Canadian miner Alamos Gold Inc said it will purchase Aurizon Mines Ltd for about C$780 million ($792.96 million) in cash and stock to get access to Aurizon's only operating gold mine, Casa Berardi, in northern Quebec.Casa Berardi has produced 803,000 ounces of gold from November 2006 until December 2011, according to Aurizon's website.British Columbia-based Aurizon has eight properties in Quebec, which include an advanced-stage gold development property of the Heva and Hosco West Extension areas.Alamos, which owns and operates the Mulatos mine in Mexico, has offered to buy Aurizon for C$4.65 per share, representing a premium of 36 percent to Aurizon's Friday closing price of C$3.41 on the Toronto Stock Exchange.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI remained unchanged at $16.92. In the past year, the shares have traded as low as $13.84 and as high as $21.00. On average, 215957 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 160014.
Aurizon Mines Ltd. (Aurizon) is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of ARZ remained unchanged at $3.41. In the past year, the shares have traded as low as $3.15 and as high as $5.75. On average, 391957 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 127612.
Aurizon Mines Ltd. (Aurizon) is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of AZK remained unchanged at $3.46. In the past year, the shares have traded as low as $3.19 and as high as $5.77. On average, 566243 shares of AZK exchange hands on a given day and today's volume is recorded at 3500.
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