Jun. 21, 2012, 11:15 AMAuRico 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. | Comment!
Aug. 30, 2011, 4:18 PM
Aug. 29, 2011, 10:52 AMPrimero 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. | Comment!
Aug. 29, 2011, 8:01 AM
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