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Client Work

AuRico Gold sells Ocampo Mine to Minera Frisco for US$750 million

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Overview

Client

AuRico Gold Inc.

AuRico Gold Inc. (“AuRico”) has entered into an agreement to sell the Ocampo Mine and its adjacent exploration projects, Venus and Los Jarros, as well as 50% interest in the Orion advanced development project to Minera Frisco, S.A.B. de C.V (“Minera Frisco”) for $750 million in cash (the “transaction”). Certain closing conditions apply to this transaction, including a standard review by the competition and anti-trust commission of Mexico and the approval of a majority of Minera Frisco’s shareholders. The transaction is expected to close in December 2012. Fasken Martineau acted as counsel to AuRico Gold, with a team that included Krisztian Toth, John Turner, Greg Ho Yuen, Susan Newell and Jessica Catton.

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