Aura Minerals Inc. · NASDAQ:AUGO
Aura Minerals — Investor Presentation (November 2022)
28 slides from Aura Minerals's investor presentation, November 2022
Slide 1: Meaning for mining
TSX:ORA | B3:AURA33 | OTCQX:ORAAF November 2022 www.auraminerals.com Meaning for mining Our vision is to be one of the most trusted, responsible, well-respected and results driven mining company
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements This presentation contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information. Forward-looking statements and forward-looking
Slide 3: Diversified, growing gold and copper producer
#1 ranked on the TSX The first Company on the Toronto Stock Exchange to rank #1 two years in a row Diversified, Well consolidated operations in the Americas with goal to growing gold increase production by 67% over next 3 years and copper producer. Development projects among the most profitable in t
Slide 4: Multi-Year Transformation
Multi-Year Transformation With the three pillars of our strategy… High Quality Strong Business-Building Assets and Projects Balance Sheet Culture Generate value with high-quality Low leverage, wide bank Build a team and culture to assets and further development relationship, and increasing support a
Slide 5: Portfolio: 3 Operating Mines, 4 Growth Projects
Copper Portfolio 2021 24% Gold Revenue by Metal Gold 76% 3 Operating Mines 4 Growth Projects San Andrés La Union, Honduras Aranzazu Zacatecas, Mexico 269k GEO 2021 Tolda Fria Borborema Manizales, Rio Grande Colombia do Norte, Brazil ~450k GEO São Francisco Mato Grosso, Brazil 2025E Almas Producing M
Slide 6: Operating Mines
Operating Mines Established Operations with Significant Growth Potential • Underground copper, gold and silver mine with flotation circuit to produce copper concentrate. • In operation since 1962, but optimized and reopened in 2018 Aranzazu Mine • LOM: 7 years Zacatecas, Mexico • 2021 Production: 10
Slide 7: Results
Results Net Revenues Production (US$M) (000 GEO) +100% +181% 269 245-250 $445 204 178 $300 $287 136 $226 126 $158 $158 175 9M 2017 2018 2019 2020 2021 9M22 2017 2018 2019 2020 2021 2022E Adjusted EBITDA1 and Margin Cash cost1 (US$M, %) US$/GEO2 $868 $923 +740% $832 $809 $812 $185 $875 - $899 $119 $9
Slide 8: Production Growth
Production Growth Clear Path to 450 kGEO by 2025 Management targets for 2022 and beyond include bringing three mines online and converting new deposits. > 67% > 450 > 400 Matupa or 113% Borborema1 19 4 269 245-250 Mgmt Targets (annualized) 42 204 Matupa or 178 Borborema1 136 126 (annualized) Almas 2
Slide 9: Unlocking Further Value
Unlocking Further Value Develop Existing Projects Advance Exploration Re-rate On track to bring two mines online in the Unmatched land position with potential to Clear path to +400oz GEO demonstrates a next two years increase LOM, Resources and Reserves strong opportuity to re-rate and increase the
Slide 10: Growth Projects
Growth Projects Robust upside potential with two mines online in 2024 and a third in 2025 • 3 separate open pits (Paiol, Cata Funda, Vira Saia) and flexible processing facility designed to handle upgrades • 594koz gold over initial 17-year LOM Almas Construction • >100% Leveraged IRR, NPV of $260M a
Slide 11: Advancing Exploration
Advancing Exploration Exploration Underway Across the Portfolio for Resource Growth and LOM Extension Exploration (Opex & Capex) Reserves and Mineral Resources USD, M (Million GEO¹) Almas 2P 0.6 Reserves (2P) ’000 GEO Almas M&I 0.1 Resources (M&I) ’000 GEO Matupa M&I 0.3 Inferred³ $25 $22 Non-operat
Slide 12: 650,000 hectares of Unmatched Potential
650,000 hectares of Unmatched Potential Exploration Focused on LOM Expansion and Resource Growth Mineral rights on underexplored fertile geological settings. Exploration ongoing across the portfolio with key programs below. Aranzazu Mine EPP and SF 355,869 ha on a 200 km trend 11,181 ha and 6% of pr
Slide 13: Mid-Tier Gold Producers P/NAV Multiples
Mid-Tier Gold Producers Strong balance sheet and access to capital provides unique P/NAV opportunity to grow further and change peer group with potential re-rating Multiples Potential to close the gap to peers and new re-rating upon reaching +400K Oz and increased DTV 7% discount P/NAV Multiples (x)
Slide 14: Top Dividend Paying Gold Company on the TSX
Top Dividend Paying Gold Company on the TSX March 15, 2021, dividend of December 1, 2021, dividend of In 2022, amended to semi- Over 7x larger dividend yield than US$0.83/share (~US$60 million) US$0.35/share (~US$25 million), annual cash dividend based on the average amongst regular dividend- for th
