What does Aura Minerals do and what are its main business segments?

What is Aura Minerals's latest dividend and current dividend yield?

What were the key takeaways from Aura Minerals’s earnings call?

Did Aura Minerals beat or miss consensus estimates last quarter?

What were the key takeaways from Aura Minerals's earnings call?

What guidance did Aura Minerals's management provide for the next earnings period?

What is the market's earnings forecast for Aura Minerals next quarter?

What is Aura Minerals's gross profit margin?

- **Record Production Growth**: Q4 2025 at 82,000 oz (11% Q/Q, 23% YoY), annual 280,000 oz (9% YoY), with EBITDA doubling to $548M. 
- **Strategic Acquisitions**: MSG acquisition ($76M) generated $10M EBITDA in one month, driving 2026 guidance for 50-60,000 oz. 
- **Cost Management**: All-in sustaining costs up $262-407M in 2026, but 70%+ from MSG turnaround. 
- **Leverage & Dividends**: Low net debt/EBITDA (0.3x) supports $0.66 quarterly dividend (6.2% yield). 
- **Expansion Plans**: Borborema filter press upgrade by mid-2026, potential 4M tpa expansion contingent on water. 
- **Index Inclusion**: Likely GDX addition by Q3 2026 if volume >$200M. 
- **M&A Focus**: Latin America assets >50,000 oz/year, avoiding North America until multiple narrows. 


**【CEO Summary】
- Q4 2025 production reached 82,000 gold equivalent ounces (11% Q/Q, 23% YoY), with annual production of 280,000 ounces (9% YoY). 
- EBITDA for the quarter was $208 million, driven by higher gold prices ($4,090/oz) and cost control, resulting in $548 million annual EBITDA (100% YoY growth). 
- Acquired MSG for $76 million, generating $10 million EBITDA in one month despite high all-in sustaining costs ($3,000/oz). 
- Strategic focus on three pillars: greenfield projects (Borborema expansion), resource/reserve growth (670,000 oz added at Borborema), and M&A to boost daily trading volume ($100M/day vs. $2M previously). 
- 2026 guidance: 50-60,000 oz from MSG (turnaround year), 65-77,000 oz from Borborema, and $0.66 quarterly dividend (6.2% yield). 

**【CFO Financial Commentary】
- Q4 net loss of $20 million due to $82 million non-cash derivative losses, but adjusted net income was $73 million. 
- 2025 EBITDA doubled to $548 million, with recurring free cash flow of $94 million (after derivatives). 
- 2026 all-in sustaining cash costs expected to rise $262-407 million, driven by MSG (70-80% of increase) and higher metal prices. 
- Sustaining CapEx up $15-17 million YoY, primarily due to MSG, Almas expansion, and Borborema filter press upgrade. 
- Net debt/EBITDA ratio remained low at 0.3x, enabling dividend payments above 20% of EBITDA. 

**【Q&A Highlights】
- **Production Guidance**: Conservative 2026 guidance reflects lower cutoff grades (e.g., Borborema grades down 10% YoY). 
- **Borborema Expansion**: Filter press upgrade to expand beyond 2M tpa by mid-2026, with potential 4M tpa expansion if water permits. 
- **MSG Turnaround**: 2026 focus on underground development to achieve 80,000 oz+ at < $2,000/oz by 2027. 
- **Index Inclusion**: Likely added to GDX by Q3 2026 if daily volume > $200M. 
- **M&A Strategy**: Prioritize Latin America assets with >50,000 oz/year potential, avoiding North America until multiple narrows. 
- **Era Dorada**: Board approval expected Q1 2026, with 22-month construction timeline. 
- **Dividend Policy**: Maintain 20%+ of EBITDA minus sustaining CapEx, despite higher CapEx. 


Aura Minerals Inc (AUGO) Q4 2025 Earnings Call Transcript

- **Record Q3 Performance**: $248M revenue, 74K oz production, $152M EBITDA (45% YoY growth)
- **Dividend Strength**: $0.48/share declared (77.4% yield), $40M payout vs $30M Q2
- **Balance Sheet Health**: $350M cash, $64M net debt (0.15x LTM EBITDA)
- **Strategic Momentum**: MSG acquisition closing Q3, Borborema near full capacity, 2026 guidance 204-220K oz
- **Liquidity Expansion**: Daily trading volume $29.7M vs $1.5M pre-IPO, targeting index inclusion


**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $248 million, up 15% YoY, driven by North American market recovery and higher gold prices ($3,825/oz vs $3,287/oz Q2). 
- **Production Milestones**: Achieved 74,000 oz Q3 production (vs 64,000 oz Q2), with Borborema nearing full capacity. MSG acquisition expected to close Q3, adding 80,000 oz/y production.
- **Cost Control**: All-in sustaining cash cost reduced to $1,396/oz (vs $1,450/oz Q2), despite higher gold price impact on oz equivalency.
- **Strategic Initiatives**: 
  - $0.48/share dividend declared (77.4% yield vs 12-month average)
  - NASDAQ listing boosted daily trading volume to $29.7 million (from $1.5 million pre-IPO)
  - 2026 guidance: 204,000-220,000 oz production, <10% YoY CapEx growth

**【CFO Financial Commentary】**
- **Q3 Financials**: 
  - GAAP net income: $6 million (vs $37 million Q2), impacted by $75 million non-cash derivative loss
  - Adjusted EBITDA: $152 million (vs $108 million Q2), driven by 45% YoY production growth
  - Free cash flow: $75 million (vs $50 million Q2), after $28 million dividend payout
- **Balance Sheet**: 
  - Cash: $350 million post-IPO
  - Net debt: $64 million (0.15x LTM EBITDA)
  - 12-month EBITDA: $419 million (vs $320 million 2024)
- **Derivative Update**: Zero-cost collar marking to market reduced Q3 net income by $75 million, but preserved long-term project economics

**【Q&A Highlights】**
1. **Capital Allocation**: 
   - Prioritize MSG turnaround, Borborema expansion, and Era Dorada/Matupa feasibility
   - M&A pipeline active, but disciplined on valuation
2. **Dividend Policy**: 
   - 20%+ EBITDA payout target ($420 million+ annualized)
   - Q3 dividend: $40 million (vs $30 million Q2)
3. **Project Updates**: 
   - MSG expected to close Q3, with 12-18 months to reach 100,000 oz/y
   - Borborema road relocation progressing, potential 20%+ reserve expansion
   - Era Dorada feasibility study to be released Q4
4. **Liquidity Goals**: 
   - Target $30+ million/day trading volume to attract institutional investors
   - Evaluate index inclusion (e.g., ESG, Nasdaq 100)


Actual	0.39	0.8221	1.39
Forecast		0.9601	1.4825
Surprise	0.00%	-14.37%	-6.24%

Actual	190.44M	248.00M	321.66M
Forecast	--	236.10M	322.99M
Surprise	0.00%	+5.04%	-0.41%

AUGO

AUGO fundamentals

AUGO Q4 2025 Earnings

Earnings Call

You can ask Aime

AUGO

AUGO fundamentals

AUGO Q4 2025 Earnings

Earnings Call

AUGO Earnings Call Summary for Q4/20258:30 AM on Feb 27, 2026

AUGO Earnings Call Summary for Q3/2025Invalid Date on Nov 5, 2025

AUGO Earnings Call Summary for Q2/2025Invalid Date on Aug 6, 2025

You can ask Aime