The filing confirms strong operational momentum with record EBITDA and free cash flow, low leverage (0.16x net debt/EBITDA), and a clear path to >600k GEO production without equity dilution. Traders should watch for continued execution on the Era Dorada construction (first half 2028) and MSG turnaround, which could drive further multiple expansion given Aura's P/NAV of 0.8x vs peers at 0.9-1.7x.
Price Chart
Executive Summary
Aura Minerals filed a 6-K containing a corporate presentation highlighting strong Q1 2026 LTM results: Adjusted EBITDA of US$710 million, net revenues of US$1,142 million, and free cash flow of US$311 million. The presentation outlines a growth trajectory from 280k GEO production in 2025 to >600k GEO in sight, funded entirely by cash generation and balance-sheet capacity, with no equity required. The filing reinforces the company's operational momentum and long-term growth narrative following the prior bullish 20-F annual report.
Key Facts
- Adjusted EBITDA of US$710 million in Q1 2026 LTM (vs US$548 million in 2025 full year)
- Net revenues of US$1,142 million in Q1 2026 LTM
- Free cash flow of US$311 million in Q1 2026 LTM
- Production guidance of 340k-390k GEO for 2026, up from 280k GEO in 2025
- Net debt/Adjusted EBITDA at 0.16x, cash position of US$268 million
- Returned US$379 million to shareholders in dividends and buybacks since 2021
- Borborema IRR of 73% at US$3,607/oz; Era Dorada IRR of 36% at US$3,177/oz
- MSG acquisition (US$76M) generated US$27.4M EBITDA in first 4 months under Aura operation
Financial Impact
Q1 2026 LTM Adjusted EBITDA of US$710M, net revenues of US$1,142M, free cash flow of US$311M
Risk Factors
- Execution risk on Era Dorada construction and MSG turnaround
- Gold price volatility impacting margins and project economics
- Apoena production declined 20% YoY in Q1 2026 due to lower grades and throughput
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-003707 |
| Document: f6k_052526.htm | 0001171843-26-003707 |
| Document: 0001171843-26-003707-index-headers.html | 0001171843-26-003707 |
| Document: 0001171843-26-003707-index.html | 0001171843-26-003707 |
| Document: 0001171843-26-003707.txt | 0001171843-26-003707 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $91.26 $91.80 | ▲ +0.59% | ▲ +0.65% | $78.07 (−14.45%) |
Oct 6, 2026 20d ago | SC 13G/A | $82.02 $82.49 | ▲ +0.57% | ▲ +1.00% | $78.07 (−4.82%) |
Oct 2, 2026 24d ago | 6-K | $81.95 $85.17 | ▲ +3.93% | ▲ +3.25% | $78.07 (−4.73%) |
Oct 2, 2026 24d ago | Press Release | $81.95 $85.17 | ▲ +3.93% | ▲ +3.25% | $78.07 (−4.73%) |
Sep 18, 2026 5w ago | 6-K | $88.25 $89.15 | ▲ +1.02% | ▼ −0.53% | $78.07 (−11.54%) |
Sep 16, 2026 5w ago | 144 | $88.71 $88.25 | ▼ −0.52% | ▼ −0.40% | $78.07 (−11.99%) |
Aug 28, 2026 8w ago | 6-K | $83.58 $79.05 | ▼ −5.43% | ▼ −4.74% | $78.07 (−6.59%) |
Aug 27, 2026 8w ago | Insider Cluster | $89.12 $84.53 | ▲ +5.15% | ▲ +4.92% | $78.07 (+12.40%) |
Aug 27, 2026 8w ago | Insider Cluster | $89.12 $84.53 | ▲ +5.15% | ▲ +4.92% | $78.07 (+12.40%) |
Aug 26, 2026 8w ago | Insider Cluster | $89.12 $84.53 | ▲ +5.15% | ▲ +4.92% | $78.07 (+12.40%) |
US Market Status
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