45% premium for gold company

AuRico Gold (AUQ) said today it has agreed to acquire Northgate Minerals (NXG), which the companies say will create a new leading intermediate gold producer. AuRico will acquire all of the issued and outstanding common shares of Northgate for 0.365 AuRico shares per Northgate share, a 45% premium to Northgate shareholders.Source: Forbes

After selling off in the morning gold and silver stocks are staging a strong comeback, with RGLD and SLW leading the pack.

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