Aura Minerals Inc T.ORA

Aura Dividend 0.35US to be paid Dec 15th

[Canadian0620144]

Aura, Canadian shareholders of record Dec 9th, will recieve US 0.35 dividend aprox 0.44 CDN per share to be paid Dec 15th. Brazilian shareholders to be paid Dec 23rd.


  Aura Declares dividend of US$0.35 per share to be paid in December 2021 ROAD TOWN, British Virgin Islands, December 1, 2021 -- Aura Minerals Inc. (TSX: ORA, B3: AURA33) (“Aura” or the “Company”) announced today that the board of directors of the Company (the “Board”) has declared and approved the payment of a dividend (the “Dividend”) of US$0.35 per common share (approximately US$25.4 million in total). The Dividend is in respect of, and is based on Aura’s expected financial results for, the year ending December 31, 2021. In light of the Company’s financial position and strong liquidity (with cash and cash equivalents of approximately US$165 million as at September 30, 2021) and based on the Board’s assessment of the best interests of the Company and its shareholders, the Board has determined to accelerate payment of the dividend in respect of the year ending December 31, 2021, which under the Company’s dividend policy would normally be paid in Q2 2022. Under the Company’s dividend policy, the Company’s annual dividend is based on 20% of its annual Adjusted EBITDA1 less sustaining capital expenditures and exploration capital expenditures. The amount of the Dividend is based on the actual results for the first nine months of the year and the expected results for Q4 2021, including expected production, cash costs and sustaining and exploration capex for Q4 2021, all of which are in line with the Company’s latest guidance. For Q4 2021, the Company assumed metal prices consistent with the previous guidance included in its Q3 2021 MD&A2 . The Dividend will be paid on December 15, 2021 to shareholders of record as of the close of business on December 9, 2021 (“Record Date”). Shareholders of record whose address on the books of TSX Trust Company, the Company’s registrar and transfer agent, is in Canada will receive the Canadian dollar equivalent of the Dividend, based on the market exchange rate available to TSX Trust Company on the day before the payment date, net of fees. All other shareholders will receive the Dividend in US dollars. Holders of the Company’s Brazilian Depositary Receipts as of Record Date are expected to receive payment by December 23, 2021 and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future press release, in advance of its payment date. The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO, comments: “Aura continues to generate strong cash flows and we are proud to return part of it to our shareholders. We have distributed US$ 60 million in April this year and will distribute US$ 25 million in December, totaling US$ 85 million during the year and generating a dividend yield of about 13.5% for those who invested on our last follow-on at R$ 48.50 share in November 2020. We reaffirm our commitment to keep a strong dividend policy while growing our production base to close to 30% in 2021 and maintaining a healthy balance sheet and cash generation to move forward with our growth projects in the upcoming years.” Forward-Looking Information This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable

[Mrtkr1]

Has the dividend showed up on anyone's account yet? I wonder if it will happen right before midnight ET

[ExWelder85]

The div showed up in my RBC account at 12:01 am tonight (15th Dec) RBC is always right on time. Scotia itrade, a day later for some reason.  IS TD Ameritrade causing problems again?

[Mrtkr1]

Am on CIBC. I think they are usually on time so it's strange. Iv owned my shares for a long time so it's not related to that. Am sure it will show up in a few hours. Either that or I'll be yelling at CIBC tomorrow lol

[Kylemcc10]

Im with TD and haven't received it. And I always get dividends the exact payment day. 

[Mrtkr1]

Very strange. The dividend was for shareholders that owned on Dec 9 but the transaction need to close 3 days earlier. So at the latest, an individual must have purchased it on Dec 6. Did you purchase on or before Dec 6?

[Kylemcc10]

Purchased in November 

[ExWelder85]

TD always seems to be common issue.  Have you recieved your div. yet? 

[Kylemcc10]

Nope. Never had issues with td. I've heard of delays with cibc but I'll give them a cal. 

[yellowgulch]

Happy Beethoven's 251st birthday (16 December 1770). Nothing yet deposited into my Etrade account...

[yellowgulch]

uhhhh whoops - plz make that 250th BD!

[Mrtkr1]

Yup you should most definitely receive it. I haven't got anything yet and my shares are old

[Mrtkr1]

Just got it. 2 days late with CIBC but it's there

[Kylemcc10]

Same. All is good