Northgate Diversifies with Mexican Mine

Northgate Diversifies with Mexican Mine

Mexico M&A Canada

Canadian mining company Northgate Minerals has acquired Primero Mining for approximately $409m. Primero owns the San Dimas gold and silver mine in Mexico. The deal will give Northgate a total of three mines, with two in Australia. “It makes a lot of sense,” says analyst Chris Ecclestone of Hallgarten & Company, citing the increased diversification the San Dimas mine will provide Northgate. Northgate will acquire all of the issued and outstanding common shares of Primero for 1.50 in new

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