AuRico Gold provides details on its 90%-128% production growth profile in North America division from 2011 to 2014
Thursday, Mar 29, 2012
TORONTO, March 28, 2012 /PRNewswire/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or "AuRico Gold" or the "Company") is pleased to provide 2012 quarterly operational guidance as well as three-year operational and capital expenditure guidance for 2012 to 2014. All amounts are in U.S. dollars unless otherwise indicated. The Company will be hosting an Analyst Day webcast on March 28, 2012 beginning at 11:00 a.m. eastern time, following the Company's Q4 2011 financial results conference call and webcast, to discuss the Company's operational and exploration programs. The webcast can be accessed through the following link: http://event.on24.com/r.htm?e=398019&s=1&k=011845E432C604B2DE502CE058045E94.
2012 Quarterly Operational Guidance
For 2012, the Company is providing quarter by quarter guidance on estimated production and cash costs as summarized in the table below.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with a diversified portfolio of high quality mines and projects in North America. Following the divestiture of the Australian assets, and the imminent achievement of first production at Young-Davidson, the Company will have 4 operating properties including the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State, and the El Cubo mine in Guanajuato State. The exciting Young-Davidson gold mine in northern Ontario is expected to reach commercial production by the third quarter of this year and ramp-up to over 200,000 ounces of annual production by 2015. AuRico's strong project pipeline includes several advanced development opportunities in Mexico and British Columbia as well as a number of highly prospective exploration properties. AuRico's head office is located in Toronto, Ontario, Canada.
SOURCE AuRico Gold Inc.
Other Metal News
- Alacer Gold announces a further 10% increase in 2013 production guidance at Copler
- Trio Resources signs two year off-take agreement to process $40MM of precious metals with Noble Refinery
- Silver doré production commences at the Del Toro Silver Mine
- Copper Fox updates activities on Van Dyke copper deposit in Arizona