AuRico Gold Announces Preliminary Third Quarter Operational Results

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[{"type":"text","content":"\n\n\nTORONTO, Oct. 15, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announces preliminary third quarter\n operational results. All amounts are in U.S. dollars unless otherwise\n indicated.\n\n\nAuRico reported its fifth consecutive quarter of production growth, with\n the Young-Davidson and El Chanate operations reporting production and\n cash costs results that were in-line with plan.\n\n\nCommissioning of the shaft hoisting system at the Young-Davidson\n underground mine is a key project milestone that will support increased\n underground productivities and favourable unit cost efficiencies over\n the life of the mine and will be completed in October, facilitating a\n scheduled October 31 declaration of commercial production.\n\n\nPreliminary 2013 Third Quarter Operational Results \n\n\n\n\n\n\n\n\n \n\n\nFirst Quarter\nMarch 31/13\n\n\nSecond Quarter\nJune 30/13\n\n\nThird Quarter\nSept. 30/13\n\n\nYTD as of\nSept. 30/13\n\n\n2013 Guidance\n\n\n\n\nYoung-Davidson\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGold Ounces Produced3\n\n\n28,281\n\n\n29,252\n\n\n30,099\n\n\n87,632\n\n\n120,000-140,000\n\n\n\n\nTotal Cash Costs per oz.1,2\n\n\n$694\n\n\n$716\n\n\n$662\n\n\n$691\n\n\n$575-$675\n\n\n\n\nEl Chanate\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGold Ounces Produced\n\n\n17,889\n\n\n18,751\n\n\n18,804\n\n\n55,444\n\n\n70,000-80,000\n\n\n\n\nTotal Cash Costs per oz.2\n\n\n$563\n\n\n$602\n\n\n$588\n\n\n$585\n\n\n$550-$600\n\n\n\n\nConsolidated Results\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGold Ounces Produced3\n\n\n46,170\n\n\n48,003\n\n\n48,902\n\n\n143,075\n\n\n190,000-220,000\n\n\n\n\nTotal Cash Costs per oz.1,2\n\n\n$635\n\n\n$655\n\n\n$626\n\n\n$639\n\n\n$565-$645\n\n\n\n\n\n\n1.\n\n\nPrior to commissioning the underground mine at Young-Davidson, cash\n costs are calculated on ounces produced from the open pit only.  All\n underground costs are capitalized, and any revenue related to\n underground ounces sold is credited against capital.\n\n\n\n\n2.\n\n\nCash costs, prior to long-term, low-grade stockpile and heap leach\n inventory net realizable value adjustments & reversals, are estimates\n only and are subject to change. See the Non-GAAP Measures section on\n page 18 of the Ma...

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