Crocodile Makes Two Gold Acquisitions

Reuters reported that Crocodile Gold (TSX:CRK) is buying two gold mines from AuRico (NYSE:AUQ) to increase production.

As quoted in the market news:

Crocodile Gold hiked its production outlook for 2012 to 230,000-250,000 ounces of gold, from its earlier expectation of 75,000-80,000 ounces, as it expects to benefit from the two acquired mines, Stawell and Fosterville, in Victoria.

Click here to read the full Reuters report.