Aura Minerals Q2 revenue edges past estimates on higher gold, copper prices

Aura Minerals

05/08/2026 22:33

Overview
British Virgin Islands gold and copper miner's Q2 revenue rose 76% yr/yr, slightly beating analyst expectations
Q2 adjusted EBITDA misses analyst expectations
Company approved US$200 mln share repurchase program in June 2026

Outlook
Aura maintains 2026 production guidance of 340k–390k GEO
Company expects 2026 AISC of US$1,720–US$1,865 per GEO, including MSG
Aura says MSG costs expected to improve as turnaround progresses, with Apoena grades to benefit H2 costs

Result Drivers
HIGHER METAL PRICES - Co said year-over-year revenue growth was mainly due to a 35% increase in average realized gold price and a 41% increase in average realized copper price
PRODUCTION GAINS FROM NEW ASSETS - Co attributed year-over-year production and revenue growth to the addition of Borborema and MSG mines and higher output at Almas
COST INCREASES AT MSG AND OTHER SITES - Co said higher cash costs and all-in sustaining costs were driven by the turnaround phase at MSG, mine sequencing at Apoena, and increased sustaining capex at Almas

Company press release: ID:nGNX56drg2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$336 mln
$333.63 mln (3 Analysts)
Q2 Adjusted EBITDA
Miss
$196.7 mln
$199.55 mln (3 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Aura Minerals Inc is $91.50, about 58.3% above its August 4 closing price of $57.79
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 5 - Canada's Gold Royalty Q2 revenue rises 76% yr/yr
Aug 4 - Mexico's Fresnillo H1 revenue jumps on higher precious metal prices; raises dividend
Aug 5 - Royal Gold Q2 revenue more than doubles on higher metal prices

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(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.)