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Aura Announces Pricing of U.S. Initial Public Offering
Globenewswire· 2025-07-15 23:48
Core Viewpoint - Aura Minerals Inc. has priced its U.S. initial public offering (IPO) of 8,100,510 common shares at a price of US$24.25 per share, aiming to enhance liquidity and diversify its shareholder base through access to global capital markets [1][2]. Group 1: Offering Details - The primary purpose of the offering is to transfer Aura's principal listing to a U.S. stock exchange, which is expected to increase liquidity and broaden the shareholder base [2]. - The common shares have been approved for listing on the Nasdaq Global Select Market under the ticker symbol "AUGO," with trading set to begin on July 16, 2025 [4]. - The offering is expected to settle on or about July 17, 2025, subject to customary closing conditions [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for several purposes, including funding the upfront cash payment for the acquisition of Mineração Serra Grande S.A. (MSG) and any potential capital expenditures at MSG [3]. - Additional uses of the proceeds include providing liquidity for strategic growth initiatives, advancing development projects like Era Dorada and Matupá, and exploration initiatives to expand mineral reserves [3]. Group 3: Underwriters and Regulatory Information - BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, with BTG Pactual and Itaú BBA as Joint Bookrunners [5]. - A registration statement for the offering has been filed and declared effective by the U.S. Securities and Exchange Commission [7].
Aura Announces Launch of U.S. Public Offering
Globenewswire· 2025-07-07 21:16
Core Viewpoint - Aura Minerals Inc. is launching a public offering of common shares in the United States, aiming to raise approximately US$210 million based on recent share prices and exchange rates [2]. Group 1: Offering Details - The public offering is based on a registration statement filed with the U.S. SEC and is expected to list on the Nasdaq Global Select Market under the symbol "AUGO" [2]. - Aura plans to grant underwriters a 30-day option to purchase additional common shares at the public offering price [2]. - The offering will be conducted in the U.S. only through a prospectus, with preliminary copies available from BofA Securities [4]. Group 2: Underwriters and Management - BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, while BTG Pactual and Itaú BBA serve as Joint Bookrunners [3]. - Additional Co-Managers include Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets, and Scotiabank [3]. Group 3: Regulatory Considerations - The registration statement has been filed with the SEC but is not yet effective, meaning securities cannot be sold until it becomes effective [5]. - The offering will not be registered with the Brazilian Securities Commission, and no prospectus has been filed in Canada, limiting the offering to private placements for accredited investors [7][8]. Group 4: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including mines in Honduras, Brazil, and Mexico [10]. - The company also has several projects in various stages of development and exploration across Central and South America [10].
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2025 Financial Results
Globenewswire· 2025-07-07 12:40
Core Viewpoint - Ormat Technologies Inc. is set to release its second quarter financial results on August 6, 2025, followed by a conference call on August 7, 2025, to discuss these results [1]. Company Overview - Ormat Technologies, Inc. is a leading geothermal and renewable energy company with over six decades of experience [4]. - The company is the only vertically integrated entity engaged in geothermal and recovered energy generation (REG) [4]. - Ormat has a total generating portfolio of 1,558 MW, which includes 1,268 MW from geothermal and solar generation and 290 MW from energy storage [4]. - The company operates globally, with projects in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe [4]. - Ormat is expanding its activities into energy storage services and solar photovoltaic (PV) systems [4].
