Key Takeaways
Aura Minerals Inc. (Nasdaq: AUGO) declared a cash dividend of US$0.78 per common share, totaling approximately US$65.42 million, following a record first quarter that saw Adjusted EBITDA reach US$244 million.
"We are pleased to announce a dividend of US$0.78 per share, totaling US$65.4 million— another record and above our Dividend Policy minimum," Rodrigo Barbosa, President & CEO, said. "These accomplishments demonstrate that we are executing our strategy: develop high-return projects to grow production above 600 koz GEO per year, expand resources and reserves, pursue disciplined M&A, and deliver meaningful dividends to shareholders."
The dividend will be paid on May 26, 2026, to shareholders of record as of the close of business on May 19, 2026. The company noted the payment exceeds the minimum distribution required under its dividend policy, which is tied to a percentage of Adjusted EBITDA less capital expenditures. Holders of the company’s Brazilian Depositary Receipts will receive US$0.26 per BDR, with payment expected around June 5, 2026.
The larger-than-policy dividend shows the company's strong operational and financial performance. Barbosa highlighted several milestones achieved during the quarter, including receiving the key license for the Era Dorada project and securing approval for a road relocation at Borborema, which increases mineral reserves. The company looks ahead to a stronger second half of the year, driven by favorable mine sequencing that reinforces its full-year guidance.
The dividend announcement underscores management's confidence in sustained cash flow from its portfolio of gold and base metal projects across the Americas. Investors will be watching for progress on the construction of the Era Dorada project and updates to the Matupá feasibility study as the next major catalysts for growth.
This article is for informational purposes only and does not constitute investment advice.