Slide 15: Corporate Summary
Corporate Summary Capital Structure Share Price Chart Share price (Nov 7, 2022) C$10.06 $20.00 TXS Share Price ($C) 52-week trading range C$6.60 – C$13.14 $15.00 Basic shares outstanding 72.0M Options 3.4M1 $10.00 FD shares outstanding 73.6M Market capitalization (basic) C$723M $5.00 Cash (Q3 2022)
Slide 16: Expertise
Expertise Track Record of Transformational Improvements, Growth and Operational Excellence Management Team Operations Team Paula Gerber Wilton Muricy Andreia Nunes Fred Silva Henrique Rodrigues Sofia Aguilar Rodrigo Barbosa Kleber Cardoso Glauber Luvizotto Head of Honduras Brazil Brazil Mexico Hondu
Slide 17: Aura Today
Market Presence Aura Today Top performer on the TSX. 13.5% Dividend Yield Highest in the sector in 2021. Committed to EESG Path to 400k GEO 360 concept supports constant 50% growth in production, on track to 400k state of evolution. GEO by 2024. Financial Strength Cost reductions through expansions
Slide 18: Appendix
Appendix TSX:ORA | B3:AURA33 | OTCQX:ORAAF www.auraminerals.com
Slide 19: 360º Mining
360º Mining Supports our constant state of evolution Water and Liquid Effluents Climate Change Sustainable water footprint across all 0.3 t/oz GHG emissions, well below the industry average of 1.08 t/oz. operations with a commitment to Committed to reducing 5% of GHG emissions by 2023 through operat
Slide 20: Almas
Almas Potential to add more ounces outside of existing resource Almas Greenstone Belt hosts numerous areas within a 40 km radius of the plant orogenic gold occurrences with potential to unlock further discoveries • Flexible processing facility designed to handle upgrades • Project located on 224,141
Slide 21: Matupá
Matupá Low-Capex and High-Margin Open-Pit Project in Development • 100% owned and located in Mato Grosso, Brazil • Consolidating a large land package with 62,500 ha in a promising region with large companies such as Anglo American, Codelco, Nexa, IAMGold and Yamana operating in and exploring the are
Slide 22: Borborema Gold Project
Borborema Gold Project New Addition to the Growth Pipeline Borborema Rio Grande do Norte, Brazil • Acquired in September 2022 from Big River Gold, an Australian listed Company. • 80/20 JV with Dundee Resources . Borborema • New FS / project review expected by Q1 2023. 25 km 36 km Currais Santa Geolo
Slide 23: Ernesto/Pau-a-Pique and SF
Ernesto/ Pau-a-Pique and SF Near-mine and regional exploration across a 200 km trend ~1.5M oz Produced 355,869 ha of mineral rights on one of Brazil’s prolific mineral belts • Gold mining began in the region during the 18th century ~1.0M oz Produced • Close to 3 million ounces discovered in last 20
Slide 24: Aranzazu Exploration
Aranzazu Exploration Drilling Underway to Increase LOM and Identify New Deposits • Located in the prolific Concepcion del Oro Providencia, Mazapil district, where evidence of mining dates back almost 500 years • District is host to world class deposits such as Tayahua (Minera Frisco), Camino Rojo (O
Slide 25: NI 43-101 Compliant Mineral Reserves
NI 43-101 Compliant Mineral Reserves Gold Proven Probable Total P&P Reserves Mine/Project Tonnes Grade (g/t) Contained (oz) Tonnes Grade (g/t) Contained (oz) Tonnes Grade (g/t) Contained (oz) Aranzazu1 5,462,000 1.00 176,000 931,000 0.81 24,000 6,393,000 0.97 200,000 San Andrés1 15,748,000 0.55 276,
Slide 26: NI 43-101 Compliant Mineral Resources
NI 43-101 Compliant Mineral Resources Gold Measured Indicated Inferred Mine/Project Tonnes Grade (g/t) Contained (oz) Tonnes Grade (g/t) Contained (oz) Tonnes Grade (g/t) Contained (oz) Aranzazu1,2 9,418,000 1.20 363,000 2,123,000 0.89 61,000 4,236,000 0.94 128,000 San Andrés1,2 18,633,000 0.56 334,
Slide 27: Disclaimer: Technical Reports
Disclaimer: Technical Reports Mineral Resource Estimates ◼ The Mineral Resource estimates were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves, adopted by the CIM Council on May 10, 2014, and the CIM Estimation of Mineral Resources and Mineral Rese
Slide 28: Disclaimer: Technical Reports
Disclaimer: Technical Reports Mineral Resource Estimates ◼ The Mineral Reserve estimates were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves, adopted by the CIM Council on May 10, 2014, and the CIM Estimation of Mineral Resources and Mineral Reser
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