Gold and silver miner Aura Minerals (AUGO.US) sets IPO price at $24.25, aiming to raise $196 million.

Latin American gold and silver miner Aura Minerals will be listed on Nasdaq, planning to issue 8.1 million shares at a price of $24.25 per share, raising $196 million. Based on the pricing, the company's valuation is $2 billion. This mining company, which was originally trading on the OTCQX market, will continue to maintain its cross-listing status in Canada and Brazil. Its Toronto-listed stock has risen by over 100% within the year. Another company in the materials sector, tungsten producer Almonty Industries, gained 8.4% in cumulative value after listing on Nasdaq on Monday and closing on Tuesday. This gold, silver, and copper mining company emphasizes its strategic advantage in acquisitions, mine expansion, and operational efficiency. It currently operates four wholly-owned mines and one trial production mine, including the Aranzazu copper-gold-silver mine in Mexico, the Apoena and Almas gold mines in Brazil, and the Minosa gold mine in Honduras. Revenue mainly comes from gold (about 60%) and copper (about 40%), with a balanced business presence in Brazil, Mexico, and Honduras. Aura Minerals will trade on Nasdaq under the code "AUGO". The IPO is led by Bank of America Securities, Goldman Sachs, BTG Pactual, and Itau BBA as joint book-runners.