Northgate Minerals offers to buy Australia miner
NEW YORK, Oct 28 (Reuters) - Canadian gold and copper miner Northgate Minerals (NGX.TO: Quote, Profile, Research, Stock Buzz) said it has offered to buy Australia gold miner Perseverance Corp. Limited PSV.AX for A$0.20 per share, or $257 million.
Northgate said the deal would create a multi-mine gold producer with more than 430,000 ounces of estimated 2008 production.
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.
Have a correction to this article? Email the editors
Cash injection
Panic grips Asian investors