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Aura Announces Credit Rating Upgrade on Global Scale to ‘BB-’ From ‘B+’ and on Brazilian National Scale to ‘brAA+’ From ‘brAA’, Both With Outlook Revised to Stable
Globenewswire· 2026-03-04 00:31
Core Viewpoint - Aura Minerals Inc. received an upgrade in its issuer credit rating from S&P Global Ratings, reflecting strong expectations for continued growth driven by high gold prices and increasing production volumes [1][2]. Group 1: Rating Upgrade - The issuer credit rating was upgraded from 'B+' to 'BB-' with a stable outlook [1]. - Aura's Brazilian National Scale rating was upgraded from 'brAA' to 'brAA+' with a revised outlook from positive to stable [1]. - The rating on the debentures issued by Aura Almas Mineração S.A. was raised from 'brAA' to 'brAA+' [1]. Group 2: Financial Performance Expectations - The upgrade is based on expectations of record-high gold prices and increasing production volumes, which will support robust EBITDA and cash flow [2]. - S&P anticipates continued production growth over the next two years, driven by project development and capacity expansions [2]. - The agency expects adjusted gross debt to EBITDA to remain low, supported by favorable gold prices and higher output [2]. Group 3: Company Strategy and Projections - The company projects production of 340,000 to 390,000 gold equivalent ounces (GEO) in 2026, aiming to exceed 600,000 GEO in subsequent years [3]. - The stable outlook enhances confidence in balancing scale, profitability, and capital use while advancing projects responsibly [3]. - The company emphasizes its commitment to sustainable growth, maintaining dividends, and a solid balance sheet [3]. Group 4: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas [5]. - The company operates six assets, including gold mines in Honduras and Brazil, and a copper, gold, and silver mine in Mexico [5]. - Additional projects include gold and copper projects in Guatemala, Colombia, and Brazil, with various stages of development [5].
Aura Announces Credit Rating Upgrade on Global Scale to ‘BB-' From ‘B+' and on Brazilian National Scale to ‘brAA+' From ‘brAA', Both With Outlook Revised to Stable
Globenewswire· 2026-03-04 00:31
Core Viewpoint - Aura Minerals Inc. received an upgrade in its issuer credit rating from S&P Global Ratings, reflecting strong expectations for continued growth driven by high gold prices and increasing production volumes [1][2]. Group 1: Rating Upgrade - The issuer credit rating was upgraded from 'B+' to 'BB-' with a stable outlook [1]. - Aura's Brazilian National Scale rating was upgraded from 'brAA' to 'brAA+' with a revised outlook from positive to stable [1]. - The rating on the debentures issued by Aura Almas Mineração S.A. was raised from 'brAA' to 'brAA+' [1]. Group 2: Financial Performance Expectations - The upgrade is based on expectations of record-high gold prices and increasing production volumes, which will support robust EBITDA and cash flow [2]. - S&P anticipates continued production growth over the next two years due to project development and capacity expansions, alongside a gradual improvement in cash costs [2]. - Adjusted gross debt to EBITDA is expected to remain low, supported by favorable gold prices and higher output, despite increased capital investments and dividend distributions [2]. Group 3: Company Strategy and Projections - The President and CEO of Aura highlighted the company's consistent growth strategy and strong operating platform, projecting production of 340k-390k GEO in 2026 and aiming to exceed 600k GEO in the future [3]. - The stable outlook enhances confidence in balancing scale, profitability, and capital use while advancing projects responsibly [3]. - Aura emphasizes a holistic approach to mining, benefiting all stakeholders involved [4]. Group 4: Company Operations - Aura focuses on the development and operation of gold and base metal projects in the Americas, with six operating assets including gold mines in Honduras and Brazil, and a copper, gold, and silver mine in Mexico [5]. - The company also owns several projects in Guatemala, Colombia, and Brazil, with varying stages of development [5].
Aura Declares Dividend of US$0.66 Per Share and US$0.22 Per BDR Based on Q4 2025 Results, Resulting in a Dividend Yield of 6.2%¹ in the LTM
Globenewswire· 2026-02-26 23:41
Core Viewpoint - Aura Minerals Inc. has declared a dividend of US$0.66 per common share, totaling approximately US$55.1 million, exceeding the minimum set in its Dividend Policy [1][4]. Dividend Announcement - The dividend will be paid in US dollars on March 18, 2026, to shareholders of record as of March 11, 2026 [2]. - Holders of Brazilian Depositary Receipts (BDRs) will receive US$0.22 per BDR, with payment expected around March 26, 2026 [3]. Financial Performance - In Q4, the company achieved record-high production at stable costs, supported by higher gold prices, resulting in record EBITDA [4]. - The trailing 12-month dividend and buyback yield stands at 6.2%, positioning Aura among leading gold miners for total shareholder returns [4]. Strategic Milestones - The company declared commercial production at Borborema, completed the MSG acquisition, secured an early-works license for Era Dorada, advanced the Matupá project, and signed a road-relocation agreement at Borborema [4]. Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with six operating assets and several projects in various stages of development [6].
