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.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s