Two sizable mining companies are slated to go public in the US in the week ahead.
Latin American miner Aura Minerals (AUGO) plans to raise $210 million at a $2.1 billion market cap. The company operates four wholly-owned operating mines in various countries in Latin America, as well as one mine in ramp-up phase. It primarily generates revenue from gold and to a lesser extent copper, with operations roughly evenly split between Brazil, Mexico, and Honduras.
Holdover Almonty Industries (ALM) plans to raise $75 million at a roughly $1.5 billion market cap. The Canada-based company produces tungsten concentrate, primarily for the defense industry, with plans to vertically integrate into oxide production. Its flagship asset, the Sangdong Tungsten Mine in South Korea, is one of the world’s largest tungsten deposits by Inferred Mineral Resource and is in soft commissioning.
BusinessDeal Size
Market CapPrice Range
Shares FiledTop
Bookrunners
Toronto, Canada
$1,485M
13,204,225
Cantor Fitz.
Coconut Grove, FL
$2,142M
8,100,510
Goldman
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Street research is expected for four companies in the week ahead, and three lock-up periods will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
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