History
The company began as Golden Rock Explorations, Inc. on February 23, 1986 (date of incorporation). In 1998, it was renamed Gammon Lake Resources, Inc. Over the next 13 years, it changed names twice more, first to Gammon Gold Inc on June 18, 2007, and to AuRico Gold in May 2011. On August 9, 2006, AuRico finalized the $451 million takeover of Mexgold Resources Inc., which owned the Guadalupe y Calvo gold and silver project in Mexico. In April 2011, the company acquired Capital Gold for $408 million after 67% of Capital Gold's shareholders voted in favor of the deal. Assets included El Chanate and the Orion gold project in Mexico. On May 16, 2011, it changed its name to AuRico Gold, a combination of Au ('gold') and Rico (meaning "rich" in Spanish). On August 29, 2011, it acquired the Vancouver-based Northgate Minerals in a C$1.46 billion deal (US$1.49 billion). The new company (62% owned by AuRico shareholders with the other 38% residing with Northgate's shareholders) has 83% more gold resources than AuRico had beforehand. Including the takeover of Capital Gold, AuRico increased its gold reserves by about 70% in less than five months. In 2015, AuRico Gold merged with Alamos Gold in a C$1.5 billion deal. Shareholders of AuRico Gold owned about 50% of the new company, which was still called Alamos Gold. As part of the deal, AuRico's Kemess project was spun off into a new company, AuRico Metals, which was acquired byProperties
There were two operations in Mexico and one operation in Canada in addition to several advanced development properties in Mexico and British Columbia. *Young-Davidson — Located in Matachewan, Ontario. Gold reserves were near 3 million ounces giving it a mine life of about 15 years. *Ocampo — Located in Mexico, produced since 2007. Consists of three mines - one open pit mine and two underground mines (Santa Eduviges and North-East; most of the gold resource is in the underground mines). The property is located in the Mexican state ofOperations
In 2002, the company announced a strategic alliance with Bolnisi Gold NL, to take its Ocampo Project in Mexico into production.Exploration projects
* Kemess Underground — Located near Kemess Mine and served by the Kemess Creek Airport. * Goldmining project at Mount Ida regionReferences
{{Reflist Gold mining companies of Canada Silver mining companies of Canada Companies based in Halifax, Nova Scotia Companies established in 1986 1986 establishments in Nova Scotia 2015 mergers and acquisitions Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on the New York Stock Exchange Silver mines in Mexico