Business
Young-Davidson Delivers Eleventh Consecutive Quarter of Record Gold Production and Approximately US$9 Million of Positive Net Free Cash Flow
AuRico Delivers Another Year of Consolidated Annual Production that Achieves Guidance Est...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\nAuRico Delivers Another Year of Consolidated Annual Production that\n Achieves Guidance Estimates\n\n\nTORONTO, Jan. 14, 2015 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announces preliminary fourth quarter\n production results.  All amounts are in U.S. dollars unless otherwise\n indicated.\n\n\nAuRico is reporting its eleventh consecutive quarter of record gold\n production from the cornerstone Young-Davidson mine as well as annual\n consolidated results that are in-line with guidance levels. For the\n fourth quarter the Young-Davidson operation has reported positive net\n free cash flow of approximately $9 million (net free cash flow is\n defined as operating cash flow less sustaining and growth capital\n expenditures and includes working capital changes). Underpinned by the\n growing production profile and the corresponding decline in costs, the\n Company anticipates that the operation will continue to deliver\n positive net free cash flow going forward in the current gold price\n environment.\n\n\nYoung-Davidson Quarterly Gold Production Growth: http://files.newswire.ca/975/01-14-15.pdf\n\n\nPreliminary 2014 Fourth Quarter and Annual Operational Results\n\n\n\n\n \n\n\nQ1/13\n\n\nQ2/13\n\n\nQ3/13\n\n\nQ4/13\n\n\nQ1/14\n\n\nQ2/14\n\n\nQ3/14\n\n\nQ4/141\n\n\n20141\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\n\n \n\n\n \n\n\n \n\n\n\n\nGold ounces produced2\n\n\n28,281\n\n\n29,252\n\n\n30,099\n\n\n33,106\n\n\n35,104\n\n\n40,166\n\n\n40,538\n\n\n40,945\n\n\n156,753\n\n\n\n\n  Underground cash costs per gold oz.\n\n\n-\n\n\n-\n\n\n-\n\n\n$663\n\n\n$808\n\n\n$803\n\n\n$656\n\n\n$656\n\n\n$719\n\n\n\n\n  Open pit cash costs per gold oz.\n\n\n$694\n\n\n$716\n\n\n$666\n\n\n$983\n\n\n$1,350\n\n\n$974\n\n\n$923\n\n\n$994\n\n\n$1,071\n\n\n\n\nTotal cash costs per gold oz.3\n\n\n$694\n\n\n$716\n\n\n$666\n\n\n$850\n\n\n$1,009\n\n\n$871\n\n\n$723\n\n\n$719\n\n\n$825\n\n\n\n\nUnderground mine\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n  Tonnes mined per day\n\n\n1,130\n\n\n1,611\n\n\n1,417\n\n\n2,590\n\n\n2,611\n\n\n3,595\n\n\n3,752\n\n\n4,140\n\n\n3,530\n\n\n\n\n  Grades (g/t)\n\n\n2.7\n\n\n2.5\n\n\n2....