Commodity Price Volatility: Exposure to fluctuations in gold and copper prices directly impacts Aura Minerals' revenues, profitability, and cash flow, as the company is a primary producer of these metals.

Operational Risks in Mining: Mining operations are inherently complex and subject to risks such as unexpected geological conditions, equipment failures, processing plant downtime, labor disruptions, lower-than-anticipated ore grades, and cost overruns, which can negatively affect production targets and costs.

Political and Jurisdictional Instability: Aura Minerals operates in Latin America, exposing it to potential political changes, policy shifts, increased taxation, social unrest, and regulatory uncertainty that could adversely impact its mining permits, operational costs, or ability to repatriate earnings.