© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Alamos Gold, AuRico Gold merging in $1.5 billion deal
Posted 15th April 2015

Alamos Gold, AuRico Gold merging in $1.5 billion deal

Canadian gold mining companies Alamos Gold and AuRico Gold Inc. are merging in a deal valued at approximately $1.5 billion.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Alamos Gold, AuRico Gold merging in $1.5 billion deal

Alamos Gold, AuRico Gold merging in $1.5 billion deal

View Biography
Alamos

View Biography
Aurico Gold

Merger

Merger

Canadian gold mining companies Alamos Gold and AuRico Gold Inc. are merging in a deal valued at approximately $1.5 billion.

The combined business will have assets including AuRico’s Young-Davidson mine in Canada and Alamos’ Mulatos mine in Sonora, Mexico.

John McCluskey, president and CEO of Alamos Gold, will serve as CEO of the combined business. The board of the combined business will have 10 members, with five directors from each company.

Once the deal is complete, shareholders of both companies will each own about 50 percent of the combined business, which will take the name Alamos Gold Inc. A new company, which will be called AuRico Metals Inc., will house AuRico’s Kemess project.

Alamos shareholders will receive one share in the combined business and $0.0001 in cash for each share they own. AuRico shareholders will receive 0.5046 shares of the combined business for each share they own.

The boards of both companies unanimously approved the merger.

The transaction, which is expected to close in the second quarter, still needs approval from shareholders.

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
8 Technology Solutions to Help Expand Your Business
News
02/11/20218 Technology Solutions to Help Expand Your Business

Modern businesses must rely on various digital technologies to thrive and expand. From accounting, project management, and office communication to customer service and digital marketing, there are multiple solutions that can streamline and ultimately improve b

Read Full PostRead - Eye Icon
Defining Corporate Governance in 2016
Finance
24/06/2016Defining Corporate Governance in 2016

The following roundtable, the second in a series sponsored by Hawksford, discusses corporate governance and its role in the financial services industry, with a specific focus on Asia. Helping us to tackle some of the most pertinent issues are four leading fina

Read Full PostRead - Eye Icon
What are the Alternatives to Small Business Loans?
News
28/04/2023What are the Alternatives to Small Business Loans?

Small business loans are a type of financing designed to provide financial assistance to small businesses. These loans can be used to cover various business expenses, such as purchasing equipment and inventory, or expanding the business.

Read Full PostRead - Eye Icon
Most Innovative Business Leader – UK
Legal
05/05/2016Most Innovative Business Leader – UK

Zyda Law is a boutique law firm specialising in navigating regulatory and statutory processes, which involves achieve planning consents and environmental permits for major infrastructure projects.

Read Full PostRead - Eye Icon
How to Get Out of Credit Card Debt
Finance
14/04/2022How to Get Out of Credit Card Debt

Several people do not pay off their credit card debts as soon as possible. The reasons for not clearing the debts could be several, with the most common one being maintaining a healthy credit score.

Read Full PostRead - Eye Icon
Four Decades of Sophisticated Medical Malpractice Magnificence
News
12/03/2024Four Decades of Sophisticated Medical Malpractice Magnificence

Joseph P. Awad of Silberstein, Awad & Miklos, P.C. is a highly experienced trial and appellate lawyer whose particular legal concentration lies in representing workers who have been injured in construction site accidents or persons that have sustained injuries

Read Full PostRead - Eye Icon
Green Data Centers: How Sustainable Practices Are Shaping the Industry
News
07/11/2024Green Data Centers: How Sustainable Practices Are Shaping the Industry

Green Data Centers: How Sustainable Practices Are Shaping the Industry In the recent past, there has been increased use of data centers as more firms embarked on cloud services, artificial intelligence, and data storage. Although tremendous improvements exist

Read Full PostRead - Eye Icon
Taking Energy Empowerment to the next Level
Innovation
13/02/2017Taking Energy Empowerment to the next Level

At Avant Garde Innovations ™, our goal is to eliminate energy poverty, reduce dependence on struggling state power grids and create energy self-sufficiency for all the needy ones through distributed, localised and affordable renewable energy.

Read Full PostRead - Eye Icon
July Winners’ Directory
Innovation
31/07/2016July Winners’ Directory

July Winners' Directory.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow