Aura Minerals secures $200M loan for Americas growth

AI desk brief

Aura Minerals secured a $200 million syndicated loan at SOFR + 2.7% to fund supplier payments and prepayments as it advances the Era Dorada project in Guatemala and broader growth across its Americas portfolio. The company is targeting more than 600,000 gold-equivalent oz./yr in the medium term, versus 313,000 oz. produced in the 12 months through June, with Era Dorada expected to start in 1H 2028 and first-four-year output averaging about 111,000 oz. a year.

The balance sheet remains manageable for the expansion cycle: Aura had $248.3 million cash, $441.2 million gross debt and net debt of $168 million at June 30, with first-half recurring free cash flow of $175.1 million. Capex guidance for 2026 was lifted to $386 million-$463 million, including $262 million-$314 million for expansion spending; the Guatemala project carries an estimated $382 million capex and was modeled at an after-tax NPV of $1.34 billion using $3,177/oz gold.