Benzinga's Top Pick Aura Minerals Eyes $210 Million US Listing

Gold and copper producer Aura Minerals (OTCQX:ORAAF) is preparing to raise approximately $210 million through a U.S. listing, aiming to expand its investor base beyond current markets in Canada and Brazil.

The company plans to offer 8.1 million shares and will list on the Nasdaq Global Select Market under the AUGO ticker.

Although headquartered in Florida, Aura has been listed on the Toronto Stock Exchange (TSX) and Brazil's B3 exchange. The U.S. listing would open a new chapter for the company, providing access to the major capital market.

Proceeds from the offering will fund the $76 million cash portion of its June acquisition of Mineração Serra Grande from AngloGold Ashanti—a move that ...