SCHEDULE: Kapitalo Group Discloses Significant Aura Minerals Stake

A group of Brazilian investment entities and individuals have disclosed beneficial ownership of over 5% of Aura Minerals Inc.'s common shares.

Summary

• Kapitalo Investimentos Ltda., Kapitalo Ciclo Gestora de Recursos Financeiros Ltda., and four individuals (Carlos Leonhard da Rocha Woelz, Bruno Sousa Mauad, Hegler Jose Horta Barbosa Filho, and Bruno Carvalho Cordeiro) have filed a Schedule 13G with the SEC.
• The filing reports beneficial ownership of common shares of Aura Minerals Inc.
• The event date triggering this filing was September 30, 2025.
• The reporting persons collectively hold significant stakes: Carlos Leonhard da Rocha Woelz, Bruno Sousa Mauad, and Hegler Jose Horta Barbosa Filho each beneficially own 5,792,535 shares (7.0% of the class).
• Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. and Bruno Carvalho Cordeiro each beneficially own 4,757,822 shares (5.8% of the class).
• Kapitalo Investimentos Ltda. beneficially owns 4,701,125 shares (5.7% of the class).
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Aura Minerals Inc.
• All reported securities are directly owned by advisory clients of Kapitalo Investimentos Ltda. and Kapitalo Ciclo Gestora de Recursos Financeiros Ltda., with no single client known to beneficially own more than 5% of the common shares.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, with no explicit positive or negative operational or financial news for the issuer.

Positives

• The disclosure of significant beneficial ownership by a group of institutional and individual investors may signal confidence in Aura Minerals Inc.
• The explicit statement that the shares were acquired in the ordinary course of business and not for the purpose of influencing control provides clarity on the investors' current intentions.

Risks

• While the filing explicitly states the securities were not acquired for the purpose of changing or influencing control, any significant ownership stake inherently carries the potential for future influence on corporate governance or strategic direction.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein.

Industry Context

This filing indicates continued investor interest in the mining sector, specifically in companies like Aura Minerals Inc. The involvement of Brazilian investment entities and individuals suggests a regional or specialized focus on the company's operations or market.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership stakes, potentially signaling confidence from institutional and individual investors.
• Management: Awareness of a substantial block of shares held by a group, though the group disclaims intent to influence control.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by a group of Brazilian investment entities and individuals. While it indicates significant investor interest in Aura Minerals Inc., with several parties holding over 5% individually or as part of a group, the filing explicitly states that the shares were acquired in the ordinary course of business and not for the purpose of influencing control. As such, it provides no new operational or financial information about Aura Minerals Inc. that would warrant a change in investment thesis. Investors should 'hold' and monitor future disclosures for any shifts in intent or further accumulation.

Keywords

Aura Minerals Inc., Kapitalo Investimentos, Kapitalo Ciclo, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Shares, SEC Filing, Mining Sector, Brazil