Aura Minerals Q3 revenue hits record $386M, up 15%
Aura signed an agreement to bring mining fleet and workforce operations at three mines in-house from January 2027, subject to closing conditions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Aura Minerals Inc. (AUGO) reported third-quarter 2026 production of 96,000 gold equivalent ounces (GEO), up 27% from Q2, and net revenue of US$386 million, up 15% quarter over quarter; both were record highs. Nine-month production was 253,000 GEO, and Aura said it was on track for 2026 guidance of 340,000–390,000 GEO. Adjusted EBITDA was US$237 million, while recurring free cash flow was US$124 million after US$34 million of gold-hedge payments.
Third-quarter AISC was US$1,953 per GEO, or US$1,673 per GEO excluding MSG. At September 30, 2026, cash and equivalents were US$418 million and net debt was US$179 million; net debt to LTM Adjusted EBITDA was 0.2x. Aura declared a US$0.72-per-share dividend and reported US$10 million in Q3 buybacks. It signed a definitive agreement to acquire the mining fleet and workforce at Apoena, Almas and Borborema, bringing operations in-house from January 2027; closing is subject to conditions precedent, including CADE clearance. The arrangement is expected to reduce AISC by US$150–200 per ounce from 2027. A US$200 million syndicated loan facility carries interest at SOFR + 2.70% per annum.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointQ3 net revenue rose 15% quarter over quarter to US$386 million.
Negative
- None.
Filing Explained
Aura's presentation reports Era Dorada at 13.1% physical progress, with US$52 million invested so far; earthmoving is complete but mill and CIL civil works continue, so the project remains under construction.
Key Figures
Key Terms
gold equivalent ounces, or GEO technical
AISC financial
Adjusted EBITDA financial
SOFR financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did AUGO produce and report in revenue in Q3 2026?
What is Aura’s 2026 production guidance?
What are the terms of Aura’s mining fleet agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 November 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 | Presentation |
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: November 6, 2026 | /s/ João Kleber Cardoso | |
| João Kleber Cardoso | ||
| Chief Financial Officer | ||
Exhibit 99.1
N o v e m b e r 2 0 2 6 Third Quarter 2026 Presentation of Financial Results November 6, 2026 Find, mine and deliver the planet's most important and essential minerals that enable the world and humankind to create, innovate, and prosper. SAVE THE DATE AURA DAY 2026 Register now to join the event Scan to register
2 Forward - Looking Information This presentation contains “forward - looking information” and “forward - looking statements”, as defined in applicable securities laws (collectively, “forward - looking statements”) including the Private Securities Litigation Reform Act of 1995 which include, but are not limited to, statements with respect to the activities, events or developments that we expect or anticipate will or may occur in the future, including our guidance and targets . Known and unknown risks, uncertainties and other factors, many of which are beyond our ability to predict or control, could cause actual results to differ materially from those contained in the forward - looking statements . Non - IFRS Financial Measures This presentation uses the following non - IFRS measures : Adjusted EBITDA ; Adjusted Net Income, cash operating costs per gold equivalent ounce sold ; AISCs ; Net Debt ; and Adjusted EBITDA Margin, which are non - GAAP financial measures . These non - GAAP measures do not have any standardized meaning within IFRS and therefore may not be comparable to similar measures presented by other companies . The Company believes that these measures provide investors with additional information which is useful in evaluating the Company’s performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS . Reconciliations are provided in the Company’s Earnings Release . Technical Information The technical information in this presentation has been approved and verified by Farshid Ghazanfari, P . Geo . , who is the Qualified Person as that term is defined under NI 43 - 101 and S - K 1300 for Aura . Readers are further cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability . All technical information relating to Aura’s properties and the Company’s mineral reserves and resources is available on SEDAR+ at www . sedarplus . ca and EDGAR on www . sec . gov . Readers are also advised to refer to the latest annual information form and technical reports of the Company as well as other continuous disclosure documents filed by the Company available at www . sedarplus . ca and www . sec . gov .
