October 18, 2012
AuRico Gold has sold out of its position in Mexico’s Endeavour Silver in a
AuRico Gold has sold out of its position in Mexico’s Endeavour Silver in a CAD95m ($97m) block trade, Endeavour says. The sale comes a week after the Canada-based miner operating in Mexico sold $750m in mining assets to Carlos Slim’s Minera Frisco. The 11m shares in Endeavour, also a Canadian Miner operating exclusively in Mexico, were sold at CAD8.60 each. CIBC, BMO Capital Markets and Dundee Securities managed the sale.