S&P Global Upgrades Aura Minerals (AUGO) Outlook to Positive Post-IPO

Aura Minerals Inc. (NASDAQ:AUGO) is one of the best stocks to buy amid gold rally. On July 21, the company announced that S&P Global Ratings had revised its outlook for Aura to “positive” from “stable” and affirmed its B+ global scale credit rating. S&P Global Ratings also affirmed the national scale rating in Brazil at “brAA”.

According to the statement, S&P Global Ratings’ action was supported by Aura’s US listing in July 2025. During the IPO, which involved 8.1 million shares (about 10% of capital), the company raised around $196 million. According to the company, these funds will enable it to accelerate growth without increasing leverage. Part of the proceeds will be directed toward the $76 million acquisition of the Serra Grande mine in Brazil. Another section will go to the development of new projects, including Matupá (Brazil) and Era Dorada (Guatemala).

S&P expects Aura’s annual gold production to exceed 400,000oz in 2026 and approach 500,000oz in 2027. This will be made possible by the ramp-up of the low-cost Borborema mine in Q3 2025, along with the integration of Serra Grande, pending regulatory approvals.

Aura Minerals Inc. (NASDAQ:AUGO) is a gold and copper production company. It explores for, develops, and operates mining projects across the Americas, with key assets including the Minosa gold mine in Honduras, the Almas, Apoena, and Borborema gold mines in Brazil, and the Aranzazu copper-gold-silver mine in Mexico. The company also holds development-stage gold projects in Guatemala and Colombia. Aura’s primary products are gold bullion and copper concentrate.

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Disclosure: None. This article is originally published at Insider Monkey.