
Aura Minerals Inc. (NASDAQ: AUGO) (B3: AURA33) is pleased to announce Q4 2025 preliminary production results from the Company’s six operating mines: Aranzazu, Apoena, Minosa, Almas, Borborema and MSG. Total production in Q4 2025, at current prices, reached 82,067 gold equivalent ounces1, a record high in the history of the Company, 11% higher than Q3 2025 and also 23% higher when compared to Q4 2024. At constant prices2, Aura’s quarterly production increased by 12% compared to Q3 2025 and 30% above Q4 2024. In 2025, the total production reached 280,414 GEO at current prices, 5% above 2024 at current price and 9% at constant prices. At 2025 Production Guidance Prices3, the production of 2025 was 285,380 GEO (MSG not included), ending the year achieving the upper half of the Company’s 2025 Production Guidance (266k GEO – 300k GEO).
Rodrigo Barbosa, CEO and President, commented: “We are delighted to close 2025 on a high note, delivering 82.1k GEO in Q4 at current prices — a 5% increase over Q3 and 24% above Q4 2024 — driving full-year production to 280k GEO at current prices or 290k GEO at guidance prices. This outstanding result not only surpasses the midpoint of our 2025 guidance but also underscores our robust growth trajectory, even before fully realizing the successful ramp-up at Borborema or the additional production from our recent MSG acquisition. We remain committed to three clear paths for delivering value to our shareholders: developing greenfield projects to boost production, investing in exploration to extend the life of our mines, and pursuing strategic growth through M&A. In 2025, we achieved key milestones in all, including increased production, extended mine lives, and two transformative acquisitions: Era Dorada and MSG. These accomplishments position us strongly for continued success and value creation and to achieve over 600k GEO during the years ahead.”
Q4 2025 | 2025 Highlights:
Production Results
Preliminary GEO1,2 production volume for the three months ended December 31, 2025, when compared to the previous quarter and the same period of the previous year is presented below by operating mine:
| Q4 2025 | Q4 2024 | Q3 2025 | % change vs. Q4 2024 |
% change vs. Q3 2025 |
2025 | 2024 | % change vs. 2024 |
|
| Ounces produced (GEO) | ||||||||
| Aranzazu | 18,878 | 23,379 | 21,534 | -19% | -12% | 83,149 | 97,558 | -15% |
| Minosa | 17,818 | 19,294 | 18,138 | -8% | -2% | 71,649 | 78,372 | -9% |
| Almas | 15,872 | 16,679 | 15,088 | -5% | 5% | 56,979 | 54,129 | 5% |
| Apoena | 8,961 | 7,121 | 9,248 | 26% | -3% | 35,304 | 37,173 | -5% |
| Borborema | 15,777 | – | 10,219 | n.a. | 54% | 28,573 | – | n.a. |
| MSG (December 2025 only)1 | 4,761 | n.a. | n.a. | n.a. | n.a. | 4,761 | – | n.a. |
| Total GEO produced – Current Prices | 82,067 | 66,473 | 74,227 | 23% | 11% | 280,414 | 267,232 | 5% |
| Total GEO produced – Constant Prices | 82,067 | 63,353 | 72,981 | 30% | 12% | 276,036 | 247,938 | 9% |
| Total GEO produced – Guidance Prices (excluding MSG) |
79,929 | 67,188 | 76,957 | 19% | 4% | 285,380 | 263,059 | 8% |
| Note: (1) Consider only the December 2025 production. | ||||||||
| 1 The total may not add due to rounding. | ||||||||
| 2 Applies the metal sale prices in Aranzazu realized at each relevant quarter. | ||||||||
The table below shows production by each type of metal at Aranzazu:
| Q4 2025 | Q4 2024 | Q3 2025 | % change vs. Q4 2024 |
% change vs. Q3 2025 |
2025 | 2024 | % change vs. 2024 |
|
| Gold Production (oz) | 6,158 | 6,987 | 6,707 | -12% | -8% | 26,700 | 26,578 | 0% |
| Silver Production (oz) | 126,712 | 146,187 | 141,117 | -13% | -10% | 542,046 | 539,532 | 0% |
| Copper Production (klbs) | 8,474 | 9,413 | 9,726 | -10% | -13% | 36,583 | 36,988 | -1% |
| Molybdenum Production (Klbs) | 86 | – | 105 | n.a. | -18% | 249 | – | n.a. |
| Total GEO produced – Current Prices | 18,878 | 23,379 | 21,534 | -19% | -12% | 83,149 | 97,558 | -15% |
| Total GEO produced – Constant Prices | 18,878 | 20,260 | 20,288 | -7% | -7% | 78,771 | 78,264 | 1% |
The chart below displays the consolidated quarterly GEO production measured at current and constant prices since Q1 2023, as well as the last twelve months at the end of each reporting period:

Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Farshid Ghazanfari, P.Geo., Geology and Mineral Resources Manager, an employee of Aura and a “qualified person” within the meaning of NI 43-101 and SK-1300.
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 company focused on the development and operation of gold and base metal projects in the Americas. The Company’s six operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, Borborema and MSG gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the Company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase.
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