Aura Announces Preliminary Q4 2025 and 2025 Production Results; Record High Production and 2025 Guidance Achieved
Production Records and M&A Integration Propel Aura Toward Tier-One Ambitions
Aura Minerals reported preliminary production results for Q4 2025 and the full year 2025. The company achieved record quarterly production of 82,067 Gold Equivalent Ounces (GEO), representing a 5% increase over Q3 2025 and a 24% increase over Q4 2024. For the full year 2025, production totaled 285,380 GEO (using guidance prices), successfully hitting the midpoint of the 266k–300k GEO guidance range. Key contributors to this performance included the successful ramp-up of the Borborema mine and the first month of contribution from the newly acquired Mineração Serra Grande (MSG) asset, which added 4,761 GEO in December alone.
The impact is Material - Positive. Aura has demonstrated a consistent ability to execute on its "Aura 360" strategy, moving from a production base of ~235k GEO in 2023 to nearly 300k GEO in 2025. - Production Growth: The record Q4 confirms that Borborema is no longer a ramp-up risk but a core producer. - M&A Execution: The closing of the MSG acquisition from AngloGold Ashanti and the immediate contribution to December totals validates the company's "nimble turnaround" thesis. - Era Dorada Progress: The recent receipt of the construction license (Jan 2026) for the Era Dorada project in Guatemala removes a major permitting hurdle, clearing the path for the next leg of growth toward the 600k GEO target. - Financial Strength: Record production at realized gold prices near $3,400–$4,000/oz implies significant free cash flow, supporting both the high dividend yield (historically 7%+) and the $382 million implementation capex required for Era Dorada.
Aura Minerals is a multi-asset gold and copper producer focused on the Americas. - Flagship Project: Borborema (Brazil), which reached commercial production in September 2025. It is an open-pit gold mine with an 11.3-year life and expected production of ~83k oz/year. - Growth Project: Era Dorada (Guatemala), formerly Cerro Blanco. A feasibility study (Dec 2025) highlights 1.75M GEO reserves and an NPV of $1.34 billion, positioned to be the company's most significant value driver. - Operating Mines: Aranzazu (Mexico - Copper/Gold), Minosa (Honduras - Gold), Almas (Brazil - Gold), Apoena (Brazil - Gold), and MSG (Brazil - Gold).