Aura Announces Receipt of the Construction License and Commencement of Early Works at the Era Dorada Project
Globenewswire· 2026-01-06 11:10
Core Viewpoint - Aura Minerals Inc. has received the construction license for the Era Dorada Project and has commenced early works, marking a significant milestone in the project's development [1][3]. Group 1: Project Development - The early works include environmental programs, controlled vegetal suppression, road detours, internal road access opening, mine dewatering, and preparation of platforms for equipment and temporary facilities [2]. - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km [5]. - The project site is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [6]. Group 2: Community Engagement - The company has engaged in over 853 hours of dialogue with local communities to ensure transparency and inclusion, demonstrating its commitment to responsible mining and positive community impacts [4]. Group 3: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with operating assets including mines in Honduras, Brazil, and Mexico, as well as the Era Dorada project in Guatemala [9].
Aura Minerals Closes the Acquisition of the Mineração Serra Grande Gold Mine in Goias, Brazil (“MSG”)
Globenewswire· 2025-12-01 23:27
Core Viewpoint - Aura Minerals Inc. has successfully completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti, enhancing its gold mining portfolio in Brazil [1][2]. Transaction Details - The acquisition involved an upfront cash payment of US$ 72.8 million, with an agreed Enterprise Value of US$ 76 million, subject to customary adjustments [9]. - Aura will also pay deferred consideration equivalent to a 3% net smelter returns participation over the identified Mineral Resource of MSG, payable quarterly [9]. About Mineração Serra Grande (MSG) - MSG is located in Crixás, Goiás, Brazil, and consists of three mechanized underground mines and an open pit, with a metallurgical plant that has an annual capacity of 1.5 million tons [4]. - Since 1998, MSG has produced over 3 million ounces of gold, with a peak production of 193,000 ounces in 2006 [2]. Mineral Resources and Reserves - As of December 31, 2024, AngloGold reported a total Measured and Indicated Mineral Resource of 10.75 million tons at an average grade of 3.14 g/t Au, equating to 1.08 million ounces of gold [5]. - Additionally, there is an Inferred Mineral Resource of 12.95 million tons at an average grade of 3.39 g/t Au, representing 1.41 million ounces of gold [5]. Company Strategy - Aura aims to unlock the full potential of MSG through a detailed plan focused on recovering production, reducing dilution, increasing efficiency, and investing in expanding Resources and Reserves [2]. - The company emphasizes its commitment to safety and sustainability through its Aura 360 culture [2][8]. Company Overview - Aura Minerals is engaged in the development and operation of gold and base metal projects across the Americas, with several operating assets including mines in Honduras and Brazil, as well as a copper project in Mexico [10].
Aura Declares Dividend of US$0.48 Per Share and US$0.16 Per BDR Based on Q3 2025 Results, Resulting in a Dividend Yield of 7.4% in the LTM
Globenewswire· 2025-11-04 23:30
Core Points - Aura Minerals Inc. has declared a dividend of US$0.48 per common share, totaling approximately US$40.1 million, exceeding the minimum outlined in its Dividend Policy [1][4] - The dividend will be paid on November 21, 2025, to shareholders of record as of November 17, 2025 [2] - Holders of Brazilian Depositary Receipts (BDRs) will receive US$0.16 per BDR, with payments expected around December 2, 2025 [3] Financial Performance - In Q3, the company achieved record-high production and stable costs, alongside higher gold prices, resulting in record-high EBITDA [4] - The trailing 12-month dividend and buyback yield stands at 7.4%, positioning the company among the top gold miners for dividend yield [4] Company Operations - Aura operates five assets, including gold mines in Honduras and Brazil, and a copper, gold, and silver mine in Mexico [6] - The company is advancing projects such as Borborema, Matupá, and Era Dorada towards construction decisions [4]
Aura Declares Commercial Production at Borborema
Globenewswire· 2025-09-23 11:00
Core Viewpoint - Aura Minerals Inc. has achieved commercial production at its Borborema gold mine as of September 22, 2025, with significant operational metrics indicating strong performance and potential for future growth [1][2]. Group 1: Production and Operational Metrics - The Borborema mill is operating above 80% of its design capacity, processing 4,500 tonnes per day, with gold recoveries consistently above 90%, reaching up to 92% [1][2]. - The mine has already sold more than 10,000 ounces of gold since the start of production [1]. Group 2: Project Details and Reserves - Borborema has probable mineral reserves of 812,000 ounces of gold, with indicated mineral resources estimated at approximately 1.18 million ounces of gold [2][3]. - The feasibility study completed in August 2023 anticipates production of 748,000 ounces of gold over an 11.3-year mine life, with potential for increased output [3]. Group 3: Environmental and Operational Excellence - The project utilizes 100% treated greywater for all water needs, reflecting the company's commitment to sustainability and environmental responsibility [2]. - The Borborema project was completed on time and on budget, with no Lost Time Incidents (LTI) reported during construction [2]. Group 4: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including Borborema [6]. - The company emphasizes a holistic approach to mining, termed "360° Mining," which considers the impacts on all stakeholders [5].
