Mr. Rodrigo Barbosa reports
AURA DECLARES DIVIDEND OF US$0.25 PER SHARE AND US$0.0833 PER BDR BASED ON Q4 2025 RESULTS, RESULTING IN A DIVIDEND YIELD OF 9.2% IN THE LTM
Aura Minerals Inc.'s board of directors has declared and approved the payment of a dividend of 25 U.S. cents per common share (approximately $18.3-million (U.S.) in total). This payment is above the minimum foreseen in the company's dividend policy. The dividend is in respect of and is based on Aura's fourth quarter 2024 financial results ended Dec. 31, 2024. Under the dividend policy, the company will determine quarterly cash dividends in an aggregate amount equal to 20 per cent of its reported adjusted earnings before interest, taxes, depreciation and amortization for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period.
The dividend will be paid in U.S. dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025.
Holders of the company's Brazilian depositary receipts as of the record date will receive 8.33 U.S. cents per BDR (since one Aura share is equivalent to three BDRs), are expected to receive payment on or around March 28, 2025, and will receive the Brazilian real equivalent of the dividend, based on a market exchange rate to be disclosed in a future press release, in advance of its payment date.
As an example, BDR holders will receive:
- Announced dividend on Feb. 26, 2025: 8.3334 U.S. cents per BDR;
- Exchange rate, based on closing rate as of Feb. 25, 2025, for U.S. dollar to Brazilian reais: 5.7394 Brazilian reais per U.S. dollar;
- Dividends payable to company BDR holders: 0.478284 Brazilian real per BDR; this value will change according the exchange rate on the day previous to the payment day;
- Record date for dividend rights: March 6, 2025;
- Payment date: until March 28, 2025.
The dividend is not subject to withholding taxes at the time of payment by the company.
Rodrigo Barbosa, president and chief executive officer, commented: "We are pleased to announce a dividend of 25 U.S. cents per share, reflecting our commitment to delivering value to our shareholders. This payment exceeds the minimum outlined in our dividend policy. Since our re-IPO in 2020, we have consistently prioritized strong cash flows, accelerated growth and regular dividend distributions. As a result, Aura remains among the top dividend-yielding companies in the global gold mining sector, with combined dividend and share buyback yields of 13. per cent in 2021, 6 per cent in 2022 and 2023, and now 9.2 per cent for the last 12 months. Importantly, we achieved these returns while successfully developing the Almas mine and advancing the construction of the Borborema project while maintaining low debt leverage ratios."
About Aura Minerals Inc.
Aura is focused on mining in complete terms -- thinking holistically about how its business impacts and benefits every one of its stakeholders: the company, its shareholders, its employees, and the countries and communities it serves. It calls this 360-degree mining.
Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The company has four operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San Andres) mine in Honduras. The company's development projects include Cerro Blanco in Guatemala, and Borborema and Matupa both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights, and is currently advancing multiple near-mine and regional targets along with the Carajas (Serra da Estrela) copper project in the prolific Carajas region of Brazil.
We seek Safe Harbor.
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