Reported 29 days ago
S&P Global Ratings has upgraded Aura Minerals Inc. (NASDAQ:AUGO) to a 'positive' outlook from 'stable' following its recent IPO, during which the company raised about $196 million. The funds will be used for growth initiatives, including acquiring the Serra Grande mine in Brazil, while S&P anticipates annual gold production could exceed 400,000oz by 2026 and approach 500,000oz by 2027. Aura, involved in gold and copper mining across the Americas, continues to expand its operations despite potential competition from AI stocks.
Source: YAHOO