AuRico Gold Inc. has completed its previously announced acquisition of Northgate Minerals Corporation. It is now positioned as a new leading intermediate gold producer with five operating mines and Young-Davidson in Matachewan targeting production at the end of the first quarter next year.
“We are pleased to complete this transformational acquisition and begin to leverage the potential of our expanded asset base. The combination of our key assets significantly expands our production profile and establishes the company as a leading intermediate, low cost producer with a substantial growth platform and a compelling valuation opportunity,” said Rene Marion, president and CEO of AuRico.
Shareholders of both AuRico and Northgate voted overwhelmingly in favour to approve AuRico's acquisition of Northgate at their respective special meetings of shareholders each held on Oct. 24.
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality 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, as well as the Fosterville and Stawell gold mines in Victoria, Australia.
AuRico's head office is located in Toronto.
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