Aura Announces Full Board Approval for the Development of the Era Dorada Project, Reinforcing Its Commitment to Dialogue, Transparency, and Responsible Mining
Rhea-AI Summary
Aura Minerals (NASDAQ: AUGO) announced full board approval to develop the Era Dorada Project, with total capital expenditures estimated at US$382.0 million and operations expected to begin in the first half of 2028. Average annual gold production is estimated at 111,000 ounces during the first four years and the project has an estimated 17-year life of mine, based on mineral reserves reported under S-K 1300. Aura authorized budget for an advanced water treatment system to supply purified potable water to local communities, will pursue required permits, and filed the Era Dorada Feasibility Study with the SEC and CVM.
Aura emphasized conversion to underground mining after extensive community dialogue and pledged local hiring, 100% water recycling in plant processes, and collaboration on urban wastewater treatment.
Positive
- Board approval granted for Era Dorada development
- US$382.0 million total capital expenditure estimate
- 111,000 oz average annual gold production (first four years)
- 17-year estimated life of mine based on S-K 1300 reserves
- Budget authorized for an advanced water treatment system supplying potable water
Negative
- None.
News Market Reaction – AUGO
In the Apr 14 session, AUGO gained 4.51%, reflecting a moderate positive market reaction. Argus tracked a peak move of +13.8% during that session. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 10 | Production update | Positive | +3.3% | Record Q1 2026 production of 82,137 GEO, 37% above Q1 2025. |
| Apr 01 | Reserves/resources update | Positive | +7.1% | Proven & Probable reserves increased to 7,223k GEO with strong drilling. |
| Mar 25 | Sector-focused article | Positive | +7.6% | Sector piece highlighting scalable gold assets and including Aura Minerals. |
| Mar 03 | Credit rating upgrade | Positive | +2.4% | S&P upgraded Aura’s ratings on global and Brazilian scales to stable. |
| Feb 26 | Dividend announcement | Positive | -5.9% | Declared US$0.66 per share dividend with 6.2% LTM yield; shares fell. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company-specific news has typically seen positive price alignment, with only the strong dividend announcement showing a negative divergence.
In the last few months, Aura has reported several positive milestones. A Q1 2026 production update highlighted record output and aligned with guidance. An updated mineral reserve/resource report for year-end 2025 showed significant growth driven by acquisitions and drilling, and drew a strong positive reaction. S&P’s credit rating upgrade in March 2026 also coincided with a gain. Only the US$0.66 per-share dividend tied to Q4 2025 results saw a negative 24-hour move, diverging from the otherwise positive pattern. Today’s project approval fits into this expansionary narrative.
Key Terms
s-k 1300 regulatory
ni 43-101 regulatory
feasibility study technical
potable water technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROAD TOWN, British Virgin Islands, April 13, 2026 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (NASDAQ: AUGO, B3: AURA33) (“Aura” or the “Company”) is pleased to announce that its Board of Directors (the “Board”) has approved the development of the Era Dorada Project (“Era Dorada” or the “Project”), marking another significant milestone in the Project’s advancement. In addition to the core project approval, Aura has secured budget authorization for an advanced water treatment system, with plans to pursue all necessary government permits and approvals. This will enable the delivery of purified, potable water to the local community, further demonstrating Aura’s steadfast dedication to environmental stewardship, sustainable social impact, and responsible mining practices.
Total capital expenditures for the Era Dorada Project are estimated at US
Rodrigo Barbosa, Aura’s President and CEO commented, “After more than a year and over 1,000 hours of dialogue with local communities, authorities, and federal regulators, we converted the project to underground mining and approved additional investments. This ensures we not only do no harm but go beyond and create positive value for the communities and environment. Water quality is a key local concern, so Aura has approved a three-part plan: (i) Invest in engineering, infrastructure, and equipment to build and operate a plant that purifies local water to drinking quality, supplying it to communities through partnerships with authorities; (ii) Recycle and reuse
Qualified Persons
The scientific and technical information contained in this press release has been reviewed and approved by Farshid Ghazanfari, P.Geo., Geology and Mineral Resources Manager, an employee of Aura and a “qualified person” within the meaning of S-K 1300 and NI 43-101.
About Aura 360° Mining
Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.
Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The Company's six operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, Borborema and MSG gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the Company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase.
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable securities laws (collectively, “forward-looking statements”) which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
Known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Report on Form 20-F filed with the SEC for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The press release includes forward-looking statements relating, but not limited to, the following: our plans and goals with respect to the Era Dorada project.
The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
For further information, please visit Aura’s website at www.auraminerals.com or contact: Investor Relations ri@auraminerals.com www.auraminerals.com