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Aura Minerals Renews Normal Course Issuer Bid, Buyback Program for Brazilian Depositary Receipts
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Aura Minerals Renews Normal Course Issuer Bid, Buyback Program for Brazilian Depositary Receipts
Mar 24, 2025 6:12 AM

08:47 AM EDT, 03/24/2025 (MT Newswires) -- Aura Minerals ( ORAAF ) said Monday that the TSX accepted its plan to renew its normal course issuer bid (NCIB) while also renewing the buyback program for its Brazilian depositary receipts (BDR).

Under the NCIB, Aura may purchase up to 2,694,168 common shares, or 10% of its public float, from March 26 for a year. Under the BDR buyback program, the company can purchase up to an aggregate of 8,082,504 BDRs or 10% of its public float over 12 months.

"The re-institution of our NCIB and BDR buyback programs reaffirms our commitment to providing value-enhancing growth opportunities for our shareholders," said Rodrigo Barbosa, Aura's president and CEO.

Aura's assets include the Aranzazu copper-gold-silver mine in Mexico, the EPP and Almas gold mines in Brazil, and the San Andres gold mine in Honduras.

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