Aura Minerals reported record production for the third quarter of 2026, reaching 95,557 gold equivalent ounces (GEO), a 29% increase year-over-year. Net revenue surged 56% to $386.0 million, driven by significant volume expansion and higher realized metal prices, although the result was slightly below consensus estimates. The company remains on track to meet its full-year 2026 production guidance of 340,000 to 390,000 GEO.
Key Highlights
- Record total production of 95,557 GEO (+29% YoY) driven by outperformance at Borborema and the MSG turnaround.
- Net revenue reached $386.0 million (+56% YoY), benefiting from a 24% rise in realized gold prices and a 45% jump in realized copper prices.
- Borborema set a quarterly production record of 22,842 GEO, contributing 24% of the group total as it accessed higher-grade areas.
- Adjusted EBITDA for the first nine months hit $677.4 million, nearly doubling the prior year and already exceeding the total result for all of 2025.
- MSG turnaround gained significant momentum with production increasing 85% sequentially following the transition to bottom-up mining methods.