AUGO Nasdaq Russell 1000 Earnings call
Aura Minerals Inc. (AUGO) · Q2 2026 results
Share price: $81.40 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 7 May 2026
Net income up 128.8% on the previous quarter. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+128.8%
Net income vs Q1 2026
Outlook given
Net income 217.7M vs 95.2M
Revenue −12.2%
Against the same quarter last year (Q2 2025) it is +2572.0%, so it is not just seasonal.
2 · How management spoke
Restrained
Less upbeat than 76% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Figure
Accumulated net revenues for the last 12 months reached a record high of close to $1.3 billion.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: no OCF/capex (bank, utility, or SEC gap).
Current price
$81.40
close of 2026-11-11
Read between the lines
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Key theme
Sustaining cash cost is nearing $2,000 per ounce after completing background work at the MSG project.
Source quote
“All the background work in MSG has been done, and we will have here a slide also to mention that give... ...per ounce. In terms of Borborema, first quarter, 17,000 ounces, second quarter, 14,000 ounces.”
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Key theme
AUGO announced a $200 million share buyback program to be implemented alongside the approved dividend starting in the next quarters.
Source quote
“So, from now on, investors should see a split between dividend and share buyback coming in, in the next quarters... Together with this dividend that we also approved, a share buyback program of $200 million. In terms of projects at Aura,...”
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Guidance
AUGO expects to increase production in both lines to meet updated volume requirements.
Source quote
“So, what we expect, and we should see is we will increase production in both lines.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Aura is in a privileged position in order to have such a strong cash flow from operations that we can do this kind of combination and continue to grow and...”
“which means that Aura continues to grow, to fund its own growth and the dividends and the buybacks with our own cash flows from operations despite, of course, that we...”
“And as we piled all of this already also during the third the second quarter, we should see Minosa with a weaker production on next two quarters and then recovering...”
Full figures
USD · ROIC.AI fundamentals (NASDAQ:AUGO, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 336.0M | 382.6M | −12.2% | 190.4M | +76.4% |
| Gross profit | 191.5M | 228.8M | −16.3% | 103.9M | +84.2% |
| Operating income | 173.3M | 203.0M | −14.6% | 89.9M | +92.9% |
| Net income | 217.7M | 95.2M | +128.8% | 8.1M | +2572.0% |
| EPS | 2.60 | 1.14 | +128.1% | 0.11 | +2269.6% |
| P/E | — | — | — | — | — |
Topics
Most discussed now
- In terms of net income, Aura Minerals is reporting strong net income of $218 million as a combination of the results from...
- Aura Minerals is reporting net revenues of $336 million in the second quarter as anticipated by Rodrigo as a combination of lower...
- When gold price came back to $4,200, $4,300, Aura Minerals sees a more converging expectations in terms of price from the...
- Aura Minerals put the market average projections for gold and also copper.
- The great news is that Aura Minerals has been able to increase between 8% and 9% the performance in the underground...
Faded since Q1 2026
- Fading Aura Minerals also mentioned to the market that it would have to increase its daily trading volume, and now it is...
- Fading When Aura Minerals sees the adjusted EBITDA, as Rodrigo commented before, it has reporting it for the sixth quarter in a...