AuRico's (AUQ) purchase of Northgate Minerals at 14.7X EBITDA is the cheapest valuation for a...

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

AuRico's (AUQ) purchase of Northgate Minerals at 14.7X EBITDA is the cheapest valuation for a gold miner worth more than $1B since 2004. Pricing of gold miners "has moved to an extreme, and one of the things that should actually correct this ... is M&A," says a fund manager.