ROAD TOWN, British Virgin Islands, Feb. 26, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX:ORA, OTCQX:ORAAF) (“Aura” or the “Company”) announced today that the Company’s Board of Directors (the “Board”) has declared and approved the payment of a dividend (the “Dividend”) of US$0.25 per common share (approximately US$18.3 million in total). This payment is above the minimum foreseen in the Company’s Dividend Policy (the “Dividend Policy”). The Dividend is in respect of and is based on Aura’s Q4 2024 financial results ended December 31, 2024. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period.
The Dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025 (“Record Date”).
Holders of the Company’s Brazilian Depositary Receipts as of Record Date will receive US$0.0833 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around March 28, 2025, 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.
As an example, BDR`s holders will receive:
• Announced Dividend on February 26, 2025: USD 0.083334 per BDR
• Exchange Rate, based on closing rate as of 02/25/25, for USD to Brazilian Reais (BRL): BRL 5.7394 per USD
• Dividends Payable to Company BDR Holders: BRL 0.478284 per BDR. This value will change according the exchange rate on the day previous to the payment day
• Record Date for Dividend …
Full story available on Benzinga.com
ROAD TOWN, British Virgin Islands, Feb. 26, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX:ORA, OTCQX:ORAAF) (“Aura” or the “Company”) announced today that the Company’s Board of Directors (the “Board”) has declared and approved the payment of a dividend (the “Dividend”) of US$0.25 per common share (approximately US$18.3 million in total). This payment is above the minimum foreseen in the Company’s Dividend Policy (the “Dividend Policy”). The Dividend is in respect of and is based on Aura’s Q4 2024 financial results ended December 31, 2024. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period.
The Dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025 (“Record Date”).
Holders of the Company’s Brazilian Depositary Receipts as of Record Date will receive US$0.0833 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around March 28, 2025, 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.
As an example, BDR`s holders will receive:
• Announced Dividend on February 26, 2025: USD 0.083334 per BDR
• Exchange Rate, based on closing rate as of 02/25/25, for USD to Brazilian Reais (BRL): BRL 5.7394 per USD
• Dividends Payable to Company BDR Holders: BRL 0.478284 per BDR. This value will change according the exchange rate on the day previous to the payment day
• Record Date for Dividend …
Full story available on Benzinga.com
ROAD TOWN, British Virgin Islands, Feb. 26, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX:ORA, OTCQX:ORAAF) (“Aura” or the “Company”) announced today that the Company’s Board of Directors (the “Board”) has declared and approved the payment of a dividend (the “Dividend”) of US$0.25 per common share (approximately US$18.3 million in total). This payment is above the minimum foreseen in the Company’s Dividend Policy (the “Dividend Policy”). The Dividend is in respect of and is based on Aura’s Q4 2024 financial results ended December 31, 2024. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period.
The Dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025 (“Record Date”).
Holders of the Company’s Brazilian Depositary Receipts as of Record Date will receive US$0.0833 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around March 28, 2025, 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.
As an example, BDR`s holders will receive:• Announced Dividend on February 26, 2025: USD 0.083334 per BDR• Exchange Rate, based on closing rate as of 02/25/25, for USD to Brazilian Reais (BRL): BRL 5.7394 per USD• Dividends Payable to Company BDR Holders: BRL 0.478284 per BDR. This value will change according the exchange rate on the day previous to the payment day• Record Date for Dividend …Full story available on Benzinga.com Read MoreNews, ORAAF, TSX:ORA, Dividends, Press Releases News
