Aura Minerals completes $196 million US IPO, lists on Nasdaq

Published 17/07/2025, 23:04
© Nir Slakman, Ormat Technologies PR

Aura Minerals Inc. (AUGO) (ORA) (B3: AURA33) closed its U.S. initial public offering of 8,100,510 common shares at $24.25 per share, the company announced.

The mining company raised approximately $196 million through the offering, which transferred its principal listing venue to the United States equity market. Aura’s common shares began trading on the Nasdaq Global Select Market under the ticker symbol "AUGO" on July 16.

The company stated it intends to use the net proceeds to fund the upfront cash payment for the acquisition of Mineração Serra Grande S.A., provide liquidity for strategic growth initiatives including the advancement of its Era Dorada and Matupá development projects, and support general corporate purposes.

Aura granted 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 served as Global Coordinators for the offering. BTG Pactual and Itaú BBA acted as Joint Bookrunners, while Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank served as Co-Managers.

The British Virgin Islands-based company operates five mining assets including 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. The company also owns several development and exploration projects across the Americas.

The offering was conducted exclusively in the United States through a prospectus registered with the U.S. Securities and Exchange Commission. The company noted that shareholders’ preemptive rights in new share issuances were excluded under its memorandum and articles of association.

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