Latest news with #MineraçãoSerraGrande
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Aura Announces Pricing of U.S. Initial Public Offering
ROAD TOWN, British Virgin Islands, July 15, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) ('Aura' or the 'Company') today announced that it has priced its U.S. initial public offering of 8,100,510 common shares at a public offering price of US$24.25 per common share. The principal purposes of this offering are to transfer Aura's principal listing venue to a stock exchange in the United States equity market, which the Company believes will increase the liquidity of its common shares, as well as strengthen and diversify its shareholder base through broader access to global capital markets. In addition to the listing, Aura intends to use the net proceeds from the offering to continue strengthening its business, which includes (A) funding the component of the upfront cash payment for the acquisition of Mineração Serra Grande S.A. ('MSG'), upon and subject to closing, and any potential incremental capital expenditures required at MSG, as well as (B) providing incremental liquidity and financial flexibility to support the execution of its current strategic growth initiatives, including, but not limited to: (i) the potential advancement of its current development projects, such as Era Dorada and Matupá; and (ii) exploration initiatives to expand mineral reserves and resources of its portfolio, and (C) the remainder for general corporate purposes. The Company's common shares have been approved for listing on the Nasdaq Global Select Market and will start trading on July 16, 2025 under the ticker symbol 'AUGO'. The offering is expected to settle on or about July 17, 2025, subject to customary closing conditions. In connection with the offering, Aura has granted to the underwriters a 30-day option to purchase up to an additional 1,215,077 common shares at the public offering price, less underwriting discounts and commissions. BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, BTG Pactual and Itaú BBA are acting as Joint Bookrunners and Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank are acting as Co-Managers of the offering. The offering is being made in the United States only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from BofA Securities, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department. A registration statement relating to this offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This communication to the market shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Shareholders' preemptive rights in new shares issuances, such as the offering, are expressly excluded pursuant to the Company's memorandum and articles of association. There will be no pre-emptive right for the Brazilian Depositary Receipts holders in connection with the public offering. The offering will not be carried out by any means that would constitute a public offering in Brazil under Law No. 6,385, dated December 7, 1976, as amended, and under Brazilian Securities Commission ('CVM') Resolution (Resolução) No. 160, dated July 13, 2022, as amended ('CVM Resolution 160'). The offering has not been and will not be registered with the CVM in Brazil. The common shares may not be offered or sold in Brazil except in circumstances which do not constitute a public offering for distribution under Brazilian securities laws and regulations. No prospectus has been filed with any securities commission or similar regulatory authority in Canada in connection with this offering. The offering will not be made available to the public in Canada. Any offering into Canada will be made exclusively by way of a private placement pursuant to an exemption from the prospectus requirements of applicable Canadian provincial and territorial securities laws and is subject to receipt of approval from the TSX. In Canada, only investors purchasing, or deemed to be purchasing, as principal that are accredited investors (as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario)) and are permitted clients (as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations) are eligible to invest. About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The Company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the Company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase. Caution Regarding Forward-Looking Information and Statements This press release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws and/or "forward-looking statements" within the meaning of applicable United States securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events or future performance and reflect the Company's current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to: statements relating to the public offering of the Company's common shares; the expected timing of the public offering; the registration and listing of the Company's common shares in the United States; the means by which the offering will be made; and the Company's business strategies. Often, but not always, forward-looking statements may be identified by the use of words such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements in this press release are based upon, without limitation, the following estimates and assumptions: the Company carrying out its public offering; the Company successfully completing the SEC review process; obtaining requisite regulatory approvals; and general business, economic and market conditions. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to vary, include, without limitation, that the Company may not carry out its public offering or complete the SEC review process. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information, except in accordance with applicable securities laws.
Yahoo
25-06-2025
- Business
- Yahoo
AngloGold Ashanti Sells Brazilian Mine for $76 Million to Aura Minerals
AngloGold Ashanti (NYSE:AU) is one of the best-performing NYSE stocks to buy now. Earlier on June 3, 2025, AngloGold Ashanti reached an agreement to sell its interest in the Mineração Serra Grande mine in Goiás (Brazil) to Aura Minerals. The deal is valued at $76 million in cash, with additional deferred consideration payments consisting of a 3% net smelter return on the mine's mineral resources. The transaction is expected to finalize in Q3 2025, pending regulatory approvals from Brazilian authorities, the completion of certain pre-closing obligations, and no material adverse events. The Mineração Serra Grande mine is located near the city of Crixás and is a gold mine that has been in operation since 1987. It comprises 3 mechanized underground mines and an open pit, supported by a metallurgical plant with an annual capacity of 1.5 million tonnes. A group of miners in hard hats and safety gear descending into a deep coal mine. Despite recent efforts to stabilize operations, including the near-completion of decommissioning at its legacy tailings storage facility, the mine remains one of AngloGold Ashanti's higher-cost and smallest operations in terms of production. In 2024, Mineração Serra Grande produced 80,000 ounces of gold, a slight decrease from 86,000 ounces in 2023. As part of the sale agreement, certain subsidiaries currently under the Mineração Serra Grande operations that hold non-operational assets will be spun off and retained by AngloGold Ashanti. AngloGold Ashanti (NYSE:AU) is a gold mining company in Africa, Australia, and the Americas. It primarily explores for gold, as well as by-products, such as silver and sulphuric acid. While we acknowledge the potential of AU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Melden Sie sich an, um Ihr Portfolio aufzurufen.
IOL News
02-06-2025
- Business
- IOL News
AngloGold Ashanti agrees to sell Mineração Serra Grande mine to Aura Minerals for R1. 4bn
AngloGold Ashanti has entered into an agreement to sell its Mineração Serra Grande mine (MSG) in Goiás, Brazil, to Aura Minerals. AngloGold Ashanti has entered into an agreement to sell its Mineração Serra Grande mine (MSG) in Goiás, Brazil, to Aura Minerals. The transaction involves the sale of Mineração Serra Grande, which owns MSG, to a Brazilian affiliate of Aura for a cash payment of $76 million (R1.4 billion) at closing, subject to working capital adjustments, and deferred payments equivalent to a 3% net smelter returns royalty on MSG's current Mineral Resource, including Mineral Reserves, paid quarterly in cash. MSG, one of AngloGold Ashanti's smaller and higher-cost operations, has focused recently on stabilising operations, including the near-complete decommissioning of its legacy tailings storage facility. 'This sale sharpens our focus on capital allocation, operating efficiencies, and portfolio optimization,' said AngloGold Ashanti CEO Alberto Calderon. 'We've ensured MSG and its team join a responsible operator in Aura, benefiting all stakeholders.' The transaction excludes certain subsidiaries holding non-mining assets, such as properties, which will remain with AngloGold Ashanti through a pre-closing spin-off. The deal is subject to conditions, including Brazilian anti-trust approval, completion of the tailings facility decommissioning, the subsidiaries' transfer, and no material adverse events. Closing is expected in quarter three 2025. About MSG Located 5km from Crixás in Goiás, MSG comprises three underground mines, an open pit, and a 1.5 million tonnes annual capacity metallurgical plant. As of December 31, 2024, MSG's Mineral Resources include 1.08 million ounces (Moz) (Measured & Indicated) at 3.14 g/t and 1.41 Moz (Inferred) at 3.39 g/t, with Proven & Probable Reserves of 0.37 Moz at 2.72 g/t. In 2024, MSG produced 80 koz of gold (2023: 86 koz). About Aura Aura, incorporated in the British Virgin Islands and listed on the Toronto and Brazil Stock Exchanges, operates five mines across the Americas, including three gold mines in Brazil, a copper-gold-silver mine in Mexico, and a gold mine in Honduras, alongside development projects in Brazil and Guatemala. BUSINESS REPORT
National Post
02-06-2025
- Business
- National Post
AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine
Article content LONDON & DENVER & JOHANNESBURG — AngloGold Ashanti plc ('AngloGold Ashanti', 'AGA' or the 'Company') has agreed to sell its interest in Mineração Serra Grande mine ('MSG') located in the state of Goiás, Brazil, to Aura Minerals Inc. ('Aura'). Article content Article content The Company will sell Mineração Serra Grande S.A. ('Sale'), which owns MSG to a Brazilian incorporated affiliate of Aura ('Purchaser') for the following consideration: Article content A cash consideration of $76 million on closing subject to certain working capital adjustments as at the closing date; and Deferred Consideration Payments equivalent to a 3% net smelter returns participation over the current Mineral Resource of MSG inclusive of the Mineral Reserve – these Deferred Consideration Payments will be paid quarterly in cash. Article content The recent focus at MSG has been on stabilizing the operations including the decommissioning of the legacy tailings storage facility ('TSF Decharacterization') which is nearing completion. However, MSG remains one of AGA's higher cost and its smallest operation by production. Article content 'This sale ensures we further sharpen our focus on capital allocation, operating efficiencies and the optimization of our portfolio,' said AngloGold Ashanti CEO Alberto Calderon. 'We've also worked hard to ensure that MSG and its excellent team joins an established company which will continue to be responsible stewards of this asset for the benefit of all stakeholders.' Article content The Sale excludes certain subsidiaries of Mineração Serra Grande S.A which hold assets that do not form part of MSG's mining operations and include properties. These will remain in the AGA group and will be transferred from under Mineração Serra Grande S.A. by means of a spin-off prior to closing ('MSG Subsidiaries Transfer'). Article content The Disposal is subject to the fulfilment of the following conditions: Article content i. Anti-trust approval from the Brazilian authorities (CADE); ii. The completion of the TSF Decharacterization work; iii. The completion of the MSG Subsidiaries Transfer; and iv. No Material Adverse Event occurring prior to closing. Article content It is expected that all the conditions will be fulfilled, and the Sale is expected to close during Q3 2025. Article content ABOUT MSG Article content MSG is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant with an annual capacity of 1.5 Mt. Article content As at 31 December 2024, MSG has an exclusive Measured & Indicated Mineral Resource of 1.08 Moz at an average grade of 3.14 g/t, an exclusive Inferred Mineral Resource of 1.41 Moz at an average grade of 3.39 g/t and Proven & Probable Mineral Reserve of 0.37 Moz at an average grade of 2.72 g/t. In 2024, MSG produced 80 koz of gold (2023: 86 koz). Article content ABOUT AURA Article content Aura is incorporated in the British Virgin Islands and is listed on the Toronto Stock Exchange and the Brazil Stock Exchange (B3). Aura is a high growth mid-tier gold and copper producer operating five mines across the Americas: a copper-gold-silver mine in Mexico, three gold mines in Brazil, and a gold mine in Honduras. In addition, Aura holds two development projects in Brazil and recently acquired a gold development asset in Guatemala. Article content Forward-looking statements Article content Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as 'believe', 'expect', 'aim', 'anticipate', 'intend', 'foresee', 'forecast', 'predict', 'project', 'estimate', 'likely', 'may', 'might', 'could', 'should', 'would', 'seek', 'plan', 'scheduled', 'possible', 'continue', 'potential', 'outlook', 'target' or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. Article content Article content Article content Article content Article content
