Gold and copper miner Aura Minerals Inc. (AUGO) opened at $24.50 – up just a quarter from its NASDAQ uplisting price – in its NASDAQ debut at 12:15 p.m. EDT today – Wednesday, July 16, 2025. Aura Minerals is the second mining company to make its NASDAQ debut this week – following the NASDAQ uplisting of tungsten miner Almonty Industries (ALM) on Monday, July 14. Almonty’s stock is trading today at $4.74 – up 24 cents from its $4.50 public offering price on Monday.
At the closing bell on Wednesday, July 16, 2025: Aura Minerals’ stock was flat at $24.25 on NASDAQ volume of about 1.89 million shares. Aura Minerals’ trading range for its NASDAQ debut had a session high of $24.80 and a session low of $23.50.
Aura Minerals priced its public offering – in connection with its NASDAQ uplisting – at US$24.25 and sold 8.1 million shares – to raise $196.44 million on Tuesday night, July 15, 2025.
BofA Securities and Goldman Sachs served as the global coordinators of Aura Minerals’ public offering. BTG Pactual and Itau BBA were the joint book-runners.
Aura Minerals’ ordinary shares are listed on the Toronto Stock Exchange (“TSX”) and its Brazilian Depositary Receipts (“BDRs”) are listed on the Brazilian Stock Exchange.
Mining Money
Aura Minerals (AUGO) has a registered office on the island of Tortola in the British Virgin Islands, where it is incorporated. The company’s head office – maintained through its wholly owned subsidiary, Aura Technical Services Inc. – is in Coconut Grove, Florida.
In the prospectus, Aura Minerals said it plans to use the U.S. public offering’s net proceeds as follows:
– US$76 million to fund the upfront cash payment for the MSG Acquisition – the Mineracao Serra Grande gold mine in Crixas, in the Brazilian state of Goias;
– US$100 million to provide liquidity and financial flexibility to support the execution of its strategic growth initiatives, including, but not limited to:
(1) US$90 million to further develop the Era Dorado gold deposit project in Guatemala and the Matupa Mine (the Matupa gold project) in Mato Grosso, Brazil, and exploration-stage projects such as the Carajas copper project in Brazil, and
(2) US$10 million for exploration initiatives to expand mineral reserves and resources of its portfolio.
Aura Minerals is not profitable, according to financial statements in the prospectus: Net loss of $94.3 million on revenue of $623.9 million for the 12 months that ended March 31, 2025.
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