Aura Minerals Closes the Acquisition of the Mineracao Serra Grande Gold Mine in Goias, Brazil ("MSG")

Executive Summary

• Aura Minerals completed its previously announced acquisition of MSG from AngloGold Ashanti, paying US$ 72.8 million cash at closing and agreeing to deferred net smelter return payments tied to MSG’s mineral resource.
• The transaction adds a gold operation in Brazil with historic production of >3 Moz (peak 193 koz in 2006) and 2024 output of 80 koz, positioning MSG as a potential cornerstone of Aura’s portfolio.
• Aura plans to implement a turnaround strategy to increase production, reduce dilution, improve efficiency, and expand resources/reserves at MSG.

Key Details

• Purchase Price: US$ 72.8 million cash paid at closing (Enterprise Value US$ 76 million, adjusted for customary items).
• Deferred Consideration: Quarterly payments equal to 3% of net smelter returns on the currently identified Mineral Resource and Reserve of MSG.
• 2024 Production (MSG): 80 koz gold (2023: 86 koz).
• Historical Resources (AngloGold report, 12/31/2024):
• Measured & Indicated: 10.75 Mt @ 3.14 g/t Au → 1.08 Moz Au
• Inferred: 12.95 Mt @ 3.39 g/t Au → 1.41 Moz Au (historical estimates, not current).
• Operations Overview: MSG comprises three mechanised underground mines, one open pit, and a dedicated metallurgical plant with 1.5 Mt annual capacity.
• Strategic Rationale: Aura intends to recover production, reduce dilution, increase efficiency, and invest in resource/reserve expansion under its “Aura 360°” culture.
• Advisers & Counsel: BofA Securities (exclusive financial adviser), Demarest Advogados (Brazilian law), Gowling WLG (UK) (English law).
• Qualified Person: Farshid Ghazanfari, P.Geo., reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“AngloGold Ashanti has built a strong reputation for developing and operating world‑class mines… Aura is ideally positioned to unlock the mine’s full potential.” – Rodrigo Barbosa, President & CEO, Aura Minerals.