By Brazil Stock Guide – Aura Minerals Inc. (NASDAQ: AUGO; TSX: ORA; B3: AURA33) will voluntarily delist its common shares from the Toronto Stock Exchange (TSX) effective after market close on September 25, 2025. The company’s board and the TSX have already approved the move. Shares will continue trading on the Nasdaq Global Select Market under the ticker AUGO, while sponsored Brazilian Depositary Receipts (BDRs) will remain listed on B3 in São Paulo under AURA33.
The company said the decision follows its Nasdaq listing on July 16, 2025, as it seeks to concentrate liquidity in the U.S. market. It also cited cost savings from eliminating the TSX listing and stressed that the change does not affect the rights of BDR holders in Brazil.
Trading volumes also highlight the company’s divergent investor bases. While shares on the Nasdaq (AUGO) and TSX (ORA) see average daily volumes of about 160,000 and 110,000, respectively — levels considered moderate — the Brazilian depositary receipts (AURA33) on B3 stand out with nearly 16 million units changing hands each day. The contrast underscores Brazil’s deeper pool of retail and institutional demand for the miner’s securities, even as Aura shifts its primary listing focus to the U.S.
In a filing on August 29, Brazil’s CVM approved the shift of the BDRs’ underlying shares from the TSX to Nasdaq. Aura advised Canadian shareholders to consult their brokers on how to transfer trading of their shares once the TSX delisting takes effect.
Aura will remain a reporting issuer in several Canadian provinces, including Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan.
Aura is focused on the development and operation of gold and base metals projects across the Americas. The company runs five operating mines: Minosa in Honduras; Apoena, Almas and Borborema in Brazil; and the copper-gold-silver Aranzazu mine in Mexico. It also has development and exploration projects including Era Dorada in Guatemala, Tolda Fria in Colombia, and Matupá, São Francisco and the Carajás copper project in Brazil.