Arab Today, arab today canadian firms aurico and alamos gold to merge
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Canadian firms AuRico and Alamos Gold to merge

Arab Today, arab today

Arab Today, arab today Canadian firms AuRico and Alamos Gold to merge

Canadian gold companies AuRico
Ottawa - AFP

Canadian gold companies AuRico and Alamos announced a plan to merge on Monday, in a share swap valued at US $1.5 billion.

The deal would create a medium-sized gold company with two operating mines in Mexico (Mulatos and El Chanate) and one in the Canadian province of Ontario (Young-Davidson).

As well shareholders would receive a stake in a spinoff company that is developing gold and copper deposits in British Columbia province.

"The combination of diversified production from three mines and a pipeline of low-cost growth projects in safe jurisdictions equate to a leading gold intermediate and a significant re-rate opportunity for our collective shareholders," said Alamos chief executive John McCluskey.

According to the terms of the deal, Alamos shareholders would receive $0.0001 in cash per share plus a share in the merged company, while AuRico shareholders would get half a share in the new entity. This would result in shareholders of both companies each holding 50 percent of the new company.

The deal, which comes amid depressed prices for precious metals over the past two years, is subject to shareholder and regulatory approvals.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian firms aurico and alamos gold to merge Arab Today, arab today canadian firms aurico and alamos gold to merge

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian firms aurico and alamos gold to merge Arab Today, arab today canadian firms aurico and alamos gold to merge

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday