ROAD TOWN, British Virgin Islands – Aura Minerals Inc., trading on NASDAQ as AUGO and B3 as AURA33, has released its preliminary production figures for the first quarter of 2026, showcasing another record-breaking performance. The company reported total production of 82,137 gold equivalent ounces (GEO) at current prices, marking a significant milestone that surpasses previous quarters and demonstrates robust growth in the mining sector.
Record Production and Strategic Growth
This latest achievement represents a 37% increase compared to Q1 2025, highlighting Aura's expanding operational capabilities. At constant prices, the quarterly production saw a 1% rise from Q4 2025 and a substantial 41% jump from the same period last year. The company sold 81,364 GEO during the quarter, indicating a slight uptick from the preceding three months and reinforcing its position on track with annual guidance projections.
CEO Commentary on Operational Success
Rodrigo Barbosa, CEO and President of Aura Minerals, expressed satisfaction with the results, stating, "We delivered another record production quarter in Q1 2026, reaching 82.1 thousand GEO. Despite dedicating efforts to essential underground infrastructure upgrades at MSG and lower production in Apoena and Borborema due to mine sequencing, our performance remains aligned with strategic objectives."
Barbosa further elaborated on future expectations, noting, "For the second semester, we anticipate higher production at Aranzazu, Apoena, MSG, and Borborema, while Almas and Minosa are projected to remain stable—closely in line with our annual guidance. Looking ahead, we continue advancing key projects like the Borborema expansion, Almas underground development, and early works at Era Dorada, all supporting our growth toward over 600,000 GEO annually."
Detailed Mine-by-Mine Performance Analysis
The production results across Aura's six operating mines reveal varied performances, each contributing to the overall record output:
- Aranzazu: Production reached 15,694 GEO, a 17% decrease from Q4 2025 and a 23% drop from Q1 2025, primarily due to metal price impacts on GEO conversion and lower grades of copper, silver, and gold. Sales totaled 16,218 GEO, 9% lower than last quarter, with timing of revenue recognition influencing figures.
- Minosa: Output totaled 17,399 GEO, 2% lower than Q4 2025 but consistent with Q1 2025, driven by reduced gold extraction. Sales were 17,456 GEO, 3% above the previous quarter.
- Almas: Production hit 15,838 GEO, a 21% increase from Q1 2025 and stable compared to Q4 2025, benefiting from higher ore throughput and plant expansion. Sales were 14,048 GEO, lower due to in-transit shipments.
- Apoena: Production was 7,525 GEO, down 20% from Q1 2025 and 16% from Q4 2025, attributed to lower ore throughput and recovery rates. Sales matched production at 7,525 GEO.
- Borborema: Output totaled 17,101 GEO, a 9% increase from Q4 2025, reflecting progress in ramp-up and higher milling throughput. Sales were 16,609 GEO, up 5%.
- MSG (Mineração Serra Grande): Production reached 8,580 GEO, with sales at 9,508 GEO. The quarter focused on critical underground infrastructure upgrades to support future development and higher production levels.
Comparative Production Data Overview
Aura's preliminary GEO production volume for Q1 2026, compared to previous periods, underscores the company's growth trajectory. At current prices, total GEO produced was 82,137 ounces, up from 60,087 in Q1 2025 and slightly above 82,067 in Q4 2025. Constant price figures show 82,137 GEO, compared to 58,360 in Q1 2025 and 81,645 in Q4 2025, while guidance price totals were 81,554 GEO, versus 58,021 and 81,320 respectively.
Specific data for Aranzazu reveals gold production at 5,268 ounces, silver at 102,510 ounces, and copper at 6,985 kilopounds for Q1 2026, with declines from prior quarters due to grade reductions and price effects. These results align with the company's mine sequencing plans, with expectations for increased output in later quarters of the year.
Overall, Aura Minerals' Q1 2026 performance demonstrates strong operational execution and strategic alignment, positioning the company for continued growth in the global mining industry.
