Aura Minerals, a gold and copper miner with operations throughout Latin America, announced terms for its IPO on Monday.
The Coconut Grove, FL-based company plans to raise $210 million by offering 8.1 million shares at $25.92, the as-converted July 4 close of its shares on the Toronto Stock Exchange (ORA). The company is also currently listed on the Brazilian B3 (AURA33). At the proposed price, Aura Minerals would command a market value of $2.1 billion.
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. It primarily generates revenue from gold and to a lesser extent copper, with operations roughly evenly split between Brazil, Mexico, and Honduras.
Aura Minerals was founded in 1946 and booked $624 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol AUGO. BofA Securities, Goldman Sachs, BTG Pactual, and Itau BBA are the joint bookrunners on the deal. It is expected to price during the week of July 14, 2025.
