Business UpdateMay 26, 2026, 05:02 PM
Aura Minerals Targets >600k GEO Production; Q1 LTM EBITDA $710M
AI Summary
Aura Minerals Inc. presented a business update highlighting its strong performance and ambitious growth plans. The company aims to increase gold equivalent ounce (GEO) production from 280k GEO in 2025 to over 600k GEO, fully funded by cash generation and balance sheet capacity. For Q1 2026 LTM, Aura reported an Adjusted EBITDA of US$710 million and returned US$379 million to shareholders in dividends and buybacks since 2021. The company emphasizes its high-quality portfolio, strong balance sheet, and a culture focused on ESG standards and operational excellence.
Key Highlights
- Aura Minerals targets over 600k GEO production, up from 280k GEO in 2025.
- Q1 2026 LTM Adjusted EBITDA reached US$710 million.
- Returned US$379 million to shareholders in dividends and buybacks since 2021.
- Borborema project has an IRR of 73% at US$3,607/oz gold.
- Era Dorada project has an IRR of 36% at US$3,177/oz gold.
- Mineral reserves and resources increased 3x over the last five years.
- Operates 6 mines, with 1 project in construction and 1 in development.
- 2026 production guidance is 340k - 390k GEO.
Price Impact
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