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Augo (usa) - Gold Producer Up 1,000% Since 2023

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AUGO (USA) - Gold Producer Up 1,000% Since 2023

Aura Minerals Inc. NASDAQ:AUGO

Aura Minerals has been an absolute standout in the materials sector, posting a gain of roughly 420% over the past year and a massive 1,000% since the start of 2023. This mid-tier miner has operations spanning across Brazil, Mexico, and Honduras, focusing primarily on gold and copper production.

From a fundamental perspective, the momentum has been fuelled by record-breaking production results and high gold prices. The company recently upgraded its growth outlook significantly, aiming for over 600,000 ounces of gold equivalent production annually. This optimism is backed by the successful integration of the Serra Grande mine in Brazil and the ramp-up of their Borborema project. The recent pullback in the share price was linked heavily to the overall market drop and of course profit taking from investors cashing in.

Looking at the chart, the price didn't drop much below its 20-day moving average despite the overall market drop which is promising, and both the RSI and MACD have retreated from overbought extremes, which will attract investors back in.

Need to wait to see what the Gold price does over the next few days, but if it gains value then this stock might be well worth a look.

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PLEASE NOTE: Nothing I post is trading advice. All investing involves risk, and past performance doesn’t predict future results. Trends can and do end. For 2026, my goal is to try and post one new asset each day. Something outside the usual gold, silver, BTC, or big tech names. I like to find stocks worldwide showing steady trends with some good gains, a recent pullback, and signs of renewed strength. I don’t necessarily hold positions in these. They are simply companies I find interesting at the time of posting. I’ll often revisit them within a week to see how they went and share any updates. If you enjoy these posts, please BOOST and FOLLOW ME to discover more under-the-radar stocks and businesses from around the world.
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