Aura Minerals (AUGO) Registration filing summary

Company overview and business model

• Operates an open-pit, heap leach gold mine in Copán, Honduras, producing since 1983, wholly owned by a subsidiary.

• Holds the San Andrés I mining concession (355 ha, valid to 2051) and two exploration concessions (1,858 ha, valid to 2030), with additional applications pending.

• Employs conventional open-pit mining, selective ore extraction, and heap leach processing; all mining is contractor-operated.

• Community engagement and social investment programs are integral to operations.

Financial performance and metrics

• 2024 production: 78,372 oz gold, 9,644 oz silver; LOM (2025–2029) forecast: 291,847 oz gold recovered.

• LOM after-tax NPV (5%): US$203.5M; cumulative after-tax cash flow: US$226M.

• LOM average AISC: US$1,380/oz; average operating cost: US$11.81/t processed.

• LOM sustaining capital: US$7.3M; closure/reclamation: US$31.4M.

Risk factors and disclosures

• Mineral Reserves and Resources exclude sulphide material due to uneconomic recovery by heap leach.

• 5% NSR royalty and 25% corporate income tax apply; total taxes and royalties: US$113.7M LOM.

• Environmental permits are current; additional HLP expansion permitting may be required.

• Community relations and land access are managed through agreements; no outstanding legal disputes.