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AuRico Gold (AUQ)

- NYSE
  • Jun. 21, 2012, 11:15 AM
    AuRico Gold (AUQ -2.8%), fresh off its $1.3B purchase of Northgate Minerals, says it’s focused on its existing assets and will be “opportunistic&r... in considering further deals. CEO Rene Marion expects M&A activity in the gold mining industry will accelerate because gold stocks are trading more cheaply while new mines are becoming more expensive to build.
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  • Aug. 30, 2011, 4:18 PM
    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.
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  • Aug. 29, 2011, 10:52 AM
    Primero Mining (MNOCF.PK -16.6%) is the big loser in AuRico Gold's (AUQ -12.3%) buyout of Northgate Minerals (NXG +38%). Northgate orignially planned to buy Primero for C$370M, but terminated the agreement after accepting the buyout offer from AuRico. Primero, waiving its right to match the deal, will receive a C$25M termination fee.
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  • Aug. 29, 2011, 8:01 AM
    AuRico Gold (AUQ -0.9%) agrees to buy Northgate Minerals (NXG) for C$1.46B ($1.48B) in a deal that will create an intermediate gold company. Northgate had a market capitalization of $920M at Friday's close and shares are +57% premarket. (PR)
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Company Description
AuRico Gold Inc is a gold producer with mines and projects in North America. The Company's projects include El Chanate, Young-Davidson and Kemess South in north-central British Columbia..
Industry: Gold
Country: Canada