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More M&A with Alamos and AuRico merger

Alamos Gold and AuRico Gold are to undertake a US$1.5 billion merger of equals to create an intermediate gold producer with three producing gold mines and strong growth potential, in yet another display of growing investor interest in Canadian and Mexican gold assets.

The combined assets of the two companies are forecast to grow output some 80% from 375,000-425,000ozpa of gold in 2015 to over 700,000ozpa in 2018.