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AuRico Gold Launches Initial Monthly Update on Young-Davidson Project Remains on Schedule for Production by the End of Q1 2012
Toronto, Ontario--(Newsfile Corp. - February 3, 2012) - AuRico Gold Inc . (TSX: AUQ) (NYSE: AUQ...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\nAuRico Gold Launches Initial Monthly Update on Young-Davidson Project Remains on Schedule for Production by the End of Q1 2012\n\nToronto, Ontario--(Newsfile Corp. - February 3, 2012) - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (“AuRico”, “AuRico Gold” or “the Company) is pleased to provide the first monthly status update on the exciting Young-Davidson mine located in the prolific Abitibi gold belt in Northern Ontario. The Company remains on schedule to achieve the first gold pour by the end of the first quarter of 2012. Young-Davidson Project Construction Update The Young-Davidson Project remains on schedule nearing completion of the 18-month pre-production construction phase. Mill processing construction for commissioning is 92% complete (see figure 1). Over 900 contractors and employees are working towards achieving the first gold pour by the end of March 2012. “The entire operating team at Young-Davidson remains focused on realizing production by the end of the first quarter and remains confident that this milestone continues to be achievable. As well, the stockpile of open pit ore will ensure there is sufficient mill feed as we ramp up to commercial production. We will continue to provide monthly status reports that will keep investors up to date with our progress as we move from construction to commissioning and onward to commercial production.” stated Peter MacPhail, Chief Operating Officer, Canada and Australia. He continued, “I would like to congratulate all construction and operating personnel for recently achieving 1,350,000 man-hours without recording a lost time injury. This is a tremendous achievement, particularly on a construction project of this scale.” The following major project milestones have been achieved: Mill systems required for initial production are 92% complete. All required equipment is on site. Mechanical and electrical / instrumentation construction teams have started commissioning activities on process equipment required for initial production, while personnel prepare for operational readiness. Open pit operations commenced in November 2011 and are ramping up to targeted levels of 35,000 tonnes per day of ore and waste. Approximately 160,000 ore tonnes (approximately one-month mill feed) have already been stockpiled for processing beg...