Aura Minerals Agrees to Acquire Mineração Serra Grande Gold Mine
Deal News | Jun 02, 2025 | Globenewswire
Aura Minerals Inc. has announced its acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc, pending completion of several preconditions. The acquisition involves a US$ 76 million upfront payment, subject to working capital adjustments, and includes deferred consideration payments based on net smelter returns. The transaction represents a strategic investment for Aura, enhancing its portfolio and operational capacities in the Americas. Strategic advisors for the deal include BofA Securities and Demarest Advogados. The completion of the acquisition is anticipated by Q3 or Q4 2025, following necessary regulatory approvals and the spin-off of certain non-core assets.
Sectors
- Mining & Metals
- Investment & M&A
Geography
- Brazil – The Mineração Serra Grande gold mine is located in Brazil, making it the primary geographical focus of the acquisition.
- British Virgin Islands – Aura Minerals is based in the British Virgin Islands, thus relevant to the company’s operations and strategic decisions.
Industry
- Mining & Metals – The article discusses the acquisition of a gold mine and related operations, which are central to the mining industry.
- Investment & M&A – The article entails an acquisition transaction between Aura Minerals and AngloGold Ashanti, typical of the mergers and acquisitions (M&A) sector.
Financials
- US$ 76 million – The initial cash consideration to be paid by Aura Minerals to acquire the Serra Grande gold mine.
- 3% net smelter returns – Deferred consideration payments structure based on current identified Mineral Resource of MSG.
- 1.08 Moz of gold measured and indicated resource – The existing gold resource quantity according to the Mineral Resource and Mineral Reserve Report by AngloGold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aura Minerals Inc. | Acquirer | Company | A mining company focused on gold and base metal projects across the Americas, purchasing the Serra Grande gold mine. |
| AngloGold Ashanti plc | Seller | Company | A leading global gold mining company that is selling the Serra Grande mine to Aura Minerals. |
| Mineração Serra Grande S.A. | Target Company | Company | Operates the gold mine in Crixás, Brazil, which is being acquired by Aura Minerals. |
| BofA Securities | Financial Adviser | Company | Advising Aura Minerals on the financial aspects of the acquisition. |
| Demarest Advogados | Law Adviser (Brazilian) | Company | Providing legal guidance to Aura Minerals regarding Brazilian law in the transaction. |
| Gowling WLG (UK) LLP | Law Adviser (English) | Company | Advising Aura Minerals on English legal matters in relation to the acquisition. |