Aura Minerals Announces Mining Fleet Insourcing at Apoena, Almas and Borborema
Key Highlights
- ➤Aura Minerals (AUGO) to acquire Brazilian mining fleet operator for R$612 million
- ➤Up to R$250 million of consideration will be paid in cash
- ➤Insourcing targets January 2027 transition across Apoena, Almas and Borborema
- ➤AISC expected to decline US$150 to US$200 per ounce beginning in 2027
- ➤Closing requires customary conditions, including Brazil antitrust clearance from CADE
Expert Statements
Rodrigo Barbosa, CEO and President of Aura Minerals
“Over the past three years, we have grown from one operation in Brazil to four, including MSG, which we acquired with its own mine fleet already in place. Insourcing the mine operations is a natural next step in that growth strategy and in our ongoing focus on cost reduction. The Insourcing is expected to deliver a robust return on invested capital through an average AISC reduction of US$150 to US$200 per ounce across our three open-pit mines, while giving us greater operational control to pursue further productivity gains and economies of scale.”
ROAD TOWN, British Virgin Islands, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Aura Minerals Inc. ("Aura" or the "Company") (NASDAQ: AUGO | B3: AURA33) announced today that it has signed a definitive agreement to acquire a company (“Newco”) that will hold the mining fleet, related equipment leases and dedicated workforce currently operated by a third-party contractor in three of its gold operations in Brazil — Apoena, Almas and Borborema — and to bring fleet operation and maintenance in-house (the "Insourcing"), with the transition targeted for January 2027. At MSG, the Company already operates the mine fleet directly.
The Insourcing is expected to give Aura greater operational control and to generate synergies across its Brazilian business units. The timing is aligned with the Company's growth in the country where it currently operates four gold mines and plans to expand production capacity in some of its operations. The Insourcing will give Aura direct control over fleet sizing, maintenance strategy and utilization at all three operations, and is expected to improve equipment availability and reliability and lower mining unit costs over time.
Get started
Create a free account to read the full story.