Alamos Gold Inc said it could not sweeten its C$4.65-per-share offer for Aurizon Mines Ltd as the fellow Canadian miner has not provided any new information to warrant a revision of the bid.Aurizon, operator of the Casa Berardi gold mine in Quebec, on Wednesday advised shareholders to reject the C$780 million ($781.1 million) unsolicited bid, calling it inadequate and opportunistic."Research analysts' consensus opinion to the net asset value of the operating mine is C$600 million," Aurizon Chief Executive George Paspalas told Reuters.Analysts, on average, have valued the Joanna gold development project at C$195 million, he said.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI fell by 3.49% or $-0.56/share to $15.49. In the past year, the shares have traded as low as $13.84 and as high as $21.00. On average, 303095 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 354887.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of ARZ fell by 1.89% or $-0.09/share to $4.67. In the past year, the shares have traded as low as $3.15 and as high as $5.75. On average, 785686 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 716721.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of AZK fell by 1.89% or $-0.0894/share to $4.64. In the past year, the shares have traded as low as $3.19 and as high as $5.77. On average, 740492 shares of AZK exchange hands on a given day and today's volume is recorded at 637837.
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