Recent news highlights Aura Minerals' strong market performance and operational developments amid favorable commodity prices.

• Aura Minerals has experienced recent price strength supported by factors discussed in market analysis, reflecting investor interest and operational progress [N5].
• Discussions in recent news focus on the company's ability to sustain EBITDA growth amid strong global gold prices, indicating operational and market dynamics [N6].
• Market commentary includes features on Aura Minerals alongside other companies with increasing cash flows, highlighting its financial performance [N7][N8].
• The company’s stock price has shown significant gains over the past year, with analysis exploring drivers behind this performance [N5].

Aura Minerals benefits from a diversified asset base with multiple operating mines and development projects, including the Matupá Gold Project with substantial mineral resources and reserves. The company has demonstrated capability in expanding production capacity and managing costs, supported by strong cash flow generation and disciplined capital expenditures. Its significant exploration portfolio offers potential for resource growth. Recent market interest and positive operational developments have contributed to price strength and investor attention. The company’s focus on sustainability and operational excellence positions it to maintain competitive advantages in the mining sector.

Aura Minerals faces risks from commodity price volatility, particularly gold and copper prices, which directly affect revenue and profitability. Currency fluctuations in countries of operation can increase costs and impact financial results. The company reported net losses in recent years, influenced by tax expenses and foreign exchange effects. Capital-intensive mine development projects carry execution risks including cost overruns and delays. Customer concentration exposes the company to counterparty risks. Regulatory and environmental compliance requirements in multiple jurisdictions add complexity and potential liabilities. These factors could constrain financial performance and operational flexibility.

Aura Minerals' moat is supported by its diversified portfolio of operating mines across multiple countries in the Americas, providing exposure to both gold and copper markets. The company’s strategic acquisitions and development of projects like Matupá enhance its resource base and production capacity. Its operational expertise in mine development, processing, and cost management, combined with a decentralized culture and focus on sustainability, contribute to operational resilience. The company's significant mineral rights holdings and ongoing exploration activities provide potential for resource replenishment and growth. However, the business is exposed to commodity price volatility, currency fluctuations, and regulatory risks inherent in the mining industry, which can impact profitability and operational continuity.

• Commodity Price Volatility: Fluctuations in gold, copper, and silver prices can materially impact revenue, profitability, and the economic viability of mining operations.
• Currency Exchange Risk: Operations in Honduras, Brazil, and Mexico expose the company to foreign exchange fluctuations that can increase costs and affect earnings.
• Operational and Development Risks: Mine construction and expansion projects involve risks of delays, cost overruns, and technical challenges that may affect production and cash flow.
• Customer Concentration: Revenue is dependent on a limited number of customers, which may pose counterparty risks and affect sales stability.
• Regulatory and Environmental Compliance: Mining operations are subject to complex regulations and environmental standards that may result in increased costs or operational restrictions.

• Aura Minerals Inc. is a gold and copper production company operating primarily in the Americas with a portfolio of six wholly-owned operating mines: Minosa (Honduras), Almas, Apoena, Borborema, and Serra Grande (Brazil), and Aranzazu (Mexico).
• The company focuses on strategic acquisitions, mine expansions, development, and efficiency improvements to enhance profitability and extend life-of-mine across assets.
• Aura Minerals operates a decentralized culture with a lean corporate team emphasizing operational sustainability and compliance.
• The Matupá Gold Project in Brazil is under development, including the X1 Deposit with measured, indicated, and inferred mineral resources classified per S-K 1300 standards.
• The Matupá project includes a processing plant with a capacity of 1.3 Mtpa, employing crushing, grinding, gravity concentration, intensive leaching, carbon-in-leach, cyanide neutralization, tailing thickening, and dry stacking for tailings disposal.
• As of December 31, 2025, the total net book value of property, plant, and equipment was approximately US$49.3 million for the Matupá project.
• Mineral Resources at Matupá's X1 Deposit include 417,280 tonnes measured and indicated at 0.61 g/t Au, containing approximately 8,160 ounces of gold, with metallurgical recovery estimated at 93.2%.
• Proven and probable mineral reserves at Matupá total about 8.5 million tonnes at 1.14 g/t Au, containing approximately 293,000 ounces of gold, based on a US$1,500/oz gold price.
• Aura Minerals has significant exploration potential with over 551,073 hectares of mineral rights, advancing multiple near-mine and regional targets including the Carajás copper project in Brazil.
• The company reported consolidated revenue of US$921.7 million for the year ended December 31, 2025, with adjusted EBITDA of US$547.8 million and adjusted EBITDA margin of 59.4%.
• Net loss for 2025 was US$79.3 million, compared to a loss of US$30.3 million in 2024 and profit of US$31.9 million in 2023, influenced by income tax expenses and foreign exchange effects.
• Cash generated by operating activities was US$305.2 million in 2025, up from US$222.2 million in 2024, supporting liquidity and capital expenditures.
• Capital expenditures in 2025 were US$179 million, primarily for construction and expansion projects including Borborema and ongoing exploration.
• Loans and debentures totaled approximately US$411.2 million as of December 31, 2025, with various financial covenants and collateral arrangements in place.
• Aura Minerals sells gold ingots primarily to four customers including Asahi Refining Inc. and Trafigura México, S.A. de C.V., which accounted for significant portions of revenue in 2025.
• The company’s operating results are sensitive to fluctuations in gold, copper, and silver prices, as well as foreign exchange rates in countries of operation.
• Recent news highlights Aura Minerals' strong price performance and market interest, with analysis discussing factors supporting recent price strength and EBITDA growth amid strong global gold prices.