Third Quarter 2026 Results Operational Performance and Highlights
NASDAQ: AUGO | B3:AURA33 www.auraminerals.com Executive Summary – Q3 2026 Highlights 4 1. We calculate dividend yield as the announced dividend per share divided by the Nasdaq share price in U.S. dollars on the announcement date (dividend yield = dividend per share / share price at announcement date on each quarter). The buyback yield is calculated as the total value of shares repurchased in the period divided by the average market capitalization on a given year in each case using the Nasdaq share price (buyback yield = buybacks reported / average market capitalization for a given year). The dividend yield + buyback yield is the sum of the dividend yield and the buyback yield for the reporting period. • Record High Production : Q3 2026 reached 96k GEO, a 27% increase compared to Q2 2026. In 9M 2026, production was 253k GEO . Aura is on track to deliver its consolidated Guidance of 340k – 390k GEO in 2026. • Net Revenues: Q3 reached US$386 M (gold price @US$ 4,202/Oz) ; up 15% QoQ, also a new record high. • Adjusted EBITDA : Q3 US$237 M; 9M 2026 of US$677 M (gold price @ US$ 4,436/Oz). LTM at US$ 886 M • AISC Performance : Q3 AISC was US$1,953/GEO, with start of improvements at MSG. Ex - MSG AISC was US$1,673/GEO, in line with the planned mine sequencing. • Recurring Free Cash Flow: Q3 2026 US$124 M, already net of gold hedges payments (US$ 34 M), almost entirely financing expansion capex, dividends and buybacks. • Q3 2026 Net Debt of US$179 M. Net Debt/EBITDA LTM stable at 0.2x. Cash & equivalents of US$ 418 million. • Dividend of US$ 0.72/share declared. Including buybacks of US$ 10 million in Q3, LTM yield 1 of 4.0% • Additional events: o Era Dorada Project : On schedule (Earthmoving of the operational Plateau is Concluded), alongside strong environmental (process water reuse, purified water to community and future geothermal energy) and social positive outcomes ( 1 , 500 + community engagement hours, 795 + employees, ~ 25 , 000 people that will be positively impacted) . o Syndicated Loan Facility : US $ 200 M syndicated loan at SOFR + 2 . 70 % p . a . , diversifying funding sources and supporting growth projects . o Mining Fleet Insourcing : Aura signed a definitive agreement to acquire the mining fleet and workforce at Apoena, Almas and Borborema, bringing operations in - house from January 2027 . Expected AISC reduction of US $ 150 – 200 /oz from 2027 . Closing is subject to conditions precedent, including CADE clearance .
Advancing Safety Culture: consistent performance during a period of operational growth Stability of our Structures Safety of our Employees On safety, we had no lost - time incidents in the third quarter . With hours worked and exposure increasing as we grow, we have intensified leadership presence in the field, focused on teams performing critical - risk activities . These actions are guided by our SIGA corporate audit cycle, completed in August . We are also testing AGIR, our new AI - enabled platform, at Borborema . AGIR brings our safety, environmental and health data into one place . Its AI cross - references inspections, audits and incident investigations to identify patterns and map where critical deviations are concentrated . This will allow us to prioritize actions and act preventively, before incidents happen During the quarter, Aura’s tailings dams, waste dumps and heap leach pads that are currently in operation were all satisfactorily stable and comply with all current legislation. In September 2026, the Apoena, Almas, Serra Grande, and Borborema tailings dams received Declarations of Condition of Stability for their structures, emitted by independent experts in accordance with Brazilian legislation.
NASDAQ: AUGO | B3:AURA33 www.auraminerals.com Record Q3 2026 production; on track to achieve 2026 Production Guidance 6 Quarterly Production 000 GEO¹ , ² Quarterly Production by Business Unit 000 GEO¹ , ² LTM 1. Gold equivalent ounces, or GEO, is calculated by converting the production of silver, copper and molybdenum into gold using a ratio between the prices of these metals and gold . The prices used to calculate it at such proportions are based on the weighted average price of each of the metals obtained from sales at the Aranzazu Complex during the relevant periods . 2. It is a non - IFRS measure . See applicable reconciliation to IFRS in our earnings release report accompanying our financial statements filed on SEDAR+ at www . sedarplus . ca and EDGAR at www . sec . gov 3. At constant prices . “Constant Price" is a method of converting our copper, silver and molybdenum production or sales volume into GEO based on fixed metal prices . For more details access the Earnings Releases on https : //www . auraminerals . com/en/investors/results - center/ Aranzazu : + 35 % QoQ at constant prices, on higher grades from mine sequencing and more ore milled . 