Aura Minerals sets US IPO at $24.25 per share
The company expects to raise $196.4m from the offering, as reported by Reuters.
The net proceeds will be allocated to initiatives to strengthen its business: the acquisition of Mineração Serra Grande (MSG), advancing development projects such as Era Dorada and Matupá, and expanding mineral reserves through exploration.
The company has been approved to transfer its principal listing to the Nasdaq Global Select Market, a move expected to enhance the liquidity of its shares and diversify its investor base.
In early July 2025, the company stated that it was preparing to list its shares on the Nasdaq.
Underwriters have a 30-day option to purchase up to an extra 1.2 million shares at the offering price, minus discounts and commissions.
Global coordinators for the offering are BofA Securities and Goldman Sachs, with BTG Pactual and Itaú BBA as joint bookrunners.
Co-managers are Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank.
Aura has clarified that shareholders' preemptive rights are excluded as per the company's regulations. No preemptive rights will be granted to Brazilian Depositary Receipts holders concerning the public offering.
The offering is not considered a public offering in Brazil under local securities laws and regulations.
In June 2025, AngloGold Ashanti reached an agreement to sell its stake in the MSG mine in Goiás, Brazil, to Aura Minerals for $76m (R1.36bn) cash deal.
Aura's portfolio currently comprises five active mining operations: the Minosa gold mine in Honduras, the Almas, Apoena, and Borborema gold mines in Brazil, and the Aranzazu mine in Mexico.
In addition to these producing assets, the company holds the Era Dorada gold project in Guatemala and the Tolda Fria gold project in Colombia. Its Brazilian assets are the Matupá, São Francisco project and the Carajás copper projects.
"Aura Minerals sets US IPO at $24.25 per share" was originally created and published by Mining Technology, a GlobalData owned brand.
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