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ROAD TOWN, British Virgin Islands - Aura Minerals Inc. (NASDAQ:AUGO) (B3:AURA33), whose stock has surged over 200% year-to-date, has achieved commercial production at its Borborema gold mine in Brazil effective September 22, 2025, according to a company statement. InvestingPro analysis suggests the $2.87 billion market cap company is currently trading slightly below its Fair Value.
The Borborema mill is currently operating above 80% of design capacity, processing 4,500 tonnes per day with gold recoveries consistently exceeding 90%. The mine has already sold more than 10,000 ounces of gold since operations began. With revenue growth of 35.59% in the last twelve months and analysts projecting continued sales growth, the company appears well-positioned to capitalize on this new production capacity.
Located in the municipality of Currais Novos in Rio Grande do Norte state, Borborema represents Aura’s fifth operating mine and is expected to become the company’s second-largest producer. The project was completed after 19 months of construction with no lost time incidents.
The mine holds probable mineral reserves of 812,000 ounces of gold, with additional indicated mineral resources of approximately 1.18 million ounces of gold, exclusive of reserves.
According to a feasibility study completed in August 2023, Borborema is projected to produce 748,000 ounces of gold over an 11.3-year mine life.
The company noted that the operation uses 100% treated greywater from Currais Novos for all water needs at the mine and plant, excluding rainwater.
Aura is pursuing permits to relocate a road that crosses a portion of the deposit, which could potentially allow for conversion of additional indicated mineral resources into probable mineral reserves, depending on factors such as gold price and exchange rates.
The company operates four other mines across the Americas, including gold mines in Honduras and Brazil, and a copper-gold-silver mine in Mexico. With its next earnings report scheduled for November 4, 2025, and analysts maintaining a bullish outlook, investors can access detailed financial metrics and 14 additional exclusive insights through InvestingPro.
In other recent news, Aura Minerals has successfully closed its U.S. initial public offering, issuing 8.1 million common shares at a price of $24.25 each. This development marks the company’s entry into the Nasdaq Global Select Market, where its shares are now trading under the symbol "AUGO." Additionally, BofA Securities has initiated coverage of Aura Minerals, assigning a Buy rating to the company. The firm set a price target of $40.00, suggesting a potential upside of approximately 25% for the gold and base metals producer. These recent developments reflect significant milestones for Aura Minerals as it expands its presence in the U.S. market.
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