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Aura Minerals Seeks $210 Million in US Listing for Expansion
ByAinvest
Monday, Jul 7, 2025 6:03 pm ET1min read
Aura Minerals, a gold and copper miner, is seeking to raise $210 million through a US listing. The company will offer 8.1 million shares, with the offer price determined relative to the Toronto Stock Exchange-listed shares. Proceeds will fund the acquisition of Mineração Serra Grande SA from AngloGold Ashanti. Aura has mines in Mexico, Honduras, Colombia, and Brazil, and its revenue is split equally between gold and gold-copper concentrate.
Aura Minerals Inc., a gold and copper miner, is set to raise approximately $210 million through a US listing. The company plans to offer 8.1 million shares in the deal, with the offer price determined relative to the closing price of its Toronto Stock Exchange-listed shares on the day before the pricing date [1].The US listing will be led by Bank of America Corp. and Goldman Sachs Group Inc., with the shares expected to trade on the Nasdaq Global Select Market under the symbol AUGO [2]. Proceeds from the listing will be used to fund the $76 million cash component of the acquisition of Mineração Serra Grande SA from AngloGold Ashanti Plc [1].
Aura has a diverse mining portfolio, with operations in Mexico, Honduras, Colombia, and Brazil. The company derived approximately two-thirds of its revenue from gold and the remaining third from gold-copper concentrate in the 12 months ending March 31, 2025 [1].
Despite a net loss of $73.2 million in the first quarter of 2025, Aura has seen its market value more than double this year, reaching C$2.7 billion ($2 billion) on the Toronto Stock Exchange [1]. The company's founder, Paulo Carlos de Brito, holds approximately 53% of the outstanding stock [1].
The offering is expected to be priced on July 15, 2025, and is subject to the SEC's review process [2]. Aura's focus on "360° Mining" emphasizes holistic business strategies that benefit all stakeholders [2].
References:
[1] https://www.bloomberg.com/news/articles/2025-07-07/gold-miner-aura-minerals-seeks-210-million-in-us-listing
[2] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/585-tsx/ora/183248-aura-announces-launch-of-u-s-public-offering.html
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