BuybackJun 23, 2026, 06:01 AM
Aura Minerals Announces $200M Share Repurchase Program
AI Summary
Aura Minerals Inc. announced that its Board of Directors has approved repurchase programs authorizing the company to repurchase up to an aggregate US$200 million of its outstanding common shares and Brazilian Depositary Receipts. The programs will commence on June 18, 2026, and continue until June 18, 2027, with repurchases funded by existing cash. CEO Rodrigo Barbosa highlighted the program as a reinforcement of the company's commitment to delivering superior shareholder returns, capital discipline, and value creation through a balanced approach.
Key Highlights
- Board of Directors approved repurchase programs for common shares and BDRs.
- Authorized to repurchase up to an aggregate US$200 million of outstanding shares.
- Repurchase programs will run from June 18, 2026, until June 18, 2027.
- Company expects to utilize existing cash to fund repurchases.
- Aims to create value for shareholders and optimize the capital structure.
- No expected impact on shareholding control or management structure.
- 251,510,529 BDRs outstanding and 5,085,695 BDRs held in treasury.
Price Impact
More from AUGO