Aura Minerals Announces Significant Dividend, Strengthening Shareholder Returns
Aura Minerals Unveils New Dividend Plan
Aura Minerals Inc. has announced an exciting update regarding its dividend policy, declaring a dividend of US$0.25 per share. This reflects a significant payout of approximately US$18.3 million, demonstrating Aura's commitment to delivering value to its shareholders.
Details of the Dividend Announcement
The Board of Directors at Aura has approved this dividend, which is a crucial step in implementing their Dividend Policy. The payment is based on the company's financial results for the fourth quarter and highlights Aura's strategic approach to maintaining regular distributions. This payout will be made in US dollars, aiming to reward faithful shareholders.
Payment Timeline
For those who are shareholders as of March 6, 2025, the dividend will be paid on March 14, 2025. The timing for the Brazilian Depositary Receipts (BDRs) holders is slightly different; they will receive US$0.0833 per BDR, expected around March 28, 2025.
Understanding Aura's Financial Performance
The dividend has been structured to align with the company’s financial achievements, particularly its reported Adjusted EBITDA. This aligns with Aura’s goal of paying out 20% of this figure each quarter after accounting for capital expenditures. With this framework, the company shows a strong commitment to fiscal responsibility while rewarding its investors.
Aura's Position in the Mining Sector
Rodrigo Barbosa, the President & CEO, expressed pride in announcing the dividend. He emphasized that this marks achievement in maintaining a robust cash flow while pursuing growth opportunities. Notably, Aura has performed exceptionally well within the mining sector, reflecting a yield of 9.2% over the last twelve months, making it one of the notable dividend-yielding entities in the gold mining industry.
Aura Minerals’ Commitment to Sustainable Practices
Aura embraces a holistic approach to mining, which they call 360° Mining. This initiative not only focuses on financial returns but also prioritizes the impact on all stakeholders, including employees, shareholders, and the broader community. By doing so, Aura aligns its operational strategies with long-term sustainability goals.
Operations and Projects
The company currently operates four mines, including the Aranzazu copper-gold-silver mine in Mexico and two gold mines in Brazil, the Apoena and Almas mines. It is actively investing in developing promising projects such as the Cerro Blanco in Guatemala and others within Brazil. With over 630,000 hectares of mineral rights, Aura is well-positioned to explore and advance its assets.
Investor Relations Information
If you wish to know more about Aura's operational details, financial performance, or investor communications, consider reaching out to their investor relations team. They are committed to maintaining transparency and keeping shareholders well-informed about the company’s progress.
Investor Relations ri@auraminerals.com
Frequently Asked Questions
What is the announced dividend amount by Aura Minerals?
The declared dividend is US$0.25 per share, equating to approximately US$18.3 million total.
When will the dividend be paid?
The payment of the dividend is scheduled for March 14, 2025.
Who is eligible for the dividend?
Shareholders registered as of the close of business on March 6, 2025, will qualify for the dividend.
What is the payment for Brazilian Depositary Receipts (BDRs)?
BDR holders will receive US$0.0833 per BDR, with payments expected on March 28, 2025.
How does Aura support its shareholders?
Aura Minerals commits to enhancing shareholder value through consistent dividend distributions and maintaining strong cash flow for sustained growth.
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