833 per BDR, with payments expected around March 28, 2025 [3][8]. Financial Performance - The dividend payment exceeds the minimum outlined in the company's Dividend Policy, which stipulates that quarterly cash dividends will be 20% of reported Adjusted EBITDA minus sustaining and exploration capital expenditures [1][4]. - Aura has maintained strong cash flows and regular dividend distributions since its re-IPO in 2020, achieving combined dividend and share buyback yields of 13.5% in 2021, 6% in 2022 and 2023, and 9.2% for the last 12 months [4]. Company Overview - Aura Minerals is a mid-tier gold and copper production company with four operating mines in the Americas and several development projects, including Cerro Blanco in Guatemala and Borborema in Brazil [6]. - The company holds over 630,000 hectares of mineral rights, indicating significant exploration potential [6].