Total number of shares and voting rights at June 30, 2025
Globenewswire· 2025-07-04 16:00
Core Points - The article discusses the total number of shares and voting rights of Orange, in compliance with French commercial regulations [1] - A double voting right is granted to fully paid-up shares held in registered form for at least two years, effective from April 3, 2016 [1] Summary by Category Share Information - As of January 31, 2025, Orange has a total of 2,660,056,599 shares, with 3,835,000 treasury shares without voting rights, resulting in 3,172,669,760 theoretical voting rights and 3,169,834,760 exercisable voting rights [2] - By June 30, 2025, the total number of shares remains the same at 2,660,056,599, with treasury shares decreasing to 1,456,848, leading to 3,180,452,886 theoretical voting rights and 3,178,996,038 exercisable voting rights [2] Voting Rights - The number of theoretical voting rights fluctuates slightly over the months, starting from 3,172,669,760 in January 2025 and reaching 3,180,452,886 by June 2025 [2] - The number of exercisable voting rights also shows a similar trend, starting at 3,169,834,760 in January and increasing to 3,178,996,038 by June [2]
Ormat Announces the Completion of Its Acquisition of the Blue Mountain Geothermal Power Plant From Cyrq Energy
Globenewswire· 2025-06-18 12:40
Core Viewpoint - Ormat Technologies, Inc. has successfully acquired the Blue Mountain geothermal power plant for $88 million, enhancing its renewable energy portfolio and generating capacity [1][2][3] Group 1: Acquisition Details - The acquisition involved 100% equity interest in the 20MW Blue Mountain geothermal power plant located in Nevada [1][2] - The plant currently operates under a Power Purchase Agreement (PPA) with NV Energy, which is set to expire at the end of 2029 [2] - Ormat plans to upgrade the plant's capacity by approximately 3.5MW and is considering adding a 13MW solar facility, pending necessary approvals [2][3] Group 2: Strategic Implications - The acquisition is part of Ormat's strategy to enhance its generation capacity and revenue potential through upgrades and new projects [3][6] - The overall transaction was financed through bank debt, indicating a strategic financial approach to support growth [2] Group 3: Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over 60 years of experience, focusing on geothermal and recovered energy generation [4] - The company has a total generating portfolio of 1,558MW, including 1,268MW from geothermal and solar sources globally [4][6] - Ormat is also expanding into energy storage services and solar photovoltaic (PV) solutions, aiming to establish a strong position in the U.S. energy storage market [4]
Aura Minerals Inc. Announces Results of 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-06-16 23:02
Group 1 - Aura Minerals Inc. held its Annual General Meeting of Shareholders on June 16, 2025, via live webcast [1] - The voting results for the election of directors showed high approval rates, with Paulo de Brito receiving 99.943% of votes in favor [3] - KPMG LLP was appointed as the auditors of the Company with 99.978% of votes in favor for their remuneration to be fixed by the board [4] Group 2 - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas [6] - The Company operates five assets: Minosa gold mine in Honduras, Almas, Apoena, and Borborema gold mines in Brazil, and Aranzazu copper, gold, and silver mine in Mexico [6] - Additional projects include Era Dorada in Guatemala, Tolda Fria in Colombia, and three projects in Brazil: Matupá (under development), São Francisco (in care and maintenance), and Carajás copper project (in exploration phase) [6]
Orange: Orange issues 750 million euros of hybrid notes
Globenewswire· 2025-06-12 16:04
Core Viewpoint - Orange S.A. has successfully issued €750 million in undated deeply subordinated fixed to reset rate notes with a fixed coupon of 3.875% until the first reset date, aimed at managing its hybrid portfolio and providing liquidity to existing noteholders [1][2][3] Group 1: Issuance Details - The new notes are intended for trading on Euronext Paris and are expected to receive ratings of BBB-/Baa3/BBB- from major rating agencies [2] - The first call date for the new notes is set for March 24, 2032 [1] - The issuance is part of a tender offer to repurchase existing notes, with a maximum acceptance amount not exceeding €750 million [2][3] Group 2: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a global workforce of 125,800 employees as of March 31, 2025 [10] - The company serves a total customer base of 294 million, including 256 million mobile customers and 22 million fixed broadband customers [10] - Orange operates in 26 countries and is also a significant provider of IT and telecommunications services to multinational companies under the brand Orange Business [11]