Aura Announces Exercise of the Underwriters' Option to Purchase Additional Shares
Globenewswire· 2025-08-06 22:00
Core Viewpoint - Aura Minerals Inc. has successfully closed the sale of 897,134 common shares at a public offering price of US$24.25 per share, aiming to enhance liquidity and diversify its shareholder base through a U.S. listing [1][2][4]. Group 1: Offering Details - The offering was part of a strategy to transfer Aura's principal listing to a U.S. stock exchange, which is expected to increase the liquidity of its common shares [2]. - The net proceeds from the offering will be utilized for various purposes, including funding the acquisition of Mineração Serra Grande S.A. and supporting strategic growth initiatives such as advancing development projects and exploration initiatives [3]. - The common shares began trading on the Nasdaq Global Select Market under the ticker symbol "AUGO" on July 16, 2025 [4]. Group 2: Underwriters and Regulatory Aspects - BofA Securities and Goldman Sachs & Co. LLC acted as Global Coordinators, while BTG Pactual and Itaú BBA served as Joint Bookrunners for the offering [4]. - The offering was conducted in compliance with U.S. regulations, and a registration statement was filed with the SEC [6]. - The offering was not made available to the public in Canada and was conducted as a private placement for accredited investors only [9]. Group 3: Company Overview - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas, with several operating assets and development projects across multiple countries [12]. - The company emphasizes a holistic approach to mining, considering the impacts on all stakeholders involved [11].
Aura Announces Launch of U.S. Public Offering
Globenewswire· 2025-07-07 21:16
Core Viewpoint - Aura Minerals Inc. is launching a public offering of common shares in the United States, aiming to raise approximately US$210 million based on recent share prices and exchange rates [2]. Group 1: Offering Details - The public offering is based on a registration statement filed with the U.S. SEC and is expected to list on the Nasdaq Global Select Market under the symbol "AUGO" [2]. - Aura plans to grant underwriters a 30-day option to purchase additional common shares at the public offering price [2]. - The offering will be conducted in the U.S. only through a prospectus, with preliminary copies available from BofA Securities [4]. Group 2: Underwriters and Management - BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, while BTG Pactual and Itaú BBA serve as Joint Bookrunners [3]. - Additional Co-Managers include Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets, and Scotiabank [3]. Group 3: Regulatory Considerations - The registration statement has been filed with the SEC but is not yet effective, meaning securities cannot be sold until it becomes effective [5]. - The offering will not be registered with the Brazilian Securities Commission, and no prospectus has been filed in Canada, limiting the offering to private placements for accredited investors [7][8]. Group 4: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including mines in Honduras, Brazil, and Mexico [10]. - The company also has several projects in various stages of development and exploration across Central and South America [10].
Aura Minerals Inc. Announces Results of 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-06-16 23:02
Group 1 - Aura Minerals Inc. held its Annual General Meeting of Shareholders on June 16, 2025, via live webcast [1] - The voting results for the election of directors showed high approval rates, with Paulo de Brito receiving 99.943% of votes in favor [3] - KPMG LLP was appointed as the auditors of the Company with 99.978% of votes in favor for their remuneration to be fixed by the board [4] Group 2 - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas [6] - The Company operates five assets: Minosa gold mine in Honduras, Almas, Apoena, and Borborema gold mines in Brazil, and Aranzazu copper, gold, and silver mine in Mexico [6] - Additional projects include Era Dorada in Guatemala, Tolda Fria in Colombia, and three projects in Brazil: Matupá (under development), São Francisco (in care and maintenance), and Carajás copper project (in exploration phase) [6]