Aura Minerals Inc AUGO

MaterialsMetals & MiningUnited States of America

Last close 66.22 USD on Nov 1, 2026, +35.1% year to date

Quant rating

Quant rating A Rank 14 of 151 in Materials

Growth C 96 of 151
Valuation B 35 of 151
Quality A 15 of 151
Revisions B 48 of 151
Momentum B 39 of 151

Wall Street consensus Buy (2.00)Average target 104.59 USD +57.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.6B
Enterprise value: 5.8B
52-week range: 31.22 – 110.19
3-year range: 23.50 – 110.19
Dividend yield: 3.99%
Beta (5 years): –
Shares outstanding: 83.8M
Next earnings: Nov 4, 2026

About the company

Aura Minerals Inc. is a mid-tier gold and copper production company. It is focused on the development and operation of gold and base metal projects in the Americas. Its five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. It also owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupa, which is under development; Sao Francisco, which is in care and maintenance; and the Carajas copper project in the Carajas region, in the exploration phase. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion Del Oro in the State of Zacatecas, Mexico. Almas is an open-pit mining operation with ore processing through the CIL system, located in the Almas Greenstone Belt. It also owns Mineracao Serra Grande gold mine located in Crixas, in the state of Goias, Brazil.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	922	594	417	393	424	–
Revenue growth	55.1%	42.5%	6.2%	−7.4%	41.4%	25.2%
EPS (basic, normalized)	−0.96	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	58.0%	42.3%	30.2%	32.0%	44.4%	41.4%
Net margin	−8.6%	−5.1%	7.6%	14.3%	21.9%	6.0%
ROE	−32.5%	−11.3%	10.2%	19.3%	31.7%	3.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	248
Current ratio	1.06x
Long-term debt (mil)	377
Net debt (mil)	210
Total equity (mil)	456
Net debt / equity	0.46x
Net debt / EBITDA	0.38x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	922	+55.1%	6.3x	548	–	10.5x	−0.96	–	−69.0x
2026	1,552	+68.3%	3.7x	948	+73.1%	6.1x	6.98	+827.1%	9.5x
2027	1,821	+17.3%	3.2x	1,212	+27.8%	4.8x	8.65	+23.9%	7.7x
2028	2,156	+18.4%	2.7x	1,433	+18.2%	4.0x	10.01	+15.7%	6.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,552	+3.8%	−6.5%	−15.1%	6.98	+14.9%	−3.6%	−24.2%
2027	1,821	+1.0%	−8.4%	−16.1%	8.65	+5.9%	−12.6%	−23.2%
2028	2,156	+1.0%	−5.4%	−12.7%	10.01	+2.5%	−16.5%	−26.9%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	248	322	383	336
Sales mean (mil)	–	–	–	–	–	–	241	327	383	334
Surprise	–	–	–	–	–	–	+3.0%	−1.5%	−0.2%	+0.7%
EPS reported	–	–	–	–	–	–	0.07	−0.23	1.29	2.57
EPS mean	–	–	–	–	–	–	0.93	1.59	1.92	1.23
Surprise	–	–	–	–	–	–	−92.5%	−114.5%	−32.7%	+109.5%

Peer comparison Metals & Mining

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
AUGO Aura Minerals Inc	5.6B	0.38x	−8.6%	12.16x	9.5x	7.7x	6.1x	4.8x
TFPM Triple Flag Precious Metals Corp.	5.8B	0.64x	61.7%	2.53x	20.3x	20.3x	13.9x	12.5x
DSV Discovery Mining Ltd	5.7B	−1.74x	16.4%	7.78x	17.0x	13.0x	8.5x	7.4x
PRU Perseus Mining Ltd	5.4B	–	28.9%	2.36x	9.0x	5.7x	4.7x	3.3x
SSRM SSR Mining Inc.	5.3B	−2.78x	24.3%	1.61x	6.7x	6.1x	2.6x	2.3x
SSRM SSR Mining Inc.	5.3B	−2.89x	24.3%	1.61x	6.7x	6.8x	2.6x	2.4x
Mean		−1.28x	24.5%	4.68x	11.5x	9.9x	6.4x	5.4x
Median		−1.74x	24.3%	2.45x	9.3x	7.2x	5.4x	4.0x

