Aura Declares Dividend of US$0.25 per share and US$0.0833 per BDR based on Q4 2025 Results, resulting in a Dividend Yield of 9.2% in the LTM
February 26 2025 - 9:51PM
Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF)
(“Aura” or the “Company”) announced today that the
Company’s Board of Directors (the “Board”) has declared and
approved the payment of a dividend (the “Dividend”) of US$0.25 per
common share (approximately US$18.3 million in total). This payment
is above the minimum foreseen in the Company’s Dividend Policy (the
“Dividend Policy”). The Dividend is in respect of and is based on
Aura’s Q4 2024 financial results ended December 31, 2024. Under the
Dividend Policy, the Company will determine quarterly cash
dividends in an aggregate amount equal to 20% of its reported
Adjusted EBITDA for the relevant three months less sustaining
capital expenditures and exploration capital expenditures for the
same period.
The Dividend will be paid in US dollars on March
14, 2025, to shareholders of record as of the close of business on
March 6, 2025 (“Record Date”).
Holders of the Company’s Brazilian Depositary
Receipts as of Record Date will receive US$0.0833 per BDR (since 1
Aura share is equivalent to 3 BDRs) and are expected to receive
payment on or around March 28, 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`s holders will receive:•
Announced Dividend on February 26, 2025: USD 0.083334 per BDR•
Exchange Rate, based on closing rate as of 02/25/25, for USD to
Brazilian Reais (BRL): BRL 5.7394 per USD• Dividends Payable to
Company BDR Holders: BRL 0.478284 per BDR. This value will change
according the exchange rate on the day previous to the payment day•
Record Date for Dividend Rights: March 6, 2025• Payment Date: Until
March 28, 2025
The Dividend is not subject to withholding taxes
at the time of payment by the Company.
Rodrigo Barbosa, President & CEO commented,
"We are pleased to announce a dividend of US$0.25 per share,
reflecting our commitment to delivering value to our shareholders.
This payment exceeds the minimum outlined in our Dividend Policy.
Since our re-IPO in 2020, we have consistently prioritized strong
cash flows, accelerated growth, and regular dividend distributions.
As a result, Aura remains among the top dividend-yielding companies
in the global gold mining sector, with combined dividend and share
buyback yields of 13.5% in 2021, 6% in 2022 and 2023, and now 9.2%
for the last 12 months. Importantly, we achieved these returns
while successfully developing the Almas mine and advancing the
construction of the Borborema project while maintaining low debt
leverage ratios."
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 4 operating mines
including the Aranzazu copper-gold-silver mine in Mexico, the
Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San
Andres) mine in Honduras. The Company’s development projects
include Cerro Blanco in Guatemala, Borborema 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 or contact:
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 include, but are 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, including the expected timing of the Dividend; the further
potential of the Company’s properties; and the ability of the
Company to achieve its short and long term outlook and the
anticipated timing and results thereof.
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. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Specific reference is
made to the most recent Annual Information Form on file with
certain Canadian provincial securities regulatory authorities for a
discussion of some of the factors underlying forward-looking
statements, which include, without limitation, the ability of the
Company to achieve its short-term and longer-term outlook and the
anticipated timing and results thereof, the ability to lower costs
and increase production, the ability of the Company to successfully
achieve business objectives, 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.
Investor Relations
ri@auraminerals.com
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