Aura Changes Record and Payment Dates for Dividend to be paid in December 2022
ROAD TOWN, Dec. 19, 2022 - Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ("Aura" or the "Company") announced that, further to the Company's press release dated December 6, 2022 and in order to satisfy certain administrative requirements in Canada, Aura's Board of Directors changed the record date (the "Record Date") and the payment date for its previously announced dividend (the "Dividend") of US$0.14 per common share (approximately US$10.1 million in total).
The record date for the Dividend has been changed from December 15, 2022 to December 23, 2022, and the payment date for the Dividend has been changed from December 21, 2022 to December 30, 2022.
In accordance with the Company's dividend policy (the "Dividend Policy"), the Dividend is in respect of and is based on Aura's expected financial results for the six months ending on December 31, 2022.
The Dividend will be paid on December 30, 2022 to shareholders of record as of the close of business on the Record Date. All shareholders of record on the Record Date will receive the Dividend in US dollars. Holders of the Company's Brazilian Depositary Receipts are expected to receive payment by January 10, 2023 as of Record Date previously announced of December 15, 2022 and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date.
Between December 19, 2022 and December 23, 2022, the issuance and cancellation of BDRs will be interrupted.
The Dividend is not subject to withholding taxes at the time of payment by the Company.
About Aura 360° Mining
Aura is focused on mining in complete terms - thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.
Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the Company has four additional gold projects in Brazil: Almas, under construction; Borborema and Matupá, in development, and São Francisco, in care & maintenance, and one gold project in Colombia, Tolda Fria.
For further information, please visit Aura's website at www.auraminerals.com or contact:
Rodrigo Barbosa
President & CEO
305-239-9332
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements", as defined in applicable securities laws (collectively, "forward-looking statements") which include, but are not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expected timing of the Dividend; expected production levels in Q4 2022 and metal prices received in respect thereof; the Company's sustaining capital expenditures and exploration capital expenditures for Q4 2022; the further potential of the Company's properties; and the ability of the Company to achieve its short and long term outlook and the anticipated timing and results thereof.
Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements.
All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.