Latest news with #AuraMinerals
Yahoo
a day ago
- Business
- Yahoo
AngloGold Ashanti to Boost Presence With Augusta Gold Buyout
AngloGold Ashanti plc AU announced that it has inked a deal with Augusta Gold Corp. to acquire all issued and outstanding shares of Augusta Gold. This move will boost AU's footprint in the Beatty District of Nevada through the acquisition of the Reward and Bullfrog properties. These adjacent properties will add mineral resources. Details of AngloGold Ashanti Deal With Augusta Gold Per the agreement, AngloGold Ashanti will acquire Augusta Gold at a cash price of C$1.70 (roughly $1.24) per share of common stock. This implies an equity value of approximately C$152 million (roughly $111 million). AU will also fund the repayment of certain shareholder loans. The acquisition strengthens AngloGold Ashanti's position in a major U.S. gold district, enabling the company to undertake integrated transaction has already been approved by Augusta Gold's board of directors. The deal is expected to close in the fourth quarter of 2025, subject to closing conditions. AU's Focus on Portfolio Optimization AngloGold Ashanti has been active in optimizing its portfolio. On June 2, the company announced that it had inked a deal to sell its interest in the Mineração Serra Grande mine ('MSG') to Aura Minerals Inc. AngloGold Ashanti will sell Mineração Serra Grande S.A., the owner of the MSG mine, to Aura for a cash consideration of $76 million. This is subject to working-capital adjustments as of the closing date. AngloGold Ashanti will also receive deferred consideration payments equivalent to a 3% net smelter returns royalty on the MSG mine's current mineral resource, including the mineral MSG mine produced 80 thousand ounces of gold in 2024 and 86 thousand ounces in the mine remains one of AngloGold Ashanti's higher-cost and lower-production operations. The mine sale will enable AU to enhance its capital allocation focus and drive operating transaction excludes subsidiaries of Mineração Serra Grande S.A. that hold non-core assets, including properties. These assets will be retained by AngloGold Ashanti and transferred out of Mineração Serra Grande S.A. through a spin-off before closing. AngloGold Ashanti Stock's Price Performance Shares of the company have skyrocketed 72.4% in the past year compared with the industry's 38.4% growth. Image Source: Zacks Investment Research AU's Zacks Rank & Other Stocks to Consider AU currently sports a Zacks Rank #1 (Strong Buy).Other top-ranked stocks from the basic materials space are ATI Inc. ATI, Carpenter Technology Corporation CRS and MAG Silver Corp. MAG, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks has an average trailing four-quarter earnings surprise of 12.5%. The Zacks Consensus Estimate for ATI's 2025 earnings is pegged at $3.02 per share, indicating year-over-year growth of 22.8%. ATI shares jumped 58.2% last Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS' 2025 earnings is pegged at $7.28 per share, which indicates year-over-year growth of 53.6%. CRS's shares skyrocketed 141.4% last Silver has an average trailing four-quarter earnings surprise of 2%. The Zacks Consensus Estimate for MAG's 2025 earnings is pegged at 96 cents per share. The company's shares have gained 64.5% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report AngloGold Ashanti PLC (AU) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report MAG Silver Corporation (MAG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
Aura Minerals Shares Mixed in US Debut After Oversubscribed Deal
Aura Minerals Inc. shares were little changed from the offer price in a US trading debut, after the gold and copper miner raised $196 million in a listing in New York. The company's shares traded at $24.05 each as of 1:13 p.m. in New York, just below the deal price of $24.25. Aura, which already trades on exchanges in Canada and Brazil, sold 8.1 million shares in the US debut, according to a filing with the US Securities and Exchange Commission. The US listing went off at a discount of 6% to where the shares closed Tuesday in Toronto.
