Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  AuRico Metals Inc.    AMI   CA05157J1084

AURICO METALS INC. (AMI)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

AuRico Metals : Centerra Gold to buy AuRico Metals in C$310 million deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/07/2017 | 01:41pm CET

(Reuters) - Canadian miner Centerra Gold Inc (>> Centerra Gold Inc.) said on Tuesday it would buy smaller rival AuRico Metals Inc (>> AuRico Metals Inc.) in a deal valued at C$310 million ($243 million).

(Reuters) - Canadian miner Centerra Gold Inc (>> Centerra Gold Inc.) said on Tuesday it would buy smaller rival AuRico Metals Inc (>> AuRico Metals Inc.) in a deal valued at C$310 million ($243 million).

Centerra offered C$1.80 per share in cash, a 38.5 percent premium to AuRico last close on Monday.

Canadian miners have been boosting acquisitions at home as they come under pressure from foreign governments over profit-sharing at crucial mines.

Toronto-based Centerra reached an agreement with Kyrgyzstan in September to settle all outstanding disputes over the Kumtor gold mine, the company's biggest.

Earlier this year, miner Alamos Gold Inc (>> Alamos Gold Inc) <AGI.N>, agreed to buy Richmont Mines Inc (>> Richmont Mines Inc.) <RIC.N> in a deal valued at about C$905 million, creating a top-10 gold producer in North America.

Centerra's deal will be funded through cash in hand and debt and is expected to close in January 2018, the companies said in a joint statement.

Scotia Capital was financial adviser to Centerra, while Macquarie Capital Markets Canada Ltd advised AuRico.

(Reporting by Ahmed Farhatha in Bengaluru; Editing by Saumyadeb Chakrabarty)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AURICO METALS INC.
01/08CENTERRA GOLD : S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian ..
AQ
2017AURICO METALS : Shareholders Overwhelmingly Approve Acquisition by Centerra Gold
AQ
2017AURICO METALS : Shareholders Overwhelmingly Approve Acquisition by Centerra Gold
AQ
2017AURICO METALS : Leading Independent Proxy Advisory Firms Recommend AuRico Metals..
AQ
2017AURICO METALS : Announces Results from Successful 2017 Drill Program Including 3..
AQ
2017AURICO METALS : Leading Independent Proxy Advisory Firms Recommend AuRico Metals..
AQ
2017AURICO METALS : Announces Results from Successful 2017 Drill Program Including 3..
AQ
2017Canasil Files Technical Report for Brenda Gold-Copper Project Located in the ..
AQ
2017Centerra Gold Announces Friendly Acquisition of AuRico Metals
AQ
2017AURICO METALS : Reports 2017 Third Quarter Results
AQ
More news
News from SeekingAlpha
01/03Top 10 Gold Stocks For 2018 
2017GOLD MINING BULL : Top News And Month In Review 
2017RESOURCE SECTOR DIGEST : An Update On Trevali Mining 
2017EDITORS' PICKS DAILY : Is Downsizing A Fad? 
2017Centerra Acquires Aurico Metals, But Will There Be A Competing Bid? 
Financials ( CAD)
Chart AURICO METALS INC.
Duration : Period :
AuRico Metals Inc. Technical Analysis Chart | AMI | CA05157J1084 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus
Number of Analysts
Average target price -
Spread / Average Target
Managers
NameTitle
Christopher H. Richter President, Chief Executive Officer & Director
Richard Mark Colterjohn Chairman
John Fitzgerald Chief Operating Officer
David Flahr Vice President-Finance
Scott Graeme Perry Director
Sector and Competitors
1st jan.Capitalization (M$)
AURICO METALS INC.0.28%0
ZIJIN MINING GROUP CO., LTD.0.00%15 388
FRANCO NEVADA CORP-8.89%13 786
GOLDCORP INC.4.31%11 654
RANDGOLD RESOURCES-13.04%8 490
EVOLUTION MINING LTD7.55%3 847