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Centerra lowers risk with AuRico takeover

Centerra Gold (CN:CG) is accelerating its shift towards Canada-focused production, agreeing to buy AuRico Metals (CN:AMI) and its Kemess brownfield copper-gold project in British Columbia.

Centerra lowers risk with AuRico takeover Centerra lowers risk with AuRico takeover Centerra lowers risk with AuRico takeover Centerra lowers risk with AuRico takeover Centerra lowers risk with AuRico takeover

There is already C$1 billion of existing infrastructure that can be used at the Kemess underground project

The all-cash deal values AuRico at C$310 million (US$240 million), or C$1.80 a share, and the company's stock jumped by about 37% in Toronto trading to sit just shy of the offer price. Centerra ...