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Aura Minerals Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
ROAD TOWN, British Virgin Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) announc
About this update from Aura Minerals Inc.
[{"type":"text","content":" ROAD TOWN, British Virgin Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) announced today that the Company’s Board of Directors (the “Board”) has declared and approved the payment of a dividend (the “Dividend”) of US$0.40 per common share (approximately US$ 30 million in total). This payment is above the minimum foreseen in the Company’s Dividend Policy (the “Dividend Policy”) and includes also a US$ 13.5 million receivable the Company collected in April 2025 related to the sale of the Serrote project to Appian Capital LLC in 2018. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA² for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period. The Dividend will be paid in US dollars on May 20, 2025, to shareholders of record as of the close of business on May 13, 2025 (“Record Date”). Holders of the Company’s Brazilian Depositary Receipts as of Record Date will receive US$ 0.1333 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around May 30, 2025, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date. As an example, BDR’s holders will receive:• Announced Dividend on May 05, 2025: USD 0.133333 per BDR• Exchange Rate, based on closing rate as of 05/02/25, for USD to Brazilian Reais (BRL): BRL 5.8866 per USD• Dividends Payable to Company BDR Holders: BRL 0.784879 per BDR. This value will change according to the exchange rate on the day previous to the payment day• Record Date for Dividend Rights: May 13, 2025• Payment Date: On or around May 30, 2025 The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, “In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned...