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Aura Minerals Q3 revenue beats estimates on record production 

By Reuters News


Overview

  • British Virgin Islands gold and copper miner's Q3 revenue rose 56% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 climbed 56% yr/yr, driven by record production and higher prices

  • Company achieved record quarterly production, led by Borborema and MSG mines


Outlook

  • Aura expects 2026 production between 340k and 390k gold equivalent ounces (GEO)

  • Company targets more than 600k GEO annual production in the medium term

  • Aura expects mining fleet insourcing to reduce AISC by $150-$200/oz starting in 2027


Result Drivers

  • BORBOREMA PERFORMANCE - Record production at Borborema mine, driven by higher grades and increased plant feed, contributed significantly to overall output growth

  • MSG TURNAROUND - Production at MSG mine rose 85% QoQ as operational turnaround advanced, with higher grades, increased ore feed, and improved recovery rates

  • FAVORABLE METAL PRICES - Higher realized prices for gold (+24% YoY) and copper (+45% YoY) supported revenue and earnings growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$386 mln

$351.14 mln (3 Analysts)


Reuters Recommended Reads

  • Nov 5 - Canada's Lundin Gold Q3 revenue rises on record gold production, higher prices

  • Nov 5 - Canada's IAMGOLD Corp Q3 revenue up 21% on higher gold prices

  • Nov 3 - Canada's Triple Flag Q3 revenue rises, slightly misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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