Chief Executive and AuRico Gold Inc.

AuRico Gold Inc.: We believe the new Alamos will be one of the most attractive vehicles among the intermediate gold producers, said Alamos chief executive John McCluskey, who would be chief executive of the merged company, according to The Toronto Star. The combined management team has a wealth of open-pit and underground experience, which will be instrumental in bringing on the future growth, he told analysts on a conference call. The friendly deal between Alamos Gold Inc. and AuRico Gold Inc. would create a combined new Toronto firm under the name Alamos Gold, with operating mines in Ontario and Mexico plus a minority stake in a spinoff company working on a project in British Columbia. The merger of equals makes the new company Canada third-largest mid-sized gold miner by value, based on a market capitalization of $1.5 billion U.S., after New Gold Inc. and Detour Gold Corp. Shares of Alamos rose 6.6 per cent, or 31 cents, to close at $4.09, and Aurico shares jumped 8.2 per cent, or 49 cents, to close at $7.90 on the Toronto Stock Exchange Monday. The bullion industry is struggling as the gold price has lost 35 per cent of its value since its peak of $1,900 an ounce in 2011 and the sector endures a wicked slump following a 13-year market rally that has battered all metals stocks. (news.financializer.com). As reported in the news.