Bloomberg reported that the CEO of AuRico Gold (NYSE:AUQ) said the company is watching for new opportunities in mergers & acquisitions.

As quoted in the market news:

Marion said that while Toronto-based AuRico isn’t actively looking for deals, it watches for opportunities. The CEO said he expects mergers and acquisitions in the industry will accelerate because gold stocks are trading more cheaply while new mines are becoming more expensive to build.

Click here to read the full Bloomberg report.