Published: June 3, 2025 |

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Aura Minerals has entered into a share purchase agreement (SPA) where Auro will acquire from AngloGold all of the issued and outstanding securities of Mineração Serra Grande S.A. (MSG), owner of the Mineração Serra Grande Gold Mine located in Crixás, in the state of Goiás, Brazil.

“AngloGold has built a strong reputation for developing and operating world-class mines. Serra Grande, located in one of Brazil’s most prominent greenstone belts, has, according to AngloGold, produced more than 3 million oz since 1998 with a peak production of 193,000 oz in 2006, underscoring its significant potential,” said Rodrigo Barbosa, president and CEO of Aura.

“As a nimble company with a proven turnaround track record and a team with significant previous knowledge of Serra Grande, Aura is well positioned to unlock the mine’s potential. Through our disciplined capital allocation, Aura culture, and a targeted exploration program, we believe we can significantly enhance performance, boost production, reduce costs, and extend the life of mine at Serra Grande, which could result in Serra Grande becoming a cornerstone of our portfolio,” added Barbosa.

The closing of the transaction is expected to happen by Q3 2025, and no later than Q4 2025.

The Mineração Serra Grande Gold Mine is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant.

Aura Minerals is focused on mining in complete terms — thinking holistically about how its business impacts and benefits every one of its stakeholders, its company, its shareholders, its employees, and the countries and communities they serve. The company calls this 360° Mining. Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The company’s five operating assets include the Minosa gold mine in Honduras, the Almas, Apoena, and Borborema gold mines in Brazil, and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the company owns Era Dorada, a gold project in Guatemala, Tolda Fria, a gold project in Colombia, and three projects in Brazil. Matupá, which is under development, São Francisco, which is in care and maintenance, and the Carajás copper project in the Carajás region, in the exploration phase.

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