Business
Forest Fire Located South of Kirkland Lake Causes Power Disruption at the Young-Davidson Mine - Restoration of Power Expected Within a Week
TORONTO, May 21, 2012 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or "the ...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 21, 2012 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or \"the Company\") reports that a forest fire located south of\n Kirkland Lake, approximately 70 kilometres east of the Young-Davidson\n mine site, has damaged several power poles and disrupted the main 115\n kV power supply to the mine site. The mine is currently utilizing a\n separate 44 kV line (used for construction and development), which has\n not been affected. Ontario Hydro One is expected to re-establish full\n power to the mine within a week. Operations at the open pit have not\n been impacted and continue at normal levels, however ore processing has\n been suspended.\n\n\nAbout AuRico Gold\nAuRico Gold is a leading Canadian gold producer with a diversified\n portfolio of high quality mines and projects in North America. With\n initial production achieved at Young-Davidson, the Company will be\n focussed on 3 core operations including the Ocampo mine in Chihuahua\n State and the El Chanate mine in Sonora State. The exciting\n Young-Davidson gold mine in northern Ontario is expected to reach\n commercial production by the third quarter of this year and ramp-up to\n over 250,000 ounces of annual production by 2016. AuRico's strong\n project pipeline includes several advanced development opportunities in\n Mexico and British Columbia. AuRico's head office is located in\n Toronto, Ontario, Canada.\n\n\n\n\n\nCautionary Statement\n\n\nCautionary Note to US Investors - The United States Securities and\n Exchange Commission permits US mining companies, in their filings with\n the SEC, to disclose only those mineral deposits that a company can\n economically and legally extract or produce. This press release uses\n certain terms, such as \"measured\", \"indicated\" and \"inferred\"\n \"resources\", that the SEC guidelines strictly prohibit US registered\n companies from including in their filings with the SEC. The term\n \"resources\" does not equate to the term \"reserves\" and U.S. investors\n are cautioned not to assume that any part or all of the minerals in\n these categories will ever be converted to reserves. US Investors are\n urged to consider closely the disclosure in AuRico Gold's Annual Report\n on Form 40-F, which may be secured from AuRico Gold, or from the SEC's\n website at http://www.sec.gov/edgar.shtml.\n\n\nNo sto...