AuRico Gold (AUQ) +10.9% premarket after agreeing to sell its troubled Ocampo mine in Mexico and...

|About: AuRico Gold (AUQ)|By:, SA News Editor

AuRico Gold (AUQ) +10.9% premarket after agreeing to sell its troubled Ocampo mine in Mexico and other properties to Carlos Slim's Minera Frisco for $750M. Canaccord upgrades shares to Buy from Hold, saying the deal will improve AUQ's balance sheet: "The sale should reduce volatility and increase predictability of quarterly results - more desirable from a capital markets standpoint."