Slim Adds Mines

Slim Adds Mines

Mexico M&A

Minera Frisco has agreed to pay $750m to acquire mining assets in Mexico from AuRico Gold, it says. The deal includes the operating Ocampo gold and silver mine, the Venus and Los Jarros projects and a 50% stake in the Orion project. The transaction is somewhat difficult to value, analysts say, due to the involvement of pre-operational assets and the infrequency of similar transactions in Mexico. Though the price tag represents less than 10% of Frisco's market cap, the new assets' contributions t

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