Aura Minerals (NASDAQ:AUGO) reported a fourth-quarter net loss of $19.9 million on Thursday, a sharp reversal from the profit recorded in the same period last year.
The Coconut Grove, Florida-based miner saw a statutory loss of 23 cents per share, primarily weighed down by costs associated with its aggressive production ramp-up.
Despite the bottom-line loss, the company’s underlying performance signaled significant growth.
When adjusted for non-recurring costs, earnings reached 96 cents per share, reflecting a period of record-high production and favorable metal prices.
Revenue for the quarter rose to $321.7 million, driven by surging gold and copper output across its Americas-based portfolio.
The quarterly results capped a year defined by high capital expenditure.
For the full year 2025, Aura’s net loss widened to $79.3 million, or $1.01 per share.
However, annual revenue grew substantially to $921.7 million.
Management highlighted that the company achieved its production guidance for the year, bolstered by the commercial commencement of the Borborema project and the acquisition of the Serra Grande (MSG) mine.