Aura Minerals Inc. (Nasdaq: AUGO) (B3: AURA33) (“Aura” or the “Company”) today announced that its issuer credit rating has been upgraded by S&P Global Ratings from ‘B+’ to ‘BB-‘, with a stable outlook. On a national scale, S&P upgraded Aura’s Brazilian National Scale rating from ‘brAA’ to ‘brAA+’ and revised the outlook from positive to stable. The rating of the bonds issued by Aura Almas Mineração SA (“Aura Almas”) was also increased from ‘brAA’ to ‘brAA+’.
The upgrade reflects expectations that record high gold prices, combined with the company’s continuously increasing production volumes, will help maintain robust EBITDA and cash flow, supporting Aura’s continued growth strategy. According to S&P, the stable outlook is based on expectations of continued production growth over the next two years, driven by project development and capacity expansions at existing operations, in addition to a gradual improvement in cash costs. The agency also expects adjusted gross debt to EBITDA to remain at low levels, supported by favorable gold prices and higher production, even amid increased capital expenditure and dividend payments. In addition, the outlook includes the expectation that the company will maintain a solid liquidity position.
Rodrigo Barbosa, President and CEO of Aura, commented: “These rating upgrades on a global and national scale reflect our consistent growth strategy and strong operating platform. In recent years, we have ramped up production and developed new projects, enabling sustainable growth while maintaining dividends and a solid balance sheet. With rising gold prices and contributions from Borborema and MSG, we forecast 340,000 to 390,000 GEO in 2026 and aim to 600,000 GEO in the coming years. Stable prospects increase our confidence in balancing scale, profitability and smart use of capital while advancing projects responsibly, generating cash flow and delivering long-term value for shareholders and communities.”
The full report is available at www.spglobal.com/ratings and Aura’s IR website.
About Aura 360° Mining
Aura is focused on mining as a whole – thinking holistically about the impact and benefits of its activities on all 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 exploitation of gold and base metal projects in the Americas. The company’s six assets include the Minosa gold mine in Honduras; Gold mines Almas, Apoena, Borborema and MSG in Brazil; and Aranzazu, a copper, gold and silver mine in Mexico. The company also 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.
For more information, please visit Aura’s website at www.auraminerals.com or contact:
Investor Relations ri@auraminerals.com
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