Aura Minerals board approves development of Era Dorada Project

Aura Minerals (AUGO) is pleased to announce that its Board of Directors has approved the development of the Era Dorada Project, marking another significant milestone in the Project’s advancement. In addition to the core project approval, Aura has secured budget authorization for an advanced water treatment system, with plans to pursue all necessary government permits and approvals. This will enable the delivery of purified, potable water to the local community, further demonstrating Aura’s steadfast dedication to environmental stewardship, sustainable social impact, and responsible mining practices. Total capital expenditures for the Era Dorada Project are estimated at $382M and the project is expected to commence operations in the first half of 2028. Average annual gold production estimated at 111,000 ounces during the first four years of the Project, with an estimated life of mine of 17 years, based on mineral reserves estimated in accordance with S-K 1300.