By Brazil Stock Guide – Aura Minerals Inc. (B3: AURA33, Nasdaq: AUGO) has declared a US$0.48 per share dividend, totaling about US$40 million, after delivering record gold-equivalent production and earnings in the third quarter of 2025. The payout, above the company’s policy threshold, equals US$0.16 per BDR and will be paid on December 2, raising Aura’s 12-month shareholder yield to 7.4%, including buybacks.
Record Quarter Fueled by Gold Prices
Aura achieved record production of 74,227 gold-equivalent ounces (GEOs), up 16% from the previous quarter and 9% year-on-year, supported by stronger output at Almas and Apoena, and the commercial ramp-up of Borborema, which produced over 10,000 GEOs in its first full quarter. Net revenue jumped 30% sequentially to US$247.8 million, driven by an average realized gold price of US$3,385 per ounce — 40% higher than a year earlier — while adjusted EBITDA surged 43% to a record US$152 million. The company also trimmed its all-in sustaining cost (AISC) by 4% to US$1,396/GEO, reflecting operational gains and the contribution of Borborema’s lower-cost profile.
CEO Rodrigo Barbosa said the results reflect Aura’s “consistent growth and disciplined cost management,” noting that EBITDA over the past 12 months reached US$419 million and recurring free cash flow rose 91% quarter-on-quarter. “Our record performance and stable cost base allow us to maintain attractive dividends while advancing our growth projects,” he said.
Policy and Payment Details
Under Aura’s dividend policy, quarterly cash distributions correspond to 20% of adjusted EBITDA, net of sustaining and exploration capex. Shareholders of record on November 17 will be paid in U.S. dollars on November 21, while BDR holders will receive reais based on the prevailing exchange rate. As of November 4, Aura had 83.5 million shares outstanding.
Growth and 360° Mining Strategy
Beyond cash returns, Aura continues expanding through its “360° Mining” model, with operations in Brazil, Mexico, Honduras, and Guatemala. The company’s five active mines — Almas, Apoena, Borborema, Aranzazu, and Minosa — underpin its strategy of “bold growth, consistent shareholder rewards, and a strong balance sheet,” Barbosa said.