Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, indicating strong economic potential for the underground mining operation with significant projected returns [1][4]. Group 1: Project Overview - The Era Dorada Project, previously known as the Cerro Blanco Project, is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and near the El Salvador border [2][5]. - The project covers an area of 15.25 km and is situated entirely within the municipality of Asunción Mita, which has a population of about 18,500 [5][7]. - The project is accessible year-round via the Pan-American Highway and features a tropical dry forest climate with elevations between 450–560 meters above sea level [6]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of approximately US$264 million, with an after-tax net present value (NPV) of US$485 million and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [4][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6][8]. Group 3: Mineral Resource Estimates - The indicated mineral resources for the Era Dorada Project are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][19]. - The resource estimate includes a measured and indicated category of 6,349 kt at an average grade of 9.31 g/t for gold and 31.54 g/t for silver, containing 1,901 koz of gold and 6,439 koz of silver [19][21]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development since its acquisition by Goldcorp in 2006 [9][12]. - Bluestone Resources acquired the project in 2017 and has since drilled approximately 267 holes for a total of 45,725 meters [10][12].

Core Viewpoint - Aura Minerals Inc. has entered into a Share Purchase Agreement with AngloGold Ashanti to acquire Mineração Serra Grande S.A., which owns the Serra Grande gold mine in Brazil, highlighting the company's strategy to enhance its portfolio and production capabilities [1][4]. Transaction Details - The transaction is expected to close by Q3 2025, and no later than Q4 2025 [3]. - Aura will pay an upfront cash consideration of US$ 76 million, subject to working capital adjustments, along with deferred payments equivalent to a 3% net smelter returns participation over the identified mineral resources [9]. - The transaction is contingent upon several conditions, including anti-trust approval from Brazilian authorities and the completion of a decommissioning process by AngloGold [9]. Mine Overview - The Serra Grande mine has produced over 3 million ounces of gold since 1998, with a peak production of 193,000 ounces in 2006, indicating its significant potential [4]. - The MSG operation includes three mechanized underground mines and an open pit, with a metallurgical plant that has an annual capacity of 1.5 million tons [5]. Mineral Resources - As of December 31, 2024, AngloGold reported total measured and indicated resources of 10.75 million tons of gold at an average grade of 3.14 g/t, equating to approximately 1.08 million ounces [6]. - Inferred mineral resources were reported at 12.95 million tons at an average grade of 3.39 g/t, amounting to about 1.4 million ounces [6]. Production Data - In 2024, the Serra Grande mine produced 80,000 ounces of gold, a decrease from 86,000 ounces in 2023 [7].

Core Viewpoint - Aura Minerals Inc. reported preliminary production results for Q1 2025, indicating a total production of 60,087 gold equivalent ounces (GEO), which is a 9% decrease from Q4 2024 and a 7% decrease compared to Q1 2024 at constant metal prices. The company remains on track to meet its 2025 guidance of 266,000 to 300,000 GEO [1][4]. Production Results - Total GEO production for Q1 2025 was 60,087 ounces, down 10% from 66,473 ounces in Q4 2024 and down 12% from 68,186 ounces in Q1 2024 [5]. - The breakdown of production by mine is as follows: - Aranzazu: 20,456 GEO, a decrease of 13% from Q4 2024 and 18% from Q1 2024 [5]. - Minosa: 17,654 GEO, an 8% decrease from Q4 2024 and the same percentage decrease from Q1 2024 [5]. - Almas: 13,101 GEO, a 21% decrease from Q4 2024 but a 10% increase from Q1 2024 [5]. - Apoena: 8,876 GEO, a 25% increase from Q4 2024 but a 27% decrease from Q1 2024 [5]. New Operations - Aura commenced operations at its fifth mine, Borborema, at the end of March 2025, which is expected to produce between 33,000 and 40,000 ounces in 2025. The project was completed on schedule and on budget with a total capital expenditure of US$188 million [2][4]. CEO Commentary - The President and CEO of Aura expressed optimism about the company's progress in 2025, highlighting the timely completion of Borborema and the alignment of Q1 production with yearly plans. The ramp-up at Borborema is expected to finish by Q3 2025, enhancing the company's resource base and cash cost efficiency [4]. Metal Production Details - At Aranzazu, gold production was 6,374 ounces, silver production was 130,899 ounces, and copper production was 8,461 thousand pounds, reflecting a decrease in all categories compared to Q4 2024 [6][9]. - The average realized prices for metals in Q1 2025 were: Copper at US$4.26 per pound, Gold at US$2,863 per ounce, and Silver at US$32.01 per ounce [9].