Blog - Productos para la minería Guadalajara Jal. México

AuRico Gold Announces Preliminary Third Quarter Operational Results

AuRico Gold Inc. today announces preliminary third quarter operational results. All amounts are in U.S. dollars unless otherwise indicated.

AuRico reported its fifth consecutive quarter of production growth, with the Young-Davidson and El Chanate operations reporting production and cash costs results that were in-line with plan.

Commissioning of the shaft hoisting system at the Young-Davidson underground mine is a key project milestone that will support increased underground productivities and favourable unit cost efficiencies over the life of the mine and will be completed in October, facilitating a scheduled October 31 declaration of commercial production.


Young-Davidson produced 30,099 gold ounces, with a 2013 guidance consisting of 120,000-140,000 ounces.

El Chanate produced 18,804 gold ounces, with a 2013 guidance consisting of 70,000-80,000 ounces.


"The October commissioning of the shaft and hoisting system and the subsequent declaration of underground commercial production will represent a major milestone for the Company as this significant achievement will be pivotal in unlocking the potential of the Young-Davidson mine and positioning the Company for the future," stated Scott Perry, CEO of AuRico. He continued, "The Young-Davidson team has delivered one of the smoothest commissioning periods in recent years and we are pleased and encouraged by the steady progress being reported over the past number of quarters. The Company remains well positioned to deliver quarter over quarter productivity improvements going forward and remains on target to meet company-wide production and cash costs guidance for the year."

Third Quarter Dividend Declared

On September 17, 2013, the Board of Directors declared the Company's quarterly dividend payment of $0.04 per share for the third quarter ended September 30, 2013, payable on October 29, 2013 to shareholders of record at the close of business on October 11, 2013.