US$1.1-billion deal that should solve the problems for both parties
Centerra Gold Inc. (TSE:CG) has agreed to buy Thompson Creek Metals Company Inc. (TSE:TCM) in a US$1.1-billion deal that solves problems for both parties.
Toronto-based Centerra is eager to diversify away from Kyrgyzstan, where it is facing a toxic political situation that appears to be getting worse by the month. By acquiring Thompson Creek, Centerra gets its hands on Mount Milligan, a large mine in British Columbia with 2.2 billion pounds of copper reserves and 5.7 million ounces of gold reserves.
Read the full article at: business.financialpost.com
