Aura Minerals Acquires Brazilian Gold Mine for $72.8 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Should l Buy AUGO?
Source: Newsfilter
- Acquisition Transaction: Aura has completed the acquisition of Mineração Serra Grande gold mine from AngloGold Ashanti for an upfront cash payment of $72.8 million, reflecting a total transaction value of $76 million, which underscores Aura's commitment to expanding its footprint in the gold mining sector.
- Production Potential: The Mineração Serra Grande has produced over 3 million ounces of gold since 1998, peaking at 193,000 ounces in 2006, and Aura plans to unlock this potential through a detailed production recovery plan, thereby enhancing overall company output.
- Resource Expansion: According to AngloGold's report, MSG has a mineral resource of 10.75 million tons at an average grade of 3.14 g/t, and Aura aims to increase resources and reserves under the highest safety and sustainability standards, which will bolster future profitability.
- Strategic Positioning: This acquisition aligns with Aura's 360° Mining philosophy, aiming to enhance the company's market position in the Americas by holistically considering stakeholder needs and capturing long-term growth opportunities.
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Analyst Views on AUGO
Wall Street analysts forecast AUGO stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 68.930
Low
68.00
Averages
69.00
High
70.00
Current: 68.930
Low
68.00
Averages
69.00
High
70.00
About AUGO
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.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- New Investment Disclosure: Sagil Capital LLP disclosed a new position in Aura Minerals by acquiring 155,992 shares in Q4 2023, with an estimated transaction value of $7.86 million, indicating confidence in the company's future growth prospects.
- Ownership Proportion Analysis: This acquisition gives Aura Minerals a 1.79% weight in Sagil Capital's reportable U.S. equity assets, contrasting with major holdings like Barrick Mining and Petrobras, which represent 13.1% and 12.7% respectively.
- Market Performance Review: Since its Nasdaq debut in July 2022, Aura Minerals' stock has surged approximately 200%, reflecting rising gold prices and improved operational execution, thereby enhancing its competitive position in the global metals market.
- Investor Focus: Despite the 200% rally, investors must monitor Aura's production growth and balance sheet strength to ensure long-term investment sustainability, suggesting Sagil Capital's confidence in its future performance.
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- Investment Trends: Analysts forecast that mineral and metal prices will rise in 2026, primarily driven by government policies, significantly increasing investment activity and indicating a growing market interest in energy transition assets.
- Lake Victoria Gold Progress: Lake Victoria Gold has completed critical geotechnical studies at its Imwelo Project in Tanzania, supporting the consolidation of multiple isolated pits into a single continuous open pit, which is expected to enhance mining efficiency and optimize resource utilization.
- Aura Minerals Performance: Aura Minerals achieved a record production of 82,067 gold equivalent ounces in Q4 2025, a 23% increase from Q4 2024, demonstrating strong growth potential through acquisitions and new project developments.
- G Mining Ventures Outlook: G Mining Ventures projects gold production at its Tocantinzinho mine in Brazil to reach between 160,000 and 190,000 ounces in 2026, with effective cost control, reflecting the company's confidence in executing its operational and growth strategies.
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- Acquisition Announcement: Gold Royalty (GROY) has agreed to acquire a net smelter royalty on the Borborema gold mine from Dundee Corp. (DDEJF) for $45 million, consisting of $30 million in cash and over 3.57 million newly issued common shares, indicating the company's strategic focus on gold mining assets.
- Royalty Details: The acquired royalty applies to the Borborema project operated by Aura Minerals (AUGO), with a royalty rate of 1.5% on the first 1.5 million ounces of payable gold production, decreasing to 1.0% until 2 million ounces are produced, thus securing future revenue streams for the company.
- Existing Royalty: Gold Royalty already holds a 2.0% net smelter return royalty on the Borborema mine, which steps down to 0.5% after 725,000 ounces of payable gold production, and is subject to operator buyback rights after 2.25 million ounces are produced or by 2050, adding a layer of investment uncertainty.
- Production Capacity: Aura Minerals achieved commercial production at the mine in September, currently operating at 80% of design capacity and processing 4,500 metric tons per day, showcasing the project's production potential and market outlook.
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- Record Production: Aura Minerals achieved a record gold equivalent production of 82,067 ounces in Q4 2025, marking an 11% increase from Q3 2025 and a 23% increase compared to Q4 2024, showcasing the company's robust growth momentum in the mining sector.
- Full-Year Performance Exceeds Expectations: The total production for 2025 reached 280,414 GEO, exceeding 2024 by 5%, and at guidance prices, it hit 285,380 GEO, indicating strong performance in production capacity and market demand.
- Mine Performance Variability: While production at the Aranzazu mine decreased by 12% compared to Q3, Borborema's output surged by 54% quarter-over-quarter, highlighting the production fluctuations across different mines and their impact on overall performance.
- Strategic Growth Focus: The CEO emphasized a commitment to driving growth through the development of new projects, investment in exploration, and acquisitions, with expectations to exceed 600,000 GEO in production over the coming years, further enhancing shareholder value.
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- Significant Price Growth: Aura Minerals has seen its stock price increase by 37.8% over the past 12 weeks, reflecting sustained investor confidence in its potential upside, thereby enhancing market interest in the company.
- Short-Term Trend Maintenance: The stock has risen by 29.8% in the last four weeks, ensuring the continuity of its price trend, which serves as a positive signal for short-term investors.
- High Trading Position: Currently, AUGO is trading at 95.6% of its 52-week high-low range, indicating it may be on the verge of a breakout, further attracting investor interest.
- Strong Fundamentals: With a Zacks Rank of #1 (Strong Buy), AUGO ranks in the top 5% of over 4,000 stocks, showcasing robust fundamentals driven by earnings estimate revisions and EPS surprises, suggesting significant price appreciation potential ahead.
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- Project Milestone: Aura Minerals has secured the construction license for the Era Dorada Project, marking a significant milestone that is expected to propel the company's mining development in Guatemala.
- Early Works Initiation: The company has commenced early works including environmental programs, road detours, and mine dewatering, ensuring the project progresses smoothly while adhering to local environmental standards.
- Community Engagement Commitment: Aura has engaged in over 853 hours of dialogue with local communities, demonstrating its commitment to transparency and responsible mining, aimed at delivering positive impacts for surrounding communities.
- Strategic Investment Context: The project's development complements Aura's strategic acquisition of Bluestone Resources in 2025, which owns 100% of the Era Dorada Project, further solidifying the company's market position in the region.
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