Aura Minerals Launches US$200M Buyback of Shares and Brazilian Depositary Receipts
AUGO•Aura Minerals’ board greenlit a US$200 million buyback of common shares and Brazilian Depositary Receipts running from June 18, 2026 to June 18, 2027, funded by existing cash and subject to periodic review. The program follows strong LTM dividend yields averaging 6–9% and aims to optimize capital structure and enhance shareholder returns.
1. Authorization and Scope
Aura Minerals’ board approved a repurchase program authorizing up to US$200 million of common shares and Brazilian Depositary Receipts from June 18, 2026 through June 18, 2027. The program may be adjusted, suspended or expanded based on market conditions and periodic board reviews.
2. Funding and Execution
Repurchases will be funded with existing cash and may occur on the open market or via privately negotiated transactions. A designated broker will execute purchases under safe harbors provided by Rule 10b-18 or Rule 10b5-1.
3. BDR Repurchase Specifics
The Brazilian Depositary Receipt component covers up to US$200 million with each share represented by three BDRs, with 251.5 million BDRs outstanding and 5.1 million held in treasury. Acquired BDRs may be held, canceled or disposed of in accordance with CVM rules, using BTG Pactual as intermediary on B3.
4. Strategic Rationale and Returns
This buyback underscores Aura’s focus on capital discipline and value creation, complementing dividend yields of 6–9% over the last twelve months. Management views the program as enhancing EPS, optimizing capital structure and reinforcing confidence in operational momentum and cash generation.
