Aura Minerals to Acquire Serra Grande Gold Mine in Brazil

Aura Minerals ( (TSE:ORA) ) has provided an announcement.

Aura Minerals has entered into an agreement to acquire the Mineração Serra Grande gold mine in Goiás, Brazil, from AngloGold Ashanti. The acquisition involves an upfront payment of $76 million and deferred payments based on net smelter returns. The transaction is expected to close by the end of 2025, pending regulatory approvals and other conditions. This acquisition aligns with Aura’s strategy to enhance its portfolio and improve the performance of its mining operations, potentially making Serra Grande a key asset in its portfolio.

The most recent analyst rating on (TSE:ORA) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Aura Minerals stock, see the TSE:ORA Stock Forecast page.

Spark’s Take on TSE:ORA Stock

According to Spark, TipRanks’ AI Analyst, TSE:ORA is a Neutral.

Aura Minerals displays strong revenue growth and cash flow generation, but struggles with profitability and leverage, leading to a moderate overall score. Technical analysis shows mixed signals with some upward momentum. Valuation is challenging due to a negative P/E but offset by a strong dividend yield. Recent earnings call and corporate events highlight robust strategic initiatives and shareholder returns, despite some operational challenges.

To see Spark’s full report on TSE:ORA stock, click here.

More about Aura Minerals

Aura Minerals is a company focused on the development and operation of gold and base metal projects in the Americas. The company’s operating assets include gold mines in Honduras and Brazil, and it is committed to a holistic approach to mining, which it terms ‘360° Mining,’ emphasizing the impact and benefits to stakeholders including shareholders, employees, and the communities it serves.

Average Trading Volume: 65,652

Technical Sentiment Signal: Buy

Current Market Cap: C$2.32B

Find detailed analytics on ORA stock on TipRanks’ Stock Analysis page.