Aura Minerals Doubles Proven Reserves to 7.22M GEO with $21.8M Exploration Spend
Aura Minerals increased its Proven & Probable Mineral Reserves from 3.4M to 7.22M gold equivalent ounces after a $21.8M exploration program in 2025. Measured & Indicated resources rose 26% to 3.49M GEO while Inferred Resources tripled to 3.92M GEO, fueled by MSG and Era Dorada acquisitions.
1. Reserve and Resource Growth
In 2025, Proven & Probable Mineral Reserves surged to 7.22 million gold equivalent ounces from 3.4 million, while Measured & Indicated resources increased 26% to 3.49 million GEO and Inferred Resources more than tripled to 3.92 million GEO.
2. Exploration Investment and Activities
The company invested $21.8 million in exploration across its six operating mines and development projects, completing 106,941 meters of drilling and maintaining one of the industry’s lowest discovery costs per meter.
3. Acquisition Impact
The additions of the MSG Project and Era Dorada bolstered the reserve portfolio, with MSG inclusion driving the bulk of Inferred Resources growth and Era Dorada contributing new Proven & Probable reserves.
4. Production Outlook and Market Liquidity
Aura Minerals produced 280,000 GEO in 2025 and targets over 600,000 GEO in the coming years, while average daily trading volume expanded from $2 million to more than $90 million, reflecting increased market engagement.