Orange: Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on some of its outstanding hybrid notes
Globenewswire· 2025-06-12 06:45
Core Viewpoint - Orange S.A. plans to issue a new series of Euro-denominated hybrid notes and launch a tender offer for some of its outstanding hybrid notes to proactively manage its hybrid portfolio [1][3]. Group 1: New Notes Issuance - The new Euro-denominated undated deeply subordinated fixed to reset rate notes will have a first call date of June 24, 2032 [1]. - Pricing for the new notes is expected to be announced later today, with anticipated ratings of BBB-/Baa3/BBB- from S&P, Moody's, and Fitch, respectively, and an equity content of 50% [2]. - The new notes will be admitted to trading on Euronext Paris [2]. Group 2: Tender Offer - The tender offer aims to repurchase existing hybrid notes, with a maximum acceptance amount expected to match the amount of the new notes [2][3]. - The tender offer will expire at 4:00 PM Paris time on June 19, 2025, with results announced on June 20, 2025 [4]. - Qualifying holders can sell their existing notes ahead of their respective upcoming first reset date and apply for priority in the allocation of the new notes [3]. Group 3: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 125,800 employees worldwide as of March 31, 2025 [12]. - The company serves a total customer base of 294 million globally, including 256 million mobile customers and 22 million fixed broadband customers [12]. - Orange operates in 26 countries and is also a prominent provider of global IT and telecommunication services to multinational companies under the brand Orange Business [13].
Aura Minerals Announces the Results of the Preliminary Economic Assessment for the Era Dorada Project
Globenewswire· 2025-06-10 01:49
Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, indicating strong economic potential for the underground mining operation with significant projected returns [1][4]. Group 1: Project Overview - The Era Dorada Project, previously known as the Cerro Blanco Project, is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and near the El Salvador border [2][5]. - The project covers an area of 15.25 km and is situated entirely within the municipality of Asunción Mita, which has a population of about 18,500 [5][7]. - The project is accessible year-round via the Pan-American Highway and features a tropical dry forest climate with elevations between 450–560 meters above sea level [6]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of approximately US$264 million, with an after-tax net present value (NPV) of US$485 million and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [4][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6][8]. Group 3: Mineral Resource Estimates - The indicated mineral resources for the Era Dorada Project are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][19]. - The resource estimate includes a measured and indicated category of 6,349 kt at an average grade of 9.31 g/t for gold and 31.54 g/t for silver, containing 1,901 koz of gold and 6,439 koz of silver [19][21]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development since its acquisition by Goldcorp in 2006 [9][12]. - Bluestone Resources acquired the project in 2017 and has since drilled approximately 267 holes for a total of 45,725 meters [10][12].
Why Is Ormat Technologies (ORA) Up 1.4% Since Last Earnings Report?
ZACKS· 2025-06-06 16:37
Company Overview - Ormat Technologies (ORA) shares have increased by approximately 1.4% since the last earnings report, underperforming the S&P 500 [1] - The most recent earnings report is essential for understanding the key drivers of the company's performance [1] Earnings Estimates - Fresh estimates for Ormat Technologies have remained flat over the past month [2] VGM Scores - Ormat Technologies has a Growth Score of B, a Momentum Score of D, and a Value Score of B, placing it in the top 40% for the value investment strategy [3] - The aggregate VGM Score for the stock is B, which is relevant for investors not focused on a single strategy [3] Outlook - Ormat Technologies holds a Zacks Rank of 2 (Buy), indicating expectations for above-average returns in the coming months [4] Industry Performance - Ormat Technologies is part of the Zacks Alternative Energy - Other industry, where Clearway Energy (CWEN) has seen a gain of 5.4% over the past month [5] - Clearway Energy reported revenues of $298 million for the last quarter, reflecting a year-over-year increase of 13.3%, with an EPS of $0.03 compared to -$0.02 a year ago [5] - For the current quarter, Clearway Energy is projected to post earnings of $0.70 per share, indicating a year-over-year change of 62.8% [6]