Aura Minerals rises on acquisition of gold mine from AngloGold Ashanti

Shares of Canadian gold and copper mining company Aura Minerals ORA.TO rise 6.3% to C$33.13

Co says it will acquire Mineração Serra Grande (MSG) gold mine in Brazil from AngloGold Ashanti AU.N for $76 million, along with 3% net smelter returns

Transaction excludes certain current subsidiaries of MSG, which hold assets that do not form part of MSG’s mining operations or mineral resources and mineral reserves

Adds that these subsidiaries will be spun off from MSG prior to closing of the transaction

The closing of the transaction is expected to happen by Q3, and no later than Q4

Including session's moves, ORA up 87.2% YTD