Why I'm Rating Aura Minerals a Buy
- Felix Ouma

- Apr 27
- 9 min read
Updated: Jun 9
Summary
Aura is producing at record levels, generating record adjusted EBITDA, and entering 2026 with a bigger asset base after Borborema's ramp-up and the MSG acquisition.
The company still looks attractive because it combines growth, low leverage, and meaningful dividends instead of forcing investors to choose only one of those traits.
Borborema, MSG, Almas expansion, and Era Dorada give Aura multiple ways to grow toward and beyond its stated 600,000 GEO ambition over time.
Valuation is no longer distressed, but it still looks reasonable relative to peers when set against Aura's growth profile, cash generation, and unusually low FWD PEG




