Aura Announces Q2 2025 and H1 2025 Financial and Operational Results

Core Insights - Aura Minerals Inc. reported record-high Adjusted EBITDA of US$106 million in Q2 2025, driven by increased production and higher gold prices [2][3] - The company achieved significant milestones, including the publication of the Preliminary Economic Assessment for the Era Dorada project and the signing of a purchase agreement for the MSG mine [2][5] - Aura approved a quarterly dividend payment, yielding a 7.4% return to shareholders over the last twelve months [2] Financial Performance - Total production in Q2 2025 reached 64,033 gold equivalent ounces (GEO), a 7% increase from Q1 2025 and consistent with Q2 2024 [3][14] - Net revenue for Q2 2025 was US$190.4 million, an 18% increase from Q1 2025 and a 42% increase year-over-year [3][19] - Gross profit for Q2 2025 was US$103.9 million, with a gross margin of 55%, compared to 48% in Q1 2025 [3][22] Cost Metrics - Cash cost per GEO in Q2 2025 was US$1,146, slightly up from US$1,149 in Q1 2025, and a 6% increase from Q2 2024 [20][21] - All-in sustaining cost (AISC) for Q2 2025 was US$1,449 per GEO, a 1% decrease from Q1 2025 and a 9% increase year-over-year [20][21] Operational Highlights - The Borborema project commenced operations, producing 2,577 GEO in Q2 2025, and is expected to declare commercial production by the end of Q3 2025 [6][14] - The MSG acquisition is expected to close by Q3 2025, enhancing Aura's operational footprint in Brazil [9] Market Dynamics - Average realized gold prices increased to US$3,185 per ounce in Q2 2025, a 44% increase compared to Q2 2024 [19] - Average copper prices also saw a 5% increase, reaching US$4.46 per pound in Q2 2025 [19] Strategic Initiatives - Aura exercised options to acquire 100% ownership of the Pé Quente and Carajás projects, reinforcing its resource base [11] - The company invested in Altamira Gold Corp. through a private placement, acquiring additional shares to enhance its exploration potential [12]