Aura Minerals Achieves Record Q1 2026 Production of 82,137 GEO, Up 37% Year-Over-Year
Aura Minerals Inc. announced preliminary Q1 2026 production results, reporting a new record high of 82,137 gold equivalent ounces (GEO) across its six operating mines. This represents a significant 37% increase compared to Q1 2025 at current prices, and a 41% increase at constant prices, keeping the company on track with its annual guidance. Sales for the quarter totaled 81,364 GEO, slightly up from the previous quarter. CEO Rodrigo Barbosa highlighted the record performance despite infrastructure upgrades and mine sequencing challenges at some sites, expressing expectations for higher production in the second half of 2026 from key mines. The company also reiterated its long-term growth strategy, advancing projects like the Borborema expansion and Almas underground development, aiming for over 600,000 GEO annually.
Key Highlights
- Total Q1 2026 preliminary production reached a record 82,137 gold equivalent ounces (GEO), marking a 37% increase compared to Q1 2025 (at current prices) and 41% higher at constant prices.
- Aura Minerals sold 81,364 GEO in Q1 2026, a slight increase compared to the previous quarter.
- CEO Rodrigo Barbosa stated the company delivered another record production quarter and expects higher production in the second half of 2026 from Aranzazu, Apoena, MSG, and Borborema, with Almas and Minosa remaining stable, aligning with annual guidance.
- The company is advancing several growth projects, including the Borborema expansion, Almas underground development, an updated Feasibility Study for Matupá, and early works at Era Dorada, supporting a long-term target of over 600,000 GEO annually.
- Mine-specific performance included Aranzazu production at 15,694 GEO (down 23% YoY due to metal prices and lower grades), Almas production at 15,838 GEO (up 21% YoY driven by plant expansion benefits), and Borborema production at 17,101 GEO (up 9% QoQ reflecting ramp-up progress).