Aura Minerals Announces Repurchase Programs
Rhea-AI Summary
Aura Minerals (NASDAQ:AUGO) approved repurchase programs authorizing up to US$200 million in common shares and Brazilian Depositary Receipts (AURA33). Repurchases may occur in the open market or privately negotiated deals from June 18, 2026 until the earlier of program completion or June 18, 2027.
The company expects to use existing cash and may hold, cancel, or resell acquired BDRs. The board can adjust, suspend, or end the programs, which are not expected to alter control or management and may be executed under SEC Rules 10b-18 and 10b5-1.
AI-generated analysis. Not financial advice.
Positive
- Authorization to repurchase up to US$200 million in shares and BDRs
- Repurchases expected to be funded with existing cash resources
- Historical shareholder returns with dividend and buyback yields up to 13% in 2021
- Potential capital structure optimization and increased ownership percentage for remaining shareholders
- Program duration of up to 12 months provides flexibility on timing
Negative
- Repurchase programs are discretionary and do not obligate Aura to buy any minimum amount
- Board may expand, modify, suspend, or discontinue the repurchase programs at any time
Key Figures
Peers on Argus
AUGO was down 3.7%, while key gold peers FSM, NG, SAND and SSRM also traded lower, with only NGD higher. This broad weakness across multiple peers suggests a sector-driven move rather than stock-specific action.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 19 | Sustainability report | Neutral | +4.9% | Release of 2025 sustainability report with operational and efficiency highlights. |
| May 06 | Q1 2026 results | Neutral | -9.6% | Record Q1 2026 financial and operational metrics and guidance reiteration. |
| May 06 | Dividend declaration | Neutral | -9.6% | Q1 2026 dividend of US$0.78 per share and 4.5% LTM yield disclosure. |
| Apr 13 | CAPEX guidance update | Neutral | +4.5% | Higher 2026 CAPEX guidance including Era Dorada construction phase. |
| Apr 13 | Project approval | Neutral | +4.5% | Full board approval and capital plan for Era Dorada project development. |
Recent Aura news has produced mixed reactions, with three positive and two negative next-day moves across varied operational and strategic updates.
Regulatory & Risk Context
Short interest is at an elevated but not extreme level, suggesting some potential for volatility and short-covering dynamics around significant news or liquidity events.
Market Pulse Summary
This announcement adds a buyback authorization of up to US$200 million alongside recent dividends and growth projects. Prior news has produced varied price responses, and elevated short interest leaves sentiment shifts as a key risk to monitor.
Key Terms
brazilian depositary receipts financial
rule 10b-18 regulatory
rule 10b5-1 regulatory
securities lending agreement financial
AI-generated analysis. Not financial advice.
ROAD TOWN, British Virgin Islands, June 18, 2026 (GLOBE NEWSWIRE) -- Aura Minerals Inc. ("Aura Minerals" or the "Company") (NASDAQ: AUGO | B3: AURA33) announced that its Board of Directors has approved the repurchase programs pursuant to which the Company is authorized to repurchase its common shares and Brazilian Depositary Receipts (the “Repurchase Programs”).
Under the Repurchase Programs, Aura may repurchase up to an aggregate US
Rodrigo Barbosa CEO and President comment: “We are pleased to announce the approval of a US
The board of directors of Aura has authorized management to appoint a broker for the repurchase program to purchase the common shares on its behalf in the open market. Such purchases may benefit from the safe harbors provided by Rule 10b-18 and/or Rule 10b5-1, promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.
The actual timing, number and value of shares repurchased under the Repurchase Programs will depend on several factors, including constraints specified in the Rule 10b-18, price, general business and market conditions, and alternative investment opportunities. The Repurchase Programs do not obligate Aura to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.
Schedule G, pursuant to the terms of the Brazilian Securities Commission ("CVM") Resolution 80, of March 29, 2022, as amended. A complete description of the BDR Repurchase Program is to be disclosed in the form of the Schedule G, pursuant to the terms of the CVM Resolution 80, of March 29, 2022, as amended (“Schedule G”).
APPENDIX I: SCHEDULE G (CVM RESOLUTION NO. 77/2022)
In accordance with RCVM 77 and CVM Resolution No. 80/2022 (Schedule G), the following mandatory disclosures are provided regarding the BDR Repurchase Program:
| Item | Information | |
| 1. Purpose and Economic Effects | Acquisition of BDRs (AURA33) in circulation on B3 using available Company resources, without reduction of share capital, for treasury holding, subsequent cancellation or disposal, as appropriate. The expected economic effects are the creation of value for shareholders, optimization of the Company’s capital structure and, if the BDRs are cancelled, an increase in the percentage interest of the remaining shareholders in the Company’s capital. The BDR Repurchase Program does not aim to discontinue the Company's BDR program or cancel its registration with the CVM as a foreign issuer. | |
| 2. Quantity authorized | Total maximum US | |
| 3. BDRs outstanding and held in treasury prior to Program | 251,510,529 BDRs (AURA33) outstanding and 5,085,695 BDRs (AURA33) held in treasury as of the date hereof. | |
| 4. Transactions carried out outside organized securities markets | Not applicable, as all transactions will be conducted exclusively on B3. | |
| 5. Duration | Up to 12 (twelve) months, commencing on June 18, 2026 and expiring on June 17, 2027. | |
| 6. Approving body | Board of Directors, pursuant to Art. 4, §1 of RCVM 77. No General Shareholders' Meeting approval is required as repurchases will be conducted on organized securities markets and do not exceed the applicable thresholds. | |
| 7. Intermediary institution | BTG Pactual Corretora de Títulos e Valores Mobiliários S.A., or such other institution as may be designated by the Company. | |
| 8. Allocation of proceeds (if applicable) and Destination of repurchased BDRs | Not applicable. BDRs acquired under the BDR Repurchase Program may be held in treasury, subsequently cancelled, or disposed of. The decision will be made in due course and communicated to the market as required by applicable law. | |
| 9. Available resources | Not applicable. The Company is a foreign company registered with the CVM as a category “A” issuer, to which such provisions do not apply. | |
| 10. Related parties and Voting Agreements or arrangements | Not applicable. Repurchases will be executed on B3 and the counterparties are not known in advance. No related-party transactions are contemplated under this BDR Repurchase Program, in accordance with Art. 8, I of RCVM 77. | |
| 11. Derivative Instruments | Not applicable, as no derivative instruments will be used. | |
| 12. Impact on Control or Management Structure | The Company does not expect the repurchase programs to have any impact on the composition of its shareholding control or management structure. | |
| 13. Board comfort regarding creditors and dividends | The Company believes that the repurchases are in its best interest and constitute an appropriate use of its resources, without prejudice to the fulfillment of obligations assumed with creditors or the payment of minimum dividends. This conclusion is based on the analysis of the resources available to carry out the repurchases over the period of the programs and on the fact that the effective acquisition of all BDRs covered by the BDR Repurchase Program will depend on the availability of resources at the time of each transaction. | |
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 mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 6 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena, Almas, Borborema and MSG gold mines in Brazil, and the Minosa mine in Honduras. The Company’s development projects include Cerro Blanco in Guatemala and Matupá 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 Carajás region of Brazil.
For further information, please visit Aura’s website at www.auraminerals.com.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements", as defined in applicable Canadian securities laws (collectively, "forward-looking statements") which include, but are not limited to, the Company's intention to commence the Repurchase Programs, the Company's intention regarding a potential PP, and the timing and quantity of any purchase of Common Shares or BDRs under the Repurchase Programs. 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. These factors include, but are not limited to: the Company's view with respect to its financial condition and prospects; the stability of general economic and market conditions; the availability of cash for repurchases of outstanding Common Shares and BDRs under the Repurchase Programs; the existence of alternative uses for the Company's cash resources which may be superior to effecting repurchases under the Repurchase Programs; compliance by third parties with their contractual obligations; and compliance with applicable laws and regulations pertaining to the Repurchase Programs. Specific reference is made to the most recent annual report on Form 20-F on file with securities regulatory authorities for a discussion of some of the additional factors underlying forward-looking statements, which include, without limitation, copper and gold or certain other commodity price volatility, 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 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 contact: Investor Relations ri@auraminerals.com