Technical analysis

1M−14.8%
3M+21.4%
1Y+128.2%
3Y+188.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Aura Minerals Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	922	594	417	393	424	300
Cost of revenue	387	343	291	267	236	178
Gross profit	535	251	126	126	188	122
Selling, general & administrative expenses	49.8	32.4	26.9	24.6	20.9	17.9
Research & development	8.0	14.0	11.8	12.5	7.8	5.4
Depreciation/amortization	0.2	0.9	0.3	0.2	0.1	0.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	−5.5	0.3	0.5	2.0
Other operating expenses	0.5	−1.3	0	0	3.1	−0.9
Operating income	476	205	92.5	88.2	156	97.3
Net interest income (expense)	−396	−141	−45.5	−2.2	−4.7	−18.1
Gain (loss) on sale of assets	–	–	0	–	–	–
Other non-operating income (expense)	−28.9	−11.7	−8.8	−4.1	−3.3	−3.8
Net income before taxes	51.9	52.4	38.3	82.0	148	75.5
Provision for taxes	131	82.7	6.4	25.7	55.2	7.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−79.3	−30.3	31.9	56.2	92.7	68.5
Extraordinary items	–	–	0	10.2	−49.2	–
Net income	−79.3	−30.3	31.9	66.5	43.5	68.5
EBIT, normalized	476	205	87.0	88.5	156	99.4
EBITDA, normalized	563	268	136	135	195	125
Basic EPS, normalized	−0.96	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Aura Minerals Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	286	270	237	128	163	119
Receivables	57.7	35.7	60.4	54.5	42.4	35.8
Total inventory	116	57.9	46.7	43.0	56.6	46.5
Prepaid expenses	–	–	–	13.1	9.9	7.6
Other current assets	52.9	25.5	34.5	8.7	0.9	8.6
Total current assets	512	389	379	248	272	217
Property, plant & equipment	945	611	489	379	286	271
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	54.4	–	–
Note receivable	40.6	40.6	16.3	5.6	6.9	6.8
Other long-term assets	111	39.5	39.9	41.2	27.3	40.8
Total assets	1,609	1,080	924	727	592	536
Liabilities
Accounts payable	111	69.6	57.4	46.9	39.6	38.3
Payable/accrued	–	–	–	–	0	–
Accrued expenses	74.9	28.5	30.2	11.3	11.6	10.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	117	95.2	96.8	85.6	58.8	30.4
Other current liabilities	223	58.0	17.0	17.4	36.5	41.6
Total current liabilities	526	251	201	161	147	121
Long-term debt	318	372	275	168	100	43.0
Minority interest	–	–	–	–	–	–
Other liabilities	499	234	132	88.3	73.3	59.8
Total liabilities	1,343	857	609	417	320	223
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	834	599	612	612	621	618
Additional paid-in capital	57.8	55.6	55.5	55.3	55.0	55.9
Retained earnings (accumulated deficit)	−626	−431	−358	−362	−408	−366
Treasury stock	–	–	–	–	–	–
Other equity	−0.2	−0.7	5.2	4.7	4.2	4.8
Total equity	266	223	315	310	272	313
Total liabilities & shareholders' equity	1,609	1,080	924	727	592	536

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Aura Minerals Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−79.3	−30.3	31.9	56.2	43.5	68.5
Depreciation, depletion & amortization	71.0	62.7	48.5	45.4	37.8	22.8
Deferred taxes	131	82.7	6.4	25.7	57.3	8.9
Non-cash items	369	160	48.7	9.6	55.2	6.5
Changes in working capital	−186	−52.4	−10.6	−40.5	−62.6	−16.4
Cash from operations	305	222	125	96.4	131	90.4
Investing activities
Capital expenditures	−179	−181	−96.1	−103	−79.5	−52.0
Other investing cash flows	−74.5	4.2	2.2	−54.1	1.3	0.9
Cash from investing	−254	−176	−93.9	−157	−78.2	−51.1
Financing activities
Financing cash flow items	155	−51.7	7.5	−13.3	−4.2	47.8
Cash dividends paid	−116	−42.7	−28.2	−20.2	−85.6	−3.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−75.7	99.6	100	55.4	81.2	−3.5
Cash from financing	−36.8	5.2	79.4	21.9	−8.6	41.3
Foreign exchange effects	1.4	−18.1	−1.1	5.7	−0.7	−1.7
Net change in cash	15.9	32.9	109	−33.6	43.7	78.9
Free cash flow	126	41.7	28.9	−7.0	51.7	38.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.