Soaring gold and copper prices boost Aura Minerals' Q1 revenue by 136%, slightly below expectations

⑴ Aura Minerals, a gold and copper miner based in the British Virgin Islands, reported a 136% year-on-year increase in first-quarter revenue to $382.6 million, slightly below the institutional survey expectation of $383.44 million. Adjusted net profit more than tripled year-on-year, with operational improvements supporting results. ⑵ The company announced a record quarterly dividend of about $65 million. Gold equivalent production in 2026 is expected to be between 340,000 and 390,000 ounces, with full-year all-in sustaining costs projected at $1,720 to $1,865 per ounce, with the main cost reductions concentrated in the second half of the year. ⑶ Performance drivers include a sharp year-on-year increase in gold and copper prices, the commissioning of the Borborema mine as well as the addition of the new MSG mining area, and increased output from the Almas and Minosa mines, all contributing to higher sales and revenue. On the cost side, integration of MSG, mine scheduling, and the appreciation of the Brazilian and Mexican currencies resulted in increases in cash and all-in sustaining costs.