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Primero looking for new acquisitions: CEO

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Primero Mining is dusting itself off after its bid for Northgate Minerals was scuttled when the latter agreed to be taken over by AuRico Gold.

CEO Joe Conway tells BNN there have been a number other companies asking the miner to look at what they have. “We do trade at a lower multiple than many, and there are opportunities to look for companies that trade at a lower multiple than we are.”

He says the Northgate merger would have put it two years ahead of where it wanted to be in its growth plans. Primero had the right to match AuRico’s offer, but chose not to.

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