Aura Minerals (Nasdaq: AUGO) wins S&P upgrade to BB- with stable outlook

Rhea-AI Filing Summary

Aura Minerals reported a credit rating upgrade from S&P Global Ratings. The issuer rating on the global scale was raised from ‘B+’ to ‘BB-’ with a stable outlook, while the Brazilian National Scale rating increased from ‘brAA’ to ‘brAA+’ with a stable outlook. The rating on debentures issued by Aura Almas Mineração S.A. was also upgraded from ‘brAA’ to ‘brAA+’. S&P cited record-high gold prices, rising production, robust EBITDA and cash flow, low adjusted gross debt to EBITDA, and solid liquidity as key factors. Aura’s CEO highlighted a growth strategy targeting 340k–390k GEO in 2026 and aiming to exceed 600k GEO in later years.

Positive

• S&P Global Ratings upgrade: Issuer rating raised on the global scale from ‘B+’ to ‘BB-’ and on the Brazilian National Scale from ‘brAA’ to ‘brAA+’, with both outlooks revised to stable, citing robust EBITDA, low adjusted gross debt to EBITDA, and solid liquidity.
• Improving operating profile: S&P references record-high gold prices, consistently increasing production volumes, and expectations of continued production growth and gradual cash cost improvements as key supports for Aura’s credit profile.

Negative

• None.

Insights

Credit and mining sector analyst

S&P’s upgrade signals a stronger credit profile supported by higher gold prices and rising production.

S&P Global Ratings raised Aura Minerals’ global issuer rating from ‘B+’ to ‘BB-’ and its Brazilian National Scale rating from ‘brAA’ to ‘brAA+’, both with a stable outlook. Debentures issued by Aura Almas Mineração were similarly upgraded from ‘brAA’ to ‘brAA+’.

The agency attributes these changes to record-high gold prices, consistently increasing production volumes, and expectations of robust EBITDA and cash flow. It also points to low adjusted gross debt to EBITDA, even as capital investments and dividend distributions increase, and to a solid liquidity position.

The CEO’s comments outline production targets of 340k–390k GEO in 2026 and an ambition to exceed 600k GEO in later years. Future financial performance and project execution, including Borborema and MSG contributions, will be central to maintaining the upgraded ratings and stable outlook described by S&P.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-42744

Aura Minerals Inc.
(Translation of registrant's name into English)

3390 Mary St,
Suite 116, Coconut Grove,
Florida, 33133, United States
+1 (305) 239 9332
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

EXHIBIT INDEX

Exhibit Number		Description
99.1		Aura Announces Credit Rating Upgrade on Global Scale to ‘BB-’ From ‘B+’ and on Brazilian National Scale to ‘brAA+’ From ‘brAA’, Both With Outlook Revised to Stable

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Aura Minerals Inc.
		(Registrant)
Date: March 3, 2026		/s/ João Kleber Cardoso
		João Kleber Cardoso
		Chief Financial Officer

EXHIBIT 99.1

Aura Announces Credit Rating Upgrade on Global Scale to ‘BB-’ From ‘B+’ and on Brazilian National Scale to ‘brAA+’ From ‘brAA’, Both With Outlook Revised to Stable

ROAD TOWN, British Virgin Islands, March 03, 2026 (GLOBE NEWSWIRE) --  Aura Minerals Inc. (Nasdaq: AUGO) (B3: AURA33) (“Aura” or the “Company”) announced today that its issuer credit rating was upgraded by S&P Global Ratings from ‘B+’ to ‘BB-’, with stable outlook and, on national scale, S&P upgraded Aura’s Brazilian National Scale rating from ‘brAA’ to ‘brAA+’ and revised the outlook from positive to stable. The rating on the debentures issued by Aura Almas Mineração S.A. (“Aura Almas”) were also raised from ‘brAA’ to ‘brAA+’.

The upgrade reflects expectations that record-high gold prices, combined with the Company’s consistently increasing production volumes, will contribute to maintaining robust EBITDA and cash flow, supporting Aura’s ongoing growth strategy. According to S&P, the stable outlook is based on expectations of continued production growth over the next two years, driven by project development and capacity expansions at existing operations, alongside a gradual improvement in cash costs. The agency also anticipates that adjusted gross debt to EBITDA will remain in low levels, supported by favorable gold prices and higher output, even amid increased capital investments and dividend distributions. In addition, the outlook incorporates the expectation that the Company will preserve a solid liquidity position.

Rodrigo Barbosa, President and CEO of Aura, comments, “These rating upgrades on global and national scales reflect our consistent growth strategy and strong operating platform. In recent years, we've boosted production and advanced new projects, enabling sustainable growth while maintaining dividends and a solid balance sheet. With rising gold prices and contributions from Borborema and MSG, we project 340k-390k GEO in 2026 and aim to exceed 600k GEO in the years ahead. The stable outlook boosts our confidence in balancing scale, profitability, and smart capital use, while advancing projects responsibly, generating cash flow, and delivering long-term value for shareholders and communities”

The full report is available on www.spglobal.com/ratings and Aura’s IR website.

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 Minosa gold mine in Honduras; Almas, Apoena, Borborema and MSG gold mines in Brazil; and Aranzazu, a 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.

For further information, please visit Aura’s website at www.auraminerals.com or contact:

Investor Relations
ri@auraminerals.com

FAQ

What credit rating upgrade did Aura Minerals (AUGO) receive from S&P?

Aura Minerals’ issuer credit rating was upgraded by S&P from ‘B+’ to ‘BB-’ globally, with outlook revised to stable. On the Brazilian National Scale, the rating moved from ‘brAA’ to ‘brAA+’, also with a stable outlook, signaling stronger perceived credit quality.

How did S&P change Aura Minerals’ Brazilian National Scale ratings?

S&P raised Aura Minerals’ Brazilian National Scale issuer rating from ‘brAA’ to ‘brAA+’ with a stable outlook. It also upgraded debentures issued by Aura Almas Mineração S.A. from ‘brAA’ to ‘brAA+’, reflecting improved credit strength within the Brazilian market context.

Why did S&P upgrade Aura Minerals (AUGO) credit ratings?

S&P cited record-high gold prices, consistently increasing production volumes, and expectations of robust EBITDA and cash flow. The agency also highlighted low adjusted gross debt to EBITDA, ongoing project development, capacity expansions, and a solid liquidity position as reasons for the upgrade.

What production outlook did Aura Minerals (AUGO) share for 2026 and beyond?

Aura’s CEO stated the company projects 340k–390k GEO in 2026, supported by rising gold prices and contributions from Borborema and MSG. He also indicated an ambition to exceed 600k GEO in subsequent years as part of Aura’s ongoing growth strategy.

How does Aura Minerals (AUGO) describe its growth and dividend approach?

Aura’s CEO said the company has boosted production and advanced new projects to enable sustainable growth while maintaining dividends and a solid balance sheet. He emphasized balancing scale, profitability, and capital use, aiming to generate cash flow and long-term value for shareholders and communities.

Which Aura subsidiary’s debentures were upgraded and to what level?

Debentures issued by Aura Almas Mineração S.A., a subsidiary of Aura Minerals, were upgraded by S&P from ‘brAA’ to ‘brAA+’. This aligns the debentures’ Brazilian National Scale rating with Aura’s revised issuer rating on the same scale, both carrying a stable outlook.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 4.3 KB