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Oct. 17, 2012 /PRNewswire/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico Gold" or "the Company") today announced that it has sold its approximate 11.1% equity interest in Endeavour Silver Corp. ("Endeavour"), consisting of approximately 11 million
Endeavour common shares, on an underwritten block trade basis, for gross proceeds of
C$95 million (approximately
US$97 million). The syndicate was jointly led by CIBC, BMO Capital Markets and
Dundee Securities Ltd.
About AuRico GoldAuRico Gold is a leading Canadian gold producer with a diversified portfolio of three high quality mines and projects in
North America that have significant production growth and exploration potential. AuRico's core operations include the
Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the
Davidson gold mine in northern
Ontario, which declared commercial production on
September 1st, 2012. AuRico's strong project pipeline also includes several advanced development opportunities in
British Columbia. AuRico's head office is located in
Toronto, Ontario, Canada.
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.