UPDATE: AuRico Gold Sinks 13% - CEO Steps Down for Health Reasons

By MidnightTrader.com Staff,

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AuRico Gold Inc. ( AUQ ) is down 13.26% to $6.54 after the company earlier announced that Ren Marion, its president, chief executive officer and director has tendered his resignation for health reasons effective September 3, 2012. Scott Perry has been appointed president and CEO.

The company said Marion has a non-life threatening degenerative medical condition that will require his full attention as he undergoes treatment. He will remain with the company as a strategic advisor to the Board of Directors.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: AUQ

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