Aura Minerals plans $210 million US listing on Nasdaq to expand investor base

Aura Minerals, a gold and copper producer, plans to raise $210 million through a U.S. listing on the Nasdaq Global Select Market, offering 8.1 million shares under the ticker AUGO. The move aims to expand investor base beyond Canada and Brazil, with proceeds funding recent acquisitions and further operations in Brazil.

Founder Paulo Carlos de Brito retains majority control of Aura, operating in Brazil, Mexico, Honduras, Colombia, and developing a project in Guatemala. The company’s “360° Mining” philosophy emphasizes sustainability, community engagement, and integrated value creation, attracting attention as one of the top mining stocks for 2024.

The gold sector benefits from geopolitical instability, inflation hedging, and central bank buying, with spot gold prices up 26.5% in 2025. JPMorgan forecasts gold could average $3,675/oz in Q4 2025, reaching over $4,000 by 2026, supporting bullish sentiment in gold equities like Aura.

Bank of America and Goldman Sachs are leading Aura’s U.S. offering, with the final offer price based on the TSX closing price on July 14. The company’s momentum in 2025 has been strong, with its stock rising nearly 100% year-to-date and reaching a market capitalization of CA$2.67 billion ($1.96 billion).

Read more at Yahoo Finance: Benzinga’s Top Pick Aura Minerals Eyes $210 Million US Listing