Aura Minerals (NASDAQ:AUGO) reported record preliminary production for the first quarter of 2026 on April 10, delivering 82,137 gold equivalent ounces (GEO).
The results represent a 37% increase over the same period last year, signaling a robust start to the fiscal year as the company’s expansion projects begin to contribute meaningfully to the bottom line.
On a sequential basis, production remained roughly flat compared to the fourth quarter of 2025 at current metal prices.
However, when adjusted to constant prices to strip out market volatility, production rose 1% quarter-over-quarter and 41% year-over-year.
Total sales for the period reached 81,364 GEO, closely tracking the company's output.
The record quarter was characterized by a mix of operational scaling and planned maintenance across its six-mine portfolio.
The Almas and Borborema sites showed marked improvement as they continued to ramp up toward full capacity.
Conversely, the Aranzazu and Apoena mines experienced lower short-term output due to planned mine sequencing and expected fluctuations in ore grades.
In Brazil, the Mineração Serra Grande (MSG) operation underwent essential underground infrastructure upgrades during the quarter.
Management noted that while these upgrades required temporary focus, they are critical for ensuring the long-term stability and efficiency of the asset.
Meanwhile, Aura continues to advance its long-term strategy to reach an annual production profile of 600,000 GEO.
The company is currently progressing with the Borborema expansion, underground development at Almas, and early works at the Era Dorada project.
Additionally, an updated feasibility study for Matupá has incorporated recently identified additional ounces, further strengthening the company's growth pipeline.