AuRico Gold Announces Preliminary Second Quarter Operational Results

About this update from Alamos Gold Inc.

[{"type":"text","content":"\n\n\nTORONTO, July 16, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announces preliminary second quarter\n operational results. All amounts are in U.S. dollars unless otherwise\n indicated.\n\n\nProduction and cash costs in the second quarter were in-line with plan\n at both operations. Productivities at the Young-Davidson mine continue\n to meet or exceed targeted levels with the shaft crushing and hoisting\n system on track to be commissioned during September. Once commissioned,\n the shaft and hoisting system will drive enhanced underground\n productivities and unit cost efficiencies over the remainder of the\n year.\n\n\nPreliminary 2013 Second Quarter Operational Results \n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n        Three-months ended        \n\n\n        Six-months ended        \n\n\n        2013 Guidance        \n\n\nYoung-Davidson\n\n\nJune 30, 2013\n\n\nJune 30, 2013\n\n\n \n\n\n  Gold Ounces Produced3\n\n29,252\n\n\n57,533\n\n\n120,000-140,000\n\n\n  Total Cash Costs per ounce1,2           \n\n$716\n\n\n$705\n\n\n$575-$675\n\n\nEl Chanate\n\n\n \n\n\n \n\n\n \n\n\n  Gold Ounces Produced\n\n\n18,751\n\n\n36,640\n\n\n70,000-80,000\n\n\n  Total Cash Costs per ounce2\n\n$601\n\n\n$584\n\n\n$550-$600\n\n\nConsolidated Results\n\n\n \n\n\n \n\n\n \n\n\n  Gold Ounces Produced3\n\n48,003\n\n\n94,173\n\n\n190,000-220,000\n\n\n  Total Cash Costs per ounce2\n\n$655\n\n\n$645\n\n\n$565-$645\n\n\n1.     \n\n\nPrior to commissioning the underground mine, cash costs are calculated\n on ounces produced from the open pit only.  All underground costs are\n capitalized, and any revenue related to underground ounces sold is\n credited against capital.\n\n\n2.     \n\n\nCash costs, prior to long-term, low-grade stockpile and heap leach\n inventory adjustments (see Net Realizable Value Adjustment disclosure\n provided below...

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