Aura Minerals more than doubles reserves and strengthens growth platform across the Americas

The miner increased its proven and probable reserves to 7.22 million gold equivalent ounces in 2025, driven by exploration success, acquisitions and organic growth across its assets in the Americas.

Aura Minerals said its reserve base more than doubled during 2025, marking a significant expansion of its asset portfolio across the Americas and reinforcing its long-term production outlook.

According to the company’s latest update, proven and probable reserves rose to 7.22 million gold equivalent ounces (GEOs), up from 3.44 million previously. The total includes six operating mines and two development assets across the region.

The miner attributed the increase to a combination of aggressive exploration drilling, updated geological interpretations, changes in economic assumptions such as commodity prices, as well as acquisitions and organic growth.

Brazilian operations were among the main contributors. The Borborema mine, which reached commercial production in September, posted a 170% increase in reserves, supported by higher gold prices, pit expansion and improved geological models outlined in a new feasibility study.

That was complemented by progress at the Almas mine, where successful drilling added underground reserves, further strengthening the asset’s potential within the company’s portfolio.

Aura Minerals also reports strong growth in mineral resources

In addition to reserve growth, Aura Minerals reported an increase in mineral resources. Measured and indicated resources rose 26% to 3.49 million gold equivalent ounces, while inferred resources climbed more than 200% to about 3.92 million GEOs.

During 2025, the company spent $21.8 million on exploration and completed more than 106,500 metres of drilling. Aura Minerals also said it maintained a low global discovery cost, in line with its growth strategy.

Another factor supporting the expanded reserve base was the addition of the Mineração Serra Grande mine, acquired from AngloGold Ashanti in June. The deal strengthened Aura’s footprint in Brazil and added to its regional production platform.

Chief executive Rodrigo Barbosa said the increase significantly strengthens the company’s production foundation for years to come, as Aura continues to scale up its operating profile.

Company targets 600,000 GEOs in annual production

Looking ahead, Aura Minerals expects its asset base to support its strategy of reaching 600,000 gold equivalent ounces of annual production. In 2025, the company produced 280,000 GEOs, making the reserve increase a key step toward underpinning that goal.

The market reacted positively to the update. Aura Minerals shares rose nearly 9% following the announcement, approaching the company’s all-time high of $90.19 per share on Nasdaq. The miner, which began trading in the United States in July, now has a market capitalization of about $7.33 billion.

With this result, Aura Minerals continues to strengthen its position as one of the region’s most dynamic mining companies, backed by exploration, organic growth and strategic acquisitions aimed at expanding production and extending asset life.