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Since 2017, under new management, Aura is committed to a build a transformational turnaround story. That commitment has already taken us to more than 500% EBITDA growth, a market value multiplied by 12x and ADTV multiplied by 178x, that all in 3 years. A new strategic approach based on three pillars: good quality assets, strong balance sheet and business-building culture. Strongly and diligently founded on these pillars, Aura has sold non-strategic assets, merged with Rio Novo Gold, restarted Aranzazu project in Mexico doubling production at half of historical cash cost, redefined its cultural guidelines with focus on a 360 view, bought Gold Road project in Arizona, launched a very successful IPO in Brazil.
And still a lot to come, aiming to achieve its goal of at least double its production by 2024 with the current portfolio, paying dividends according to the recently implemented policy of 20% EBITDA (-) Sustaining & Exploration Capex and always maintaining a low debt ratio in order to ensure a safer growth path.