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

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Aura Minerals Inc. (NASDAQ:AUGO) received a positive outlook upgrade from S&P Global Ratings, affirming its B+ credit rating following its IPO, which raised approximately $196 million. The funds will support growth initiatives, including the acquisition of the Serra Grande mine and development of new projects in Brazil and Guatemala. S&P anticipates that Aura's annual gold production will exceed 400,000 ounces by 2026, aided by the ramp-up of the Borborema mine and integration of Serra Grande, pending regulatory approvals.

