Profits surge for AuRico in Q4

AuRico Gold, which bought Northgate Minerals for C$1.46-billion in October, said on Wednesday it aims to grow production to between 500 000 oz and 600 000 oz in 2014, as much as 128% more than it mined in 2011. That does not include the...

Mining explosives maker benefitting from gold boom

The surge of mining and exploration activity rampant gold prices have brought to north-eastern Ontario have proved a double-edged sword for small explosives firm Nordex, which is listed on the TSX-V. On the one hand, business has been brisk for...

AuRico eyes 1Moz by 2015, may IPO Aus mines

AuRico Gold, the Mexico-focused miner that offered to buy Canada’s Northgate Minerals for C$1.4-billion in August, said the combined company could produce up to one-million ounces yearly by 2015. CEO René Marion also told Mining Weekly Online...