AUGO · Aura Minerals

Aura Minerals has taken a significant step in advancing its project pipeline with the Board of Directors' approval to commence construction of the Era Dorada gold project in Guatemala. This decision triggers a material update to the company's capital expenditure outlook for 2026, specifically impacting the Expansion CAPEX component. The guidance revision is substantial, with the Expansion CAPEX range more than doubling from the previously disclosed US$111-130 million to US$262-314 million. This increase directly incorporates the full construction costs for Era Dorada, whereas prior guidance only accounted for early works investments announced on January 6, 2026. The company's sustaining and exploration CAPEX budgets remain unchanged from the figures released on February 26, 2026, at US$105-123 million and US$19-25 million respectively. Consequently, the total 2026 CAPEX guidance has been revised upward from US$236-278 million to a new range of US$386-463 million. This development represents a major capital allocation decision, signaling the company's commitment to advancing its growth projects and potentially increasing future production capacity from its asset portfolio, which includes six operating mines across the Americas.