President & CEO, Northgate Minerals Corp.
AuRico Gold Completes Acquisition of Northgate Minerals Corporation
Toronto, October 26, 2011: AuRico Gold Inc. is pleased to announce that it has completed its acquisition of Northgate Minerals Corporation.
With the completion of this strategic acquisition, AuRico is now positioned as a leading intermediate gold producer with five operating mines and Young-Davidson targeting production at the end of Q1 2012. Ocampo and Young-Davidson alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs. With a strong balance sheet and a robust and growing cash flow profile, the new company will be led by an experienced management team with a proven track record of creating value for shareholders.