Market Overview

AuRico Gold Sells Shares of Endeavour Silver for $97M

Share:
Related AUQ
Raymond James Upgrades Alamos Gold On Valuation
Canaccord Upgrades Alamos Gold, Sees 39% Return Possibility
Related EXK
Top Performing Industries For August 28, 2015
Worst Performing Industries For July 20, 2015
Endeavour Silver Vs. First Majestic: Comparing Two Of The Best Silver Mining Companies (Seeking Alpha)

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.

Posted-In: News Asset Sales

 

Related Articles (EXK + AUQ)

Get Benzinga's Newsletters