AuRico Gold Inc. (AUQ) Moves to Acquire Northgate Minerals, Resulting Company a Serious Contender in the Intermediate Range
AuRico Gold, the Canadian gold and silver developer with three rich, wholly-owned operating properties in Mexico, in conjunction with Northgate Minerals Corp., have announced entry into a definitive acquisition agreement whereby a new, leading intermediate gold production company will emerge. President and CEO of AUQ, Rene Marion, described the resulting fusion of AuRico and Northgate as constituting a formidable force in the sector and will immediately position the “combined company as a pre-eminent intermediate gold producer with peer leading growth.” Marion was quite happy to point out the striking similarities between the two companies in terms of assets, projects and…