9 M : 61 k GEO ( - 12 % YoY), reflecting lower H 1 grades . Apoena : + 20 % QoQ . Grades rose 27 % QoQ as Phase 3 at Nosde advanced . Higher grades expected in Q 4 . 9 M : 20 k GEO ( - 24 % YoY) . Minosa : - 7 % QoQ, as plant feed was 14 % lower because of the higher leach pad stacking level, and grades were lower . 9 M : 45 k GEO ( - 16 % YoY) . Almas : - 12 % QoQ, on lower grades while extra ore was processed after the plant expansion . Higher grades expected in Q 4 . 9 M : 46 k GEO (+ 12 % YoY), with 30 % more plant feed . Borborema : Record quarter, + 60 % QoQ, driven by 42 % higher grades as planned . 9 M production reached 54 k GEO — already ~ 70 % of the top end of guidance and on track . Two additional filters are now installed and operating, debottlenecking the plant and supporting higher throughput . MSG : + 85 % QoQ, on higher grades ( 0 . 90 to 1 . 19 g/t), 28 % more plant feed and better recovery as the turnaround advances . 9 M : 29 k GEO . 64 68 66 60 64 74 82 82 75 96 266 269 267 259 259 265 280 302 313 335 Q2 Q3 2026 2026 Q2 2024 Q3 2024 Q4 Q1 2024 2025 Almas Minosa Apoena Aranzazu Borborema MSG 22 19 16 18 25 9 9 7 6 7 18 18 17 14 13 15 16 15 16 14 10 16 17 14 23 5 9 7 13 Q3 Q4 Q1 Q2 Q3 2025 2025 2026 2026 2026 Q2 Q3 Q4 Q1 2025 2025 2025 2026
NASDAQ: AUGO | B3:AURA33 www.auraminerals.com Q3 2026 AISC down QoQ; MSG improving but still weighing on consolidated AISC, with further reduction expected in Q4 7 AISC 1 US$/GEO 2 • Aranzazu : AISC $1,425/GEO, - 25% QoQ, on higher sales volumes and lower sustaining CAPEX (US$5.4M vs. US$7.3M). 9M: $1,748/GEO. • Apoena : AISC $3,554/GEO, +33% QoQ, due to higher sustaining development CAPEX at Nosde (US$7.6M vs. US$3.7M). 9M: $2,769/GEO. • Minosa : AISC $ 1 , 775 /GEO, + 15 % QoQ, on higher Cash Cost from lower production and 26 % higher CAPEX . 9 M : $ 1 , 547 /GEO . • Almas : AISC $1,722/GEO, +6% QoQ, on higher Cash Cost mainly due to mine development and sustaining capex. 9M: $1,580/GEO. • Borborema : AISC $1,261/GEO, +14% QoQ, on a higher strip ratio (2.1x to 4.6x) and higher sustaining capex (US$2.0M vs. US$0.8M). 9M: $1,216/GEO. • MSG : AISC $3,647/GEO, - 30% QoQ, mainly due to 85% higher sales. It is still high as the turnaround enters its final phases; expected to decrease in the quarters to come. 9M: $4,043/GEO. 1. This refers to All In Sustaining cash operating costs per gold equivalent ounce sold . It is a non - IFRS measure . See applicable reconciliation to IFRS in our earnings release report accompanying our financial statements filed from time to time on Sedar+ at www . sedarplus . ca and EDGAR at www . sec . gov 2. Gold equivalent ounces, or GEO, is calculated by converting the production of silver, copper and molybdenum into gold using a ratio between the prices of these metals and gold . The prices used to calculate it at such proportions are based on the weighted average price of each of the metals obtained from sales at the Aranzazu Complex during the relevant period 3. Source : Aura – Q 3 2026 Earnings Release ; industry AISC data : Metal Focus, Gold Mine Cost Service – Q 1 and Q 2 2026 editions, grouped by Company 1,292 1,372 1,461 1,449 1,396 1,521 1,829 1,985 1,953 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Guidance 2026: $1,720 - $1,865 • AISC ex - MSG: $1,673 • AISC at constant Q3 25 prices and ex MSG: $1,593 Excluding MSG (in turn - around phase), Aura’s AISC at US$ 1,673 places the company in the first quartile of the industry’s H1 2026 AISC curve 3
HONDURAS GUATEMALA Era Dorada Jutiapa ~200km Minosa Copan » The project reached 13.1% overall physical progress and is progressing according to the plan, on time and on budget. US$ 52 million invested so far » Underground Mine development is progressing, with the contractor 60% mobilized, delineation drilling underway, and mine refrigeration and underground equipment already on site » Over 795 people employed by September, 89% are Guatemalan Era Dorada Setting a New Standard for Sustainable Mining Worldwide Key Milestones Q3 2026 Construction Earthmoving of the operational plateau was completed, and civil works for the mill and CIL areas are progressing according to plan Operational Progress Implementation of the mine ventilation system Community Relationship Strong community engagement, with 9 active communities, and continuous development roundtables. Around 1500 hours of dialogue was registered to date
