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.