Business
AuRico Gold Declares Underground Commercial Production at the Young-Davidson Mine
TORONTO , Oct. 31, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or ...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\nTORONTO, Oct. 31, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") is pleased to report that the Young-Davidson\n underground mine has achieved commercial production effective October\n 31, 2013, following the successful commissioning of the shaft and\n hoisting infrastructure.\n\n\nCommissioning of the shaft hoisting infrastructure is a key project\n milestone that unlocks the potential of the Young-Davidson underground\n mine and will support increased underground productivities and\n favourable unit cost efficiencies over the life of the mine.\n\n\n\"Commissioning the shaft marks the successful completion of a three year\n construction project that will position the Young-Davidson mine for\n long term success,\" stated Peter MacPhail, Chief Operating Officer. He\n continued, \"I want to thank our Young-Davidson team and our contractors\n for their diligent efforts over the past three years and for completing\n this project safely and on schedule.\"\n\n\nAbout AuRico Gold\n\n\nAuRico Gold is a leading Canadian gold producer with mines and projects\n in North America that have solid production growth and exploration\n potential. The Company is focused on its core operations including the\n Young-Davidson gold mine in northern Ontario and the El Chanate mine in\n Sonora State, Mexico. AuRico's project pipeline also includes advanced\n development opportunities in Canada and Mexico. AuRico's head office is\n located in Toronto, Ontario, Canada.\n\n\n\n\n\nCautionary Statement\n\nCertain information included in this press release constitutes\n forward-looking statements, including any information as to our\n projects, plans and future financial and operating performance, and the\n implementation and continued availability of the dividend reinvestment\n plan. All statements, other than statements of historical fact, are\n forward-looking statements. The words \"expect\", \"believe\",\n \"anticipate\", \"will\", \"intend\", \"estimate\", \"forecast\", \"budget\",\n \"schedule\" and similar expressions identify forward-looking statements.\n Forward-looking statements are necessarily based upon a number of\n factors and assumptions that, while considered reasonable by\n management, are inherently subject to significant business, economic\n and competitive uncertainties and contingencies. Know...