AuRico Gold acquires Northgate Minerals
Canadian gold and silver producer AuRico Gold has completed its acquisition of Northgate Minerals Corporation.
The company carried out the acquisition by way of a plan of arrangement pursuant to the provisions of the Business Corporations Act (British Columbia).
AuRico, among other things, purchased all of the issued and outstanding common shares of Northgate on the basis of 0.365 AuRico common shares for each common share of Northgate.
AuRico has a diversified portfolio of mines and projects in Canada, Mexico and Australia.
The company currently has five operating properties including the Ocampo mine in Chihuahua state, the El Chanate mine in Sonora state, the El Cubo mine in Guanajuato state, Mexico, as well as the Fosterville and Stawell gold mines in Victoria, Australia.
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