Business
AuRico Reports Second Quarter Financial Results
(All amounts are in U.S. dollars, unless otherwise indicated) TORONTO , Aug. 8, 201...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n(All amounts are in U.S. dollars, unless otherwise indicated)\n\n\nTORONTO, Aug. 8, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") reports financial results for the three and\n six months ended June 30, 2013. The Company will host a conference call\n on Friday, August 9, 2013 beginning at 8:30 a.m. Eastern Time (details\n below).\n\n\nFinancial Highlights \n\nFor the second quarter, the Company reported the following results:\n\n\nRevenues of $57.7 million\n\n\nAdjusted net earnings(1) of $6.1 million, or $0.02 per share\n\n\nNet loss of $103.5 million, or ($0.42) per share, including non-cash\n impairment charges and net realizable value adjustments of $104.9\n million, or ($0.42) per share, net of taxes\n\n\nProduction of 48,003 gold ounces(2)\n\nCash costs of $655 per gold ounce(1)\n\nAll-in sustaining costs of $1,189 per gold ounce(3)\n\nOperating cash flow before changes in working capital(1) of $18.7 million, or $0.08 per share\n\n\n\n\n\n\n\n\n(1)\n\nSee the table at the end of this press release for a reconciliation of\n adjusted net earnings and adjusted operating cash flow and refer to the\n discussion of Non-GAAP measures below.\n\n\n(2)\n\nIncludes 9,817 pre-production gold ounces produced at Young-Davidson\n during the three months  ended June 30, 2013\n\n\n(3) \n\n\nSee the discussion of All-in Sustaining Costs and Non-GAAP measures\n provided below.\n\n\n \n\n\n \n\n\nRecent Highlights\n\n\nMr. Alan Edwards was appointed non-executive Chairman of the Board\n effective July 1, 2013. Mr. Edwards was appointed as an independent\n director on May 13, 2010.\n\n\nThe Company's quarterly dividend payment of $0.04 per share for the\n second quarter was paid on July 29, 2013. The Company also introduced\n an optional dividend reinvestment plan to acquire additional common\n shares by reinvesting cash dividends. Further information on the\n Company's dividend reinvestment plan is available through the following\n link: www.auricogold.com/DRIP. The next dividend payment is scheduled to be paid on October 29, 2013\n to shareholders of record on October 11, 2013.\n\n\n\"With another quarter of solid results reported from both operations we\n continue to demonstrate the potential of our high quality asset base.\n The mid-shaft crushing and hoisting system is progr...