Aura Minerals (TSE:ORA) has released an update.
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Aura Minerals has successfully closed a $175 million issuance of Brazilian debentures through its subsidiary, Almas, reflecting strong investor demand. The company has entered into a swap agreement with Banco Itaú to hedge the debentures, demonstrating Aura’s strategic financial management. The raised funds will be used to strengthen Aura’s cash position and manage existing debts.
For further insights into TSE:ORA stock, check out TipRanks’ Stock Analysis page.