Yahoo
4 days ago
- Business
- Yahoo
Aura Minerals sets US IPO at $24.25 per share
Canadian miner Aura Minerals has priced its 8.1 million common shares at $24.25 per share for a US initial public offering (IPO). The company expects to raise $196.4m from the offering, as reported by Reuters. The net proceeds will be allocated to initiatives to strengthen its business: the acquisition of Mineração Serra Grande (MSG), advancing development projects such as Era Dorada and Matupá, and expanding mineral reserves through exploration. The company has been approved to transfer its principal listing to the Nasdaq Global Select Market, a move expected to enhance the liquidity of its shares and diversify its investor base. In early July 2025, the company stated that it was preparing to list its shares on the Nasdaq. Underwriters have a 30-day option to purchase up to an extra 1.2 million shares at the offering price, minus discounts and commissions. Global coordinators for the offering are BofA Securities and Goldman Sachs, with BTG Pactual and Itaú BBA as joint bookrunners. Co-managers are Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank. Aura has clarified that shareholders' preemptive rights are excluded as per the company's regulations. No preemptive rights will be granted to Brazilian Depositary Receipts holders concerning the public offering. The offering is not considered a public offering in Brazil under local securities laws and regulations. In June 2025, AngloGold Ashanti reached an agreement to sell its stake in the MSG mine in Goiás, Brazil, to Aura Minerals for $76m (R1.36bn) cash deal. Aura's portfolio currently comprises five active mining operations: the Minosa gold mine in Honduras, the Almas, Apoena, and Borborema gold mines in Brazil, and the Aranzazu mine in Mexico. In addition to these producing assets, the company holds the Era Dorada gold project in Guatemala and the Tolda Fria gold project in Colombia. Its Brazilian assets are the Matupá, São Francisco project and the Carajás copper projects. "Aura Minerals sets US IPO at $24.25 per share" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
Yahoo
4 days ago
- Business
- Yahoo
TSX futures flat ahead of US inflation data
(Reuters) -Futures linked to Canada's benchmark index were flat on Wednesday as concerns about tariff-induced inflation weighed on the markets ahead of U.S. producer prices data due later in the day. Futures on the S&P/TSX index were unchanged at 1,607.9 points by 06:17 a.m. ET (1017 GMT). Trade tensions remained in focus after U.S. President Donald Trump announced a 19% tariff on Indonesian goods as part of a new deal, one of several agreements ahead of an August 1 deadline for broader tariff hikes. Investors will keep a close watch on the U.S. producer prices data due later in on Tuesday, searching for signs of rising costs at the factory gate. In the U.S., markets were cautious after Tuesday's inflation report that showed consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation. On Tuesday, data showed Canada's annual inflation rose to 1.9% in June from 1.7% in May. Money markets have largely priced out the chances of a rate cut at the Bank of Canada's next policy decision on July 30 in response to the inflation data as well as stronger-than-expected jobs data on Friday. [0#CADIRPR] Gold prices gained on Wednesday on a softer dollar. Oil prices, steadied. [O/R] [GOL/] In company news, Canadian gold and copper miner Aura Minerals said on Tuesday it plans to raise about $196.4 million from its U.S. initial public offering. Toronto's benchmark S&P/TSX composite index pulled back on Tuesday from a record high as investors assessed U.S. bank earnings and the domestic inflation data. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Canada's Aura Minerals plans to raise over $196 million in US IPO
July 15 (Reuters) - Canadian gold and copper miner Aura Minerals ( opens new tab said on Tuesday it plans to raise about $196.4 million from its U.S. initial public offering. The company had said last week that it was preparing to list its shares on the Nasdaq. It said on Tuesday that it plans to sell 8.1 million shares in the offering. Many foreign companies list in the U.S. to secure higher valuations and tap deeper capital markets. Aura said that it intends to use the proceeds from the IPO for exploration activities and to provide incremental liquidity and financial flexibility to support the execution of its current strategic growth initiatives. Founded in 1946, the gold and copper mining company is focused on project development and operations in the Americas. BofA Securities and Goldman Sachs are serving as global coordinators for the offering, while BTG Pactual and Itau BBA are acting as joint bookrunners.
