Aura Minerals Inc. has closed its acquisition of Mineração Serra Grande S.A. (MSG), owner of the Mineração Serra Grande gold mine in Crixás, Goiás, Brazil, from AngloGold Ashanti plc, following a June 2, 2025 share purchase agreement.

Aura Minerals, a TSX listed gold and copper producer with operations in Honduras, Brazil and Mexico and a market capitalisation of approximately C$2.5 billion, has acquired MSG for a cash consideration of US$76 million on closing, with additional deferred consideration payments linked to net smelter returns.

MSG comprises three mechanised underground mines and an open pit, with a 1.5 Mt per annum plant, and produced 80 koz of gold in 2024 (86 koz in 2023).

The acquisition represents a significant step in Aura’s growth strategy, adding a well established asset in Brazil’s prominent greenstone belt.

Aura intends to implement a targeted exploration programme and operational efficiencies to enhance performance, extend mine life and drive further production growth at MSG.