Aura Minerals' shares were little changed from the offer price in a US trading debut, after the gold and copper miner raised $196-million in a listing in New York.

The company’s shares traded at $24.05 each as of 1:13 p.m. in New York, just below the deal price of $24.25. Aura, which already trades on exchanges in Canada and Brazil, sold 8.1 million shares in the US debut, according to a filing with the US Securities and Exchange Commission. The US listing went off at a discount of 6% to where the shares closed Tuesday in Toronto.

The market value of Coconut Grove, Florida-based Aura has more than doubled this year, climbing to about C$2.7-billion ($2-billion) in Toronto, thanks in part to gold prices that have risen sharply in the same period.

Proceeds from the company’s US listing will be used for purposes including funding the $76-million cash component of the acquisition of Mineração Serra Grande from AngloGold Ashanti, announced in June. MSG is the owner and operator of the Serra Grande gold mine in Brazil, the filing shows.

Aura expects to close that transaction in August, CEO Rodrigo Barbosa said in an interview, adding the company would not seek to raise additional funds. “We can manage and fund all of our growth projects and continue to pay dividends,” he said.

The company is also looking to increase its daily trading volumes as it seeks to move its primary listing to the US, Barbosa said, adding that Wednesday’s deal was nearly four times over-subscribed. Aura Minerals will apply to connect its depositary receipts in Brazil with its new Nasdaq listing, moving away from its Toronto listing in the next 30 days.

Founder Paulo Carlos de Brito beneficially owns 39.8 million common shares of Aura, or about 53% of the outstanding stock, the filing shows.

Aura has mines in Mexico, Honduras, Colombia and Brazil, the filing shows. In the 12 months ending March 31, it derived about two-thirds of its revenue from gold and the remaining third from gold-copper concentrate.

Aura had a net loss of $73.2-million in the three months ending March 31 on revenue of $161.8-million, compared with a net loss of $9.2-million on revenue of $132.1-million a year earlier, according to data compiled by Bloomberg.

The offering was led by Bank of America Corp and Goldman Sachs Group. The company’s shares now trade on the Nasdaq Global Select Market under the symbol AUGO.