Aura Minerals : Corporate Presentation - May 2025
ORA.TO
Published on 06/20/2025 at 19:17
DIVERSIFIED, GROWING GOLD AND COPPER PRODUCER
TSX: ORA | B3: AURA33 | OTCQX: ORAAF
May 2025
https://www.auraminerals.com
Well-run diversified gold and copper portfolio with a well-balanced mix of operating
and development assets
5 operating mines(1), 1 project in operational ramp-up phase, 2 projects in development and 1 exploration project
Proven track record of value creation through several sources
More than US$396 million of capex since 2022, increasing R&R by 3.2 million GEO, returning US$218 million to shareholders in dividends and buybacks since 2021 (dividend yield of 11% in Q1 25 LTM) while maintaining a low leverage (<1.0x Adjusted EBITDA)
High return and cash generation, consistently beating market growth
expectations
Adjusted EBITDA of US$295 million in Q1 25 LTM (at $2,538/oz gold prices) and FCF of US$192 million(2) (Cash Conversion(3) of 65%), alongside high returns, such as (i) Borborema IRR of 32%(4), (ii) Matupá IRR of 40%(5) and (iii) Almas NPV(6) of US$452mm with a construction capex of US$76mm
DRIVEN BY PURPOSE AND PERFORMANCE
Clear path to continue adding production ounces from several actionable growth initiatives
Since 2018, Aura has delivered 113% production growth through operational efficiencies, development and inorganic expansion while maintaining attractive exploration upside at competitive costs (Aura's AISC of US$1,320 within the 2nd quartile of the Global AISC Curve in 2024)
High performance team, Aura's best asset
Building a team and culture committed to excellence while optimizing execution and fostering innovation
Includes the Mineração Serra Grande (MSG) announced acquisition, which is subject to the fulfilment of certain conditions precedent.
Calculated as net cash generated by operating activities less additions to property, plant and equipment deducted by additions defined as expansion capex.
Cash Conversion is calculated as Net cash generated by operating activities less Adjusted Capex divided by Adjusted EBITDA.
Considering a gold price of US$2,259/oz. 3
Considering a gold price of US$1,995/oz.
Pre-tax at a 5% discount rate
A gold and copper mining company with a business building culture and focused on project development in the Americas
Structured to grow by developing and improving high-value
Aranzazu
Zacatecas, México
Era Dorada (Cerro Blanco)
Jutiapa, Guatemala
Minosa
Copan, Honduras
projects and ensuring return for its shareholders
Backed by a strong balance sheet with low leverage, broad network of banking relationships, and increasing free cash flow to support sustainable growth
Q1 25 LTM(1) Revenue Breakdown (% of Total Revenue)
Tolda Fría
Caldas, Colômbia
São Francisco
MT, Brasil
Carajás
PA, Brasil
Matupá
MT, Brasil
Borborema
RN, Brasil
Almas
TO, Brasil
By Product
Gold
By Country By Mine
Mexico
Almas
Aranzazu
Apoena
MT, Brasil
MSG(2)
GO, Brasil
67%
33%
30%
33%
37%
Brazil
23%
14%
33%
30%
Mines in Operation 4
Gold-Copper Concentrate
Honduras
Apoena
Minosa
Q1 25 LTM Production
Mine in Ramp-Up Phase 1 Projects in Development 2 Exploration Projects 1
Care & Maintenance 2
TSX:ORA | B3:AURA33 | OTCQX:ORAAF
https://www.auraminerals.com
Last Twelve Months (LTM) information is calculated by adding FY 2024 financial information plus Q1 25 financial information and subtracting Q1 24 financial information.
4
The Transaction is subject to the fulfilment of certain conditions precedent.
Since 2017, Aura has transformed under new shareholders, board, and
management, driven by a clear strategy and disciplined execution…
Assets and Projects
Generating value with high-quality assets and further development of advanced-stage projects
Balance Sheet
Low leverage (0.9x(1)), broad network of banking relationships, and increasing free cash flow to support sustainable growth
Culture
Building a team and culture to
TSX:ORAs|uBp3:pAUoRrAt3a3n| OeTvCoQlXv:iOnRgAAbF usiness
Serrote Sale
Realignment of portfolio 2017-2020 (Almas, Matupa)
Borborema
Carajás
Bluestone
Dual listed / US listing in
process
12 banks in total
Bank Loans, Bonds, Royalties, Gold Loan
Aura 360:
307 evaluations in 2024
• +63% internal promotions for senior positions
for management positions
• +30% internal promotions
Developing
Existing Projects
Advance Exploration
Re-Rating
− Almas delivered on time & on budget
− Borborema acquisition and execution on time & on budget - currently ramping up
− Matupá fully licensed
− Era Dorada fully licensed(2)
− Carajás with promising results
− Serra Grande pending closing and optimization (cost reduction and production increase)
− $72 million invested in Exploration(3) from 22-24, expanding mineral R&R at competitive costs
− Matupá now with Serrinhas, Pezao and Pe
Quente
− Carajás in Progress
− Tolda Fría in C&M
− Growth: Development of current projects (brownfield and greenfield) + Potential M&As
− Increase daily trading volume
https://www.aurcamominemralsi.tctoemd to excellence
Net Debt/Adjusted EBITDA Q1 25 LTM 5
Fully licensed for an underground project
Includes exploration expenses and exploration CapEx
Disclaimer
Aura Minerals Inc. published this content on June 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 20, 2025 at 23:16 UTC.