Free cash flow margins reached 17.5% in 2026Q1, though the company continues to balance aggressive capital deployment with $55.1 million in dividend payments.
| Cash from Operations | 347.79M | 257.93M | 222.24M | 124.95M | 96.36M | 131.19M | 87.18M |
| Operating CF Margin % | - | 27.98% | 37.4% | 29.97% | 24.54% | 30.94% | 29.07% |
| Operating CF Growth % | 320.95% | 16.06% | 77.87% | 29.66% | -26.55% | 50.48% | - |
| Net Income | 89.07M | -79.34M | -30.27M | 31.88M | 66.5M | 43.5M | 68.48M |
| Depreciation & Amortization | 79.76M | 75.81M | 28.43M | 23.63M | 19.82M | 37.8M | 24.18M |
| Stock-Based Compensation | 0 | 0 | 186K | 287K | 471K | 660K | 0 |
| Deferred Taxes | 6.41M | 0 | 82.69M | 6.43M | 25.74M | 57.26M | 8.95M |
| Other Non-Cash Items | 223.57M | 292.7M | 175.11M | 59.88M | -16.89M | 26.11M | -7.29M |
| Working Capital Changes | -51.03M | -31.24M | -33.91M | 2.84M | 725K | -34.15M | -7.13M |
| Change in Receivables | -5.86M | 0 | -7.25M | -9.19M | -13.01M | -14.74M | -10.12M |
| Change in Inventory | -20.68M | 0 | -12.08M | -12.71M | 13.48M | -8.95M | -10.24M |
| Change in Payables | 22.57K | 0 | 6.99M | 0 | 0 | 0 | 17.29M |
| Cash from Investing | -226.4M | -253.98M | -176.4M | -93.93M | -157.5M | -78.16M | -51.06M |
| Capital Expenditures | -170.31M | -179.43M | -180.58M | -96.09M | -103.36M | -79.47M | -51.97M |
| CapEx % of Revenue | 14.91% | 19.47% | 30.39% | 23.05% | 26.32% | 18.74% | 17.33% |
| Acquisitions | -439K | 0 | -1.24M | 1.56M | -54.35M | 1.3M | 912K |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 600K | 221K | 0 | 0 |
| Cash from Financing | -50.75M | 10.47M | 5.2M | 79.43M | 21.88M | -8.63M | 44.48M |
| Debt Issued (Net) | -74.57M | -62.83M | 116.67M | 99.88M | 64.82M | 79.65M | -730K |
| Equity Issued (Net) | 197.3M | 199.96M | -13.17M | 0 | -9.34M | 1.57M | 52.09M |
| Dividends Paid | -151.98M | -115.81M | -42.69M | -28.16M | -20.25M | -85.63M | -3.04M |
| Share Repurchases | -3.76M | -351K | -13.36M | 0 | -9.34M | 0 | -107K |
| Other Financing | -21.49M | -10.85M | -55.62M | 7.71M | -13.36M | -4.21M | -3.84M |
| Net Change in Cash | 197.92M | 223M | 32.89M | 109.39M | -33.59M | 43.71M | 79.02M |
| Free Cash Flow | 177.47M | 78.5M | 41.66M | 28.85M | -7M | 51.72M | 35.21M |
| FCF Margin % | 15.53% | 8.52% | 7.01% | 6.92% | -1.78% | 12.2% | 11.74% |
| FCF Growth % | 1045.78% | 88.42% | 44.39% | 512.05% | -113.54% | 46.9% | - |
| FCF per Share | 2.15 | 0.95 | 0.58 | 0.40 | -0.10 | 0.71 | 0.51 |
| FCF Conversion (FCF/Net Income) | 1.99x | -3.25x | -7.34x | 3.92x | 1.45x | 3.02x | 1.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Jurisdictional and Commodity Volatility
According to recent quarterly filings, Aura Minerals exhibits a volatile relationship between net income and operating cash flow, with the OCF/NI ratio fluctuating wildly from -3.57 in 2025Q4 to 1.17 in 2026Q1, suggesting that accounting adjustments frequently mask the underlying cash-generating capacity of the mining operations.
The persistent divergence between net income and operating cash flow indicates that non-cash charges, such as impairments or unrealized foreign exchange impacts, are significantly distorting the bottom line. Investors should interpret the positive OCF/NI ratio in the most recent quarter as a potential sign of stabilization, though the historical volatility warrants caution regarding the quality of reported earnings.
As reported in financial statements, Aura Minerals' free cash flow trajectory has shifted from negative territory in early 2025 to a robust 17.5% margin by 2026Q1, reflecting the successful transition of the Almas project from a capital-intensive development phase to a commercial production asset.
The improvement in FCF margins suggests that the company is beginning to reap the benefits of its aggressive capital deployment strategy. However, the sustainability of this trajectory remains sensitive to commodity price fluctuations and the company's ability to maintain production efficiency across its diverse jurisdictional footprint.
Based on Aura Minerals' reported figures, capital expenditures have remained consistently high, peaking at 39.0% of revenue in 2024Q4, which highlights the heavy reinvestment required to sustain production levels and advance the Borborema development project alongside existing brownfield restarts in Latin America.
The high capital intensity suggests that the company is still in a heavy growth phase, prioritizing asset expansion over immediate cash preservation. Analysts should monitor whether these expenditures are primarily maintenance-focused or growth-oriented, as the latter carries significant execution risk in complex regulatory environments.
Data from recent filings indicates that Aura Minerals continues to prioritize shareholder returns through dividends, totaling $55.1 million in 2026Q1, even while simultaneously funding significant development projects, which may indicate management's confidence in the long-term cash-generating potential of the current asset portfolio.
This dual approach of funding growth while maintaining a dividend policy is atypical for a mid-tier miner and may signal a commitment to investor alignment. However, this strategy could leave the balance sheet vulnerable if commodity prices experience a sustained downturn, potentially forcing a difficult choice between project funding and dividend sustainability.
Quick answers to the most common questions about buying AUGO stock.
Aura Minerals (AUGO) generated $257.9M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Aura Minerals (AUGO) generated $78.5M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Aura Minerals (AUGO) spent $179.4M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Aura Minerals (AUGO) returned $115.8M to shareholders via cash dividends and spent $0.4M on share repurchases. This shows the company's commitment to returning capital to its equity investors.