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Kinross to acquire Aurelian for $1.2 billion
By:Haligonian
Date: Thursday, 24 July 2008, 10:54 am

Kinross to acquire Aurelian for $1.2 billion (KGC) (by MarketWatch)

LONDON (MarketWatch) -- Kinross Gold Corp. (KGC) said it agreed to acquire Aurelian Resources Inc. (CA:ARU) for $1.2 billion in stock and warrants. The mining companies said the deal values Aurealian at $8.20 a share. The deal will give Kinross control of Aurelian's Fruta del Norte gold and silver projects in Ecuador.