10 AuRico Gold Purchases Northgate Minerals
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10 AuRico Gold Purchases Northgate Minerals
On August 29 , 2011 AuRico Gold Inc . purchased Canada-based Northgate Minerals for $ 1.49 billion . The deal combined the two companies into one leading intermediate gold producer with five operating gold mines , and three gold development projects in Mexico , Canada and Australia .
The company is now 62 percent owned by AuRico shareholders with the other 38 percent inhabited by Northgate ’ s shareholders .
38 October 2014