AuRico snaps up Northgate on the cheap
AuRico Gold Inc. is paying the cheapest valuation for a takeover of a North American gold producer in seven years even as bullion trades at a record. Including net cash, AuRico’s acquisition valued Northgate at 14.7 times Ebitda. In last year’s biggest takeover, Toronto-based Kinross, Canada’s third-largest producer of the metal, paid 40.4 times Ebitda to acquire Red Back Mining of Vancouver in a $6.7 billion deal.
More News
US delays Canada, Mexico tariffs
The announcement comes a day after Trump gave a 30-day tariff reprieve to the big three automakers.
March 06, 2025 | 02:23 pm
Video: Seabridge CEO on KSM progress, questioned permits
The project, in the Golden Triangle of British Columbia, is one of the world’s top undeveloped gold deposits.
March 06, 2025 | 01:34 pm
Video: VRIFY’s new AI tool cuts exploration timelines from weeks to seconds
The platform provides real-time probability and variance metrics, which, VP says, challenges the old geological bias.
March 06, 2025 | 12:47 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments