Mr.
Rodrigo Barbosa reports
AURA DECLARES DIVIDEND OF US$0.40 PER SHARE AND US$0.1333 PER BDR BASED ON Q1 2025 RESULTS, RESULTING IN A DIVIDEND YIELD OF 11% IN THE LTM
Aura Minerals Inc.'s board of directors has declared and approved the payment of a dividend of 40 U.S. cents per common share (approximately $30-million (U.S.) in total). This payment is above the minimum foreseen in the company's dividend policy and includes also a $13.5-million (U.S.) receivable the company collected in April, 2025, related to the sale of the Serrote project to Appian Capital LLC in 2018. 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 May 20, 2025, to shareholders of record as of the close of business on May 13, 2025.
Holders of the company's Brazilian depositary receipts as of the record date will receive 13.33 U.S. cents per BDR (since one Aura share is equivalent to three BDRs) and are expected to receive payment on or around May 30, 2025, and will receive the Brazilian reais 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:
- A dividend on May 5, 2025: 13.3333 U.S. cents per BDR;
- Exchange rate, based on closing rate as of May 2, 2025, for U.S. dollar to Brazilian reais: 5.8866 Brazilian reais per U.S. dollar;
- Dividends payable to company BDR holders: 0.784879 Brazilian real per BDR; this value will change according to the exchange rate on the day previous to the payment day;
- Record date for dividend rights: May 13, 2025;
- Payment date: on or around May 30, 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: "In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production; (ii) investing in exploration to grow resources and reserves; and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expanded our resources and reserves, acquired and built Borborema, acquired Bluestone, and secured additional mineral rights, including Serra da Estrela. True to our commitment, we have also consistently delivered value to shareholders through dividends and share buybacks, positioning Aura among the top-yielding companies in the global gold mining sector. Our combined dividend and share buyback yields were 13.5 per cent in 2021, 6 per cent in 2022, 6 per cent in 2023, 7 per cent in 2024 and 11 per cent over the past 12 months. This quarter's $30-million (U.S.) dividend, bolstered by proceeds from the Serrote sale, underscores our dedication to shareholders and the strategic pillars established years ago."
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 five operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Apoena, Almas and Borborema gold mines in Brazil, and the Minosa mine in Honduras. The company's development projects include Cerro Blanco in Guatemala 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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