Canadian Miner Primero To Pay $208M For Brigus Gold

Law360, New York (December 16, 2013, 2:08 PM EST) -- Canada-based Primero Mining Corp. will acquire Brigus Gold Corp. for about CA$220 million (US$208 million), the companies said Monday, in a deal that will combine two of the country's largest precious metals producers, creating a single company called SpinCo.

According to a Monday press release from Primero, SpinCo. is expected to produce the equivalent of 250,000 to 270,000 ounces of gold next year from two producing mines and has the potential to produce 400,000 gold-equivalent ounces by 2017. The new company is expected to bring in...
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