Canadian gold and copper miner Aura Minerals is preparing to list its shares on the Nasdaq stock exchange under the symbol “AUGO.” The company aims for a valuation of $2.14 billion and plans to raise about $210 million by selling 8.1 million common shares.
The funds raised will support Aura’s strategic growth, including a $76 million cash payment to acquire the Serra Grande gold mine in Brazil from AngloGold Ashanti. The acquisition comes amid a surge in gold prices, which have reached record highs above $3,500 per ounce in 2025, benefiting mining companies like Aura.
Aura Minerals already trades on exchanges in Canada and Brazil and has seen its market value more than double this year to approximately C$2.7 billion ($2 billion) in Toronto. The Nasdaq listing is expected to improve liquidity and give the company access to larger U.S. capital markets where mining stocks often achieve higher valuations.
The offering is led by BofA Securities and Goldman Sachs, with BTG Pactual and Itaú BBA as joint bookrunners. Aura’s founder, Paulo Carlos de Brito, maintains about 53% ownership of the company.
The company’s shares are set to begin trading on Nasdaq’s Global Select Market around July 15, 2025. The move aims to expand Aura’s investor base and capitalize on renewed investor interest in gold mining, which has seen large inflows following gold’s strong price rally this year.
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