Aura Minerals Inc

Description

Aura Minerals Inc is a mid-tier gold and copper producer operating six mines across Brazil, Mexico, and Honduras, including the Aranzazu underground copper-gold-silver mine in Mexico, the Almas and Borborema gold mines in Brazil, and the Minosa gold mine in Honduras. The company delivered record H1 2026 production of 157,574 gold-equivalent ounces, up 27% year-over-year, supported by the ramp-up of Borborema and the addition of the MSG asset.

Aura does not report a single consolidated technical study; instead, each operating mine carries its own reserve and mine-plan disclosure. Aranzazu, the largest contributor, holds proven and probable reserves of 810,000 gold-equivalent ounces with a 10-year mine life and average annual production of about 83,000 ounces. Full-year 2026 guidance across all operations is 340,000-390,000 GEO at a consolidated AISC of roughly US$1,650-1,985 per ounce.

Weakness

List of projects

Project 1: Aranzazu Mine — 100% interest, Zacatecas, Mexico; metals: Copper, Gold, Silver.
Project 2: Almas Mine — 100% interest, Tocantins, Brazil; metals: Gold.
Project 3: Borborema Mine — 100% interest, Rio Grande do Norte, Brazil; metals: Gold.
Project 4: Minosa (San Andres) Mine — 100% interest, Honduras; metals: Gold.
Project 5: Apoena Mine — 100% interest, Mato Grosso, Brazil; metals: Gold.
Project 6: MSG Mine — 100% interest, Brazil; metals: Gold.
Project 7: Matupá Project — 100% interest, Mato Grosso, Brazil (exploration); metals: Gold.
Project 8: Tolda Fria Project — Colombia (exploration); metals: Gold.

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