Aura Minerals, a gold and copper miner with operations throughout Latin America, filed on Friday with the SEC for an initial public offering. We estimate the company could raise as much as $200 million in its US IPO.
The company is currently listed on the Toronto Stock Exchange (TSX) under the ticker ORA, and on Brazil's B3 exchange under the ticker AURA33.
The gold and copper mining company highlights its combination of strategic acquisitions, mine expansions, and development and efficiency improvements. It operates four wholly-owned operating mines and one mine in ramp-up phase. Its operating mines are the Aranzazu copper-gold-silver mine in Mexico, the Apoena and Almas gold mines in Brazil, and the Minosa gold mine in Honduras.
The Coconut Grove, FL-based company was founded in 1946 and booked $624 million in sales for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol AUGO. Aura Minerals filed confidentially on April 15, 2025. BofA Securities, Goldman Sachs, BTG Pactual, and Itau BBA are the joint bookrunners on the deal. No pricing terms were disclosed.
