AUGO

Aura Minerals operates as a mid-tier gold and copper mining company producing precious and base metals from operating mines across Latin America, emphasizing operational efficiency, production growth, and jurisdictional diversification across politically stable mining regions. Headquartered in Vancouver, Canada with executive offices in São Paulo, Brazil, Aura operates producing gold mines including Ernesto/Pau-a-Pique in Brazil's Minas Gerais state, San Andres in Honduras, Aranzazu copper-gold-silver mine in Mexico, and advancing development projects including Almas gold project in Brazil. The company reported consolidated production of approximately 240,000-260,000 gold equivalent ounces annually at all-in sustaining costs competitive with industry averages around $1,100-1,300 per ounce, generating operating margins exceeding 30-40% when gold prices trade above $1,800 per ounce. Aura's operational strategy emphasizes mine life extensions through exploration programs expanding mineral resources, brownfield expansions increasing processing throughput and production rates, and operational improvements reducing mining costs per ton improving project economics. The company's geographic diversification across Brazil, Honduras, and Mexico provides portfolio risk management mitigating country-specific political, regulatory, or economic disruptions while maintaining exposure to regions with established mining industries and supportive regulatory frameworks. Aura Minerals reported annual revenues of approximately $350-400 million with profitability highly sensitive to gold and copper price fluctuations, mining cost inflation particularly electricity and labor expenses, and foreign exchange rates affecting dollar-denominated revenues translated from local currency operating costs. Recent developments include advancing Almas project toward production start-up expected to add 100,000+ gold ounces annually to consolidated output, pursuing acquisition opportunities consolidating fragmented Latin American mining assets, and implementing ESG initiatives improving environmental performance and community engagement critical for maintaining social license to operate. The company faces risks including commodity price volatility potentially rendering marginal operations uneconomic during price downturns, permitting and regulatory challenges navigating complex approval processes for mine expansions and new projects, and geopolitical risks operating across multiple Latin American jurisdictions experiencing political transitions and evolving mining taxation policies.