The earnings call presented strong performance improvements, including record production and EBITDA, successful debt issuance, and strategic acquisitions. However, the results were tempered by financial losses from market-to-market adjustments and production challenges at the Apoena mine.

Company Guidance

In the Q3 2024 earnings call for Aura Minerals (ORA.TO), the company reported record high production and financial metrics. They produced 68.2 thousand gold equivalent ounces in Q3 2024, marking a 10% increase from Q3 2023 and contributing to a 12-month production high of 270,000 gold equivalent ounces. The company highlighted a record EBITDA of $78 million, a 40% increase from the previous quarter, driven by higher production, increased gold prices averaging $2,500 per ounce, and lower costs. Free cash flow to the firm was $65 million, with $54 million reinvested, allowing Aura to reduce its net debt-to-EBITDA ratio. The Borborema project is on track, being 54% complete, with commercial production expected in the second half of 2025. Additionally, Aura has increased its cap raising to BRL 1 billion and announced new acquisitions and changes to its dividend policy, reflecting a strong financial position and commitment to growth.

Record High Gold Production

Achieved record high production of 270,000 gold equivalent ounces on a yearly basis, with a 10% increase in Q3 compared to Q3 2023.

Record High EBITDA

Achieved a record high EBITDA of $78 million for Q3 2024, approximately 40% above the previous quarter.

Strong Free Cash Flow

Generated $65 million in free cash flow, with $54 million reinvested, enabling growth within the company's own operations.

Successful Debt Issuance

Successfully issued BRL 1 billion in debt, initially forecasted at BRL 0.5 billion, due to significant demand.

Improved Safety Performance

Reported zero lost time incidents for several operations with Aranzazu at 24 months, Minosa at 23 months, and Almas at 26 months without incidents.

Acquisition of World-Class Project

Entered the process of acquiring a project in Guatemala with world-class deposits.

Increased Dividend and Shareholder Return

Announced a change in dividend policy to quarterly payments, with an annualized yield of 9.3%.

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Aura Minerals (TSE:ORA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ORA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.58 / -	-0.08	―	―	―
Nov 04, 2024	2024 (Q3)	0.64 / -0.23	0.156	-245.45% (-0.38)	―	―
Aug 05, 2024	2024 (Q2)	0.18 / -0.34	0.227	-250.00% (-0.57)	―	―
May 07, 2024	2024 (Q1)	0.48 / -0.06	0.369	-115.38% (-0.43)	―	―
Feb 20, 2024	2023 (Q4)	0.40 / -0.11	0.241	-147.06% (-0.35)	―	―
Nov 06, 2023	2023 (Q3)	0.32 / 0.16	0	―	―	―
Aug 07, 2023	2023 (Q2)	0.24 / 0.23	0.298	-23.81% (-0.07)	―	―
May 04, 2023	2023 (Q1)	0.34 / 0.37	0.78	-52.73% (-0.41)	―	―
Feb 27, 2023	2022 (Q4)	0.71 / 0.24	0.447	-46.03% (-0.21)	―	―
Nov 09, 2022	2022 (Q3)	0.43 / 0.00	-0.284	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:ORA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	C$17.20	C$17.19	-0.06%
May 07, 2024	C$10.09	C$9.91	-1.78%
Feb 20, 2024	C$8.05	C$8.04	-0.12%
Nov 06, 2023	C$8.49	C$8.29	-2.36%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Aura Minerals Inc. J (TSE:ORA) report earnings?

Aura Minerals Inc. J (TSE:ORA) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.

What is Aura Minerals Inc. J (TSE:ORA) earnings time?

Aura Minerals Inc. J (TSE:ORA) earnings time is at Feb 26, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ORA EPS forecast?

TSE:ORA EPS forecast for the fiscal quarter 2024 (Q4) is 0.58.

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