Rodrigo Barbosa, Aura Minerals CEO, joins 'Money Movers' to discuss the company's IPO, the impact of tariffs on business and more.

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

Aura Minerals CEO Rodrigo Barbosa detailed the company's operational footprint, with significant activities in Mexico, Honduras, and Brazil. The company derives about 80% of its revenue from gold and 20% from copper, with future growth projects planned in Brazil and Guatemala.

Barbosa addressed the impact of tariffs, noting that copper produced in Mexico is sold domestically and exported by partners to countries other than the United States, while gold from Brazil is exported to Europe and Canada. He also explained that the decision to list on the NASDAQ was driven by the company's growth, increased market size, and the need to access larger pools of capital and investors.

Aura Minerals CEO on tariff impact on business

Rodrigo Barbosa. Rodrigo, congratulations on this. I mean, I can't even imagine the number of cross-currents you're having to manage given what's happened on the plus side with mining, but also on the uncertainty side regarding international trade. Thank you very much for being here. It's been quite a journey. It's remarkable what we've been achieving. Tell me about sort of your exposure. How important are Mexico and Honduras to operations? Last year, Mexico was around 30 percent. Honduras, again, another 30 percent. And then Brazil, the remaining 40 percent. However, the growth project that we have to develop in the upcoming years, we have two projects in Brazil and then one in Guatemala to develop. It's more exposure to gold than copper? Yes. Around 80 percent of the revenues comes from gold and 20 percent comes from copper. How do the tariffs impact you? Sorry, I didn't understand the question. How do the tariffs? We've seen sectoral tariffs on things like copper and also country-specific tariffs in places like Canada. How are you affected by all that? Yeah. On the copper side, we produce copper in Mexico and we produce the copper concentrate, which we sell within the country to Trafigura. And they export to other countries other than the United States. And on the Brazilian side, when we produce gold, our export also goes to Europe and Canada. Correct me if I'm wrong, the company goes back, the origins back to the 1940s, right? Yes, it's back in the 1940s, but then was listed in TSX in 2006. It has gone through a major transformation since we joined the company back in 2017. And this is when we started the new order with the new assets, new balance sheet and a new team in the future. So, walk me through some of the calculus about coming public here at the NASDAQ. Was there a sense that the operating window for new issues was just too good to pass up? No, it was a combination. We were planning this over two years. We knew that we had a very interesting and growth plan to present to the investors. Actually, when we contacted more sophisticated and large investors, they said that the feedback we've been receiving since two years is we have a very good story. They want to invest on us. However, our daily trading volume and our size was not big enough for these investors. So, we waited a little bit. We delivered on our results. We grew. We came from a market size of half a billion dollars to a billion dollars, $1.5 billion and now recently $2 billion. And a combination with the size that we have plus the need for capital to continue to grow, to develop our project and continue to do M&As, then we had the great opportunity to combine both. Increase our daily trading volume, raise capital and then access more sophisticated and bigger investors in the United States. Makes perfect sense. Of course, markets obsessed right now with some of these precious metals and materials. We hope you'll come back and help us understand that story as it evolves. Rodrigo, congrats again. Thanks so much.

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Aura Minerals CEO on tariff impact on business

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