📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Aura Minerals Inc., a gold and copper production company, focuses on the development and operation of gold and base metal projects in the Americas. It operates through The Minosa Mine, The Apoena Mine, the Aranzazu Mine, The Almas Mine, and The Borborema Mine and the Serra Grande Mine Projects segments. The company primarily explores gold, copper, and silver deposits. The company was formerly known as Aura Gold Inc. and changed its name to Aura Minerals Inc. in July 2007. The company was incorporated in 1946 and is headquartered in Coconut Grove, Florida.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding AUGO

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	11.5K	$941K	0.00%	Mar 2026
Jim Simons Renaissance Technologies LLC	6.2K	$505K	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used phrases like 'record high EBITDA of $106 million,' 'extraordinary quarter,' and 'new record high' to describe financial results, while providing specific figures for production (64,000 oz), AISC ($1,449), and project timelines.

Q3 2025

Confident Specific

Rodrigo Barbosa used phrases like 'record high productions', 'remarkable achievements', 'walking the talk' and gave specific numbers (74k oz, $152M EBITDA, 45% increase quarter-on-quarter). No hedging or defensive language.

Q4 2025

Confident Specific

Management used emphatic language ('super proud', 'diligently executing', 'record high production'), repeatedly cited specific metrics (EBITDA doubling from $135M to $547M, 82,000 oz quarterly production, $100M daily trading volume) and reiterated that higher costs are 'opportunities' not challenges.

Q1 2026 latest

Confident Specific

Management consistently used positive language such as 'a very solid quarter', 'record high production', 'record high EBITDA', and 'strong recurring free cash flow'. They specifically acknowledged higher-than-usual costs at MSG and mine sequencing issues but provided detailed explanations and a clear timeline for improvement in H2 2026.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call, supported by record financials, increasing production, substantial resource/reserve growth, and a clear pathway to 600,000+ ounces. Management delivered on key milestones (Era Dorada approval, Borborema road agreement, liquidity improvement). Short-term headwinds from MSG costs and mine sequencing are acknowledged as planned and temporary. The key watch items for next quarter are: (1) progress on MSG underground development and its impact on H2 production and costs; (2) announcement of Borborema expansion CapEx and timeline; (3) any M&A developments. The thesis remains intact with potential upside from operational leverage, multiple expansion, and continued dividend growth.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Aura Minerals reports record EBITDA of $244M in Q1 2026, up 3x YoY

Revenue & Profitability

Revenue reached a record $380 million in Q1 2026. Adjusted EBITDA was $244 million, another record and three times higher than Q1 2025. Net income was $95 million, with adjusted net income of $109 million after excluding non-cash items. Free cash flow from operations was $95 million, up 109% from the prior quarter. Net debt stood at $115 million, and net leverage declined to 0.16x.

Outlook

Management is bullish on gold prices, citing structural drivers: the U.S. fiscal deficit ($39 trillion debt, $2 trillion annual deficit), central bank buying (record purchases, especially by China), and geopolitical tensions that erode confidence in the dollar. They believe these factors will continue to support higher gold prices, despite short-term volatility.

Growth Drivers

Key growth levers include: 1) Ramping production to 340-390k ounces in 2026 (up from 284k in 2025) via existing operations and MSG turnaround; 2) Expanding Almas to 3 million tons per year (potential 4 million), and Borborema to 4 million tons (studies finalizing Q2/Q3); 3) Construction of Era Dorada (111k oz/year, first production in 2028); 4) Organic exploration adding reserves (total reserves doubled to 7.2 million ounces).

Balance Sheet & CapEx

In Q1 2026, growth CapEx was $26 million, mostly for expansion including early works at Era Dorada. Expansion CapEx is expected to increase through the year as Era Dorada construction advances and Almas expansion continues. The Borborema expansion (to 4 million tons) is under study; CapEx and timeline will be disclosed after board approval (expected Q2/Q3). MSG turnaround investment is within the planned $20-30 million budget.

Margins

EBITDA margin was approximately 64% in Q1 2026 (EBITDA $244M / Revenue $380M). All-in Sustaining Cash Cost (AISC) was $1,829 per ounce, above prior quarters due to the inclusion of MSG (turnaround phase) and mine sequencing. Excluding MSG, AISC would have been ~$1,500/oz. Management expects production and costs to improve in H2 2026, especially in Q3 and Q4, bringing full-year AISC within guidance.

Key Risks

Risks flagged include: MSG turnaround taking longer than expected (short-term production and cost headwinds); gold price volatility (the company paid $33 million in realized hedge losses in Q1); currency fluctuations (Brazilian real and Mexican peso appreciation could pressure costs); operational risks such as mine sequencing, strip ratios, and grade variability; a lost-time safety incident at Borborema; and the challenge of executing multiple expansions simultaneously without overstretching the team.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Q2 2026 saw lower production and revenue, but EBITDA and net income remained strong, supported by mark-to-market gains and disciplined cost control. H2 is expected to deliver higher output and improved margins, with guidance reaffirmed and major projects on track.

Q1 2026 Q1 2026 2026-05-07

Record quarterly production and revenue were achieved, driven by acquisitions and higher gold prices. Strong free cash flow and dividends were maintained, with expansion projects and reserve growth supporting a positive outlook despite higher costs from MSG integration.

Q4 2025 Q4 2025 2026-02-27

Record production and EBITDA were achieved in 2025, driven by higher gold prices, disciplined cost control, and strategic expansion. MSG acquisition and Borborema reserve growth position the company for further scale, while strong cash flow supports dividends and ongoing investments.

Q3 2025 Q3 2025 2025-11-05

Record Q3 production and EBITDA were driven by higher gold prices, stable costs, and Borborema's ramp-up. Strong cash flow and a robust balance sheet enabled high dividends and further growth investments, with MSG acquisition and greenfield projects advancing.

Q2 2025 Q2 2025 2025-08-06

Record Q2 results with $106M adjusted EBITDA and $190M revenue, driven by higher production and gold prices. Borborema ramp-up, MSG acquisition, and NASDAQ IPO mark key milestones, with guidance reaffirmed and strong dividend yield maintained.

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