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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].
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]
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$2,410 per ounce [4][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6][8]. Group 3: Mineral Resource Estimates - The indicated mineral resources for the Era Dorada Project are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][19]. - The resource estimate includes a measured and indicated category of 6,349 kt at an average grade of 9.31 g/t for gold and 31.54 g/t for silver, containing 1,901 koz of gold and 6,439 koz of silver [19][21]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development since its acquisition by Goldcorp in 2006 [9][12]. - Bluestone Resources acquired the project in 2017 and has since drilled approximately 267 holes for a total of 45,725 meters [10][12].
Aura Minerals Agrees to Acquire the Mineração Serra Grande Gold Mine in Goiás, Brazil
Globenewswire· 2025-06-02 11:00
Core Viewpoint - Aura Minerals Inc. has entered into a Share Purchase Agreement with AngloGold Ashanti to acquire Mineração Serra Grande S.A., which owns the Serra Grande gold mine in Brazil, highlighting the company's strategy to enhance its portfolio and production capabilities [1][4]. Transaction Details - The transaction is expected to close by Q3 2025, and no later than Q4 2025 [3]. - Aura will pay an upfront cash consideration of US$ 76 million, subject to working capital adjustments, along with deferred payments equivalent to a 3% net smelter returns participation over the identified mineral resources [9]. - The transaction is contingent upon several conditions, including anti-trust approval from Brazilian authorities and the completion of a decommissioning process by AngloGold [9]. Mine Overview - The Serra Grande mine has produced over 3 million ounces of gold since 1998, with a peak production of 193,000 ounces in 2006, indicating its significant potential [4]. - The MSG operation includes three mechanized underground mines and an open pit, with a metallurgical plant that has an annual capacity of 1.5 million tons [5]. Mineral Resources - As of December 31, 2024, AngloGold reported total measured and indicated resources of 10.75 million tons of gold at an average grade of 3.14 g/t, equating to approximately 1.08 million ounces [6]. - Inferred mineral resources were reported at 12.95 million tons at an average grade of 3.39 g/t, amounting to about 1.4 million ounces [6]. Production Data - In 2024, the Serra Grande mine produced 80,000 ounces of gold, a decrease from 86,000 ounces in 2023 [7].