Aug 29 AuRico Gold said it will buy
Northgate Minerals for C$1.46 billion ($1.48
billion) to create an intermediate gold company.
Under the deal, AuRico will buy all shares of Northgate on
the basis of 0.365 AuRico shares per Northgate share.
AuRico, which changed its name from Gammon Gold in May, said
the new company will have 5 operating gold mines, a sixth mine
targeting production in 2012 and 3 gold development projects in
Mexico, Canada, and Australia.
($1 = 0.989 Canadian Dollars)
(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by