BRITISH VIRGIN ISLANDS —Aura Minerals Inc. has secured a USD 200 million syndicated credit agreement at the parent company level, locking in a five-year term with a two-year grace period on principal repayments. The financing carries an annual interest rate set at SOFR plus 2.70 percent, with Citigroup Global Markets Inc. and Itaú BBA Assessoria Financeira S.A. acting as joint lead arrangers and bookrunners. The company will utilize the proceeds to finance operating prepayments and satisfy supplier obligations across its regional subsidiaries.
This capital influx directly addresses liquidity management while enabling the corporate group to scale up operational output toward a medium-term production target exceeding 600,000 gold equivalent ounces annually. By tapping international bank syndication, the organization strengthens its balance sheet flexibility while advancing key developmental assets, including the Era Dorada site and capacity expansions at the Almas and Borborema facilities.
The expansion strategy carries broad implications for the precious and base metals sector across Latin America, where mining operators face rising capital requirements to sustain resource output. Aura Minerals operates six active gold and base metal sites across Honduras, Brazil, and Mexico, alongside multiple development projects in Guatemala, Colombia, and Brazil.
For market participants, the successful placement underlines sustained banking sector interest in supporting cost-competitive mining operations with established cash generation capabilities. Accessing multi-year syndicated liquidity allows resource producers to insulate development timelines from short-term market volatility while executing liability management and infrastructure enhancements.