NASDAQ: AUGO | B3:AURA33 www.auraminerals.com MSG The turnaround is progressing: Q3 gold output up 85% QoQ » Operational mine acquired for US$76M » Safety: Zero LTI YTD » Mine development performance in critical areas is 80 – 90% higher than last year , relieving bottlenecks and laying the groundwork for 2027 production Key Milestones Q3 2026 Progress on Underground Cooling Infrastructure Upgrades to underground infrastructure and cooling cut temperatures by up to 2 Σ C in areas 1,000 meters deep, improving operational efficiency. Q4 2026 and 2027 priorities Scale the bottom - up method to new stopes and raise underground ore in plant feed through Q4, with primary development on pace for full capacity at Serra Grande in 2027. Optimize the crushing circuit to boost availability and throughput, turning higher volumes and grades into a falling AISC. Structured development program for operational and leadership levels, strengthening safety and culture to sustain the turnaround beyond 2026 . Insert photo First ore under the bottom - up method In Q 3 we began blending lower - grade stockpile with higher - grade underground ore under the new bottom - up method — the structural change driving recovery, productivity and expected to benefit 2027 production . Underground infrastructure and method transition are on plan . 17,440 - 1,116 24,402 Q1 2026 Q2 2026 Q3 2026 MSG Quarterly Adjusted EBITDA in 2026 (US$ thousand)
Third Quarter 2026 Results Financial Results
11 Adjusted EBITDA of US$237 million in Q3 2026, 13 th consecutive LTM increase. Net Debt/LTM Adjusted EBITDA of 0.2x at the end of Q3 and cash over US$ 400 million 1. This is a non - IFRS measure. See applicable reconciliation to IFRS in our earnings release report accompanying our financial statements filed from time to time on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov Consolidated Financials – Summary page Net Revenues in US$ million Adjusted EBITDA 1 in US$ million Net Income Cash and Net Debt 1 in US$ million LTM Adjusted Ebitda LTM in US$ million Net Income Cash Net Debt LTM Net Revenue Income: 121 Mostly non cash losses related to gold hedges MTM ND / LTM EBITDA 27 Q3 2026 Q1 2025 - 73 8 6 - 20 95 218 135 - 49 - 79 89 299 428 Q3 2026 - 95 Adjusted Q1 2025 Net 272 280 64 118 115 168 179 198 168 351 286 268 248 418 Q2 2025 37 Q2 2025 Q3 2025 162 189 248 322 383 336 386 624 679 772 921 1,142 1,289 1,427 81 106 152 208 244 197 237 295 344 419 546 711 802 886 69 - 44 Q3 2025 Q4 2025 Q4 2025 73 Q1 2026 Q1 2026 109 Q2 2026 Q3 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2026 97 Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 0.2 0.2 0.2 0.3 0.2 0.8 0.9
12 Adjusted EBITDA of US$237 million, driven by changes in production/sales and gold prices Adjusted EBITDA 1 to Net Income Q3 2026 US$ million • Borborema: 69.8 • Minosa: 34.5 • Almas: 41.1 • Aranzazu: 60.1 • Apoena: 14.7 • MSG: 24.4 • Corporate and projects: (7.8) (13) 3 (32) (26) (43) 3 (2) Adjusted Foreign Deferred Unrealized Net Income Provision for Income tax Other Income Financial Depreciation Adjusted net income exchange taxes gain/(loss) contingent expense Expense and EBITDA over non - on derivative liabilities Amortization monetary transactions items 237 135 121 (4) Non - cash impact • Non - cash gain related to gold hedges: US$13 • Realized losses with gold hedges: US$ (33.6) 1. This is a non - IFRS measure. See applicable reconciliation to IFRS in our earnings release report accompanying our financial statements filed from time to time on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov
Strong cashflow from operations, invested for growth and distributed to investors via dividends and buybacks Note: Adjusted Capex includes Sustaining Capex and Exploration Capex for the mines in production. Change in Cash and Equivalents – Q3 2026 (Managerial view) US$ million Investment for growth (63) Expansion CAPEX (2) 310 Subtotal (3) Interest Paid (net of swap derivatives) 182 Proceeds from Debt / Repayments Dividends and share repurchase Cash and Equivalents, June 30, 2026 (0) FX on cash & equivalents and others 418 Cash and Equivalents, September 30, 2026 (71) 237 Adjusted EBITDA 1 3 Exploration Expens e (40) Adjusted CAPEX 1 (20) (18) Changes in WC and others Income Taxes paid (6) Lease Payments (34) Realized losses w/ gold hedges 372 Subtotal (3) Other Exploration Expenses (2) Exploration CAPEX on Projects 248 372 310 418 (55) +124 + 158 1. This is a non - IFRS measure. See applicable reconciliation to IFRS in our earnings release report accompanying our financial statements filed from time to time on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov
Contact: Investor Relations natasha.utescher@auraminerals.com ri@auraminerals.com www.auraminerals.com SAVE THE DATE AURA DAY 2026 Register now to join the event Scan to register