AuRico Gold Announces Preliminary First Quarter Operational Results

About this update from Auq Gold Mining Inc.

[{"type":"text","content":"\n\n\n\n\n\nTORONTO, April 15, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announces preliminary first quarter\n operational results. All amounts are in U.S. dollars unless otherwise\n indicated.\n\n\nProduction and cash costs in the first quarter were in-line with plan at\n both operations. As previously guided, production from Young-Davidson\n is expected to increase significantly during the second half of the\n year following the commissioning of the shaft crushing and hoisting\n system, which is the key catalyst to drive significant increases in\n underground and further cost efficiencies.\n\n\nPreliminary 2013 First Quarter Operational Results\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nQ1 2013\n\n\n2013 Guidance\n\n\nYoung-Davidson\n\n\n \n\n\n \n\n\n \n\n\nGold Ounces Produced\n\n\n28,281\n\n\n120,000-140,000\n\n\n \n\n\nTotal Cash Costs per ounce1,2,3\n\n$695\n\n\n$575-$675\n\n\nEl Chanate\n\n\n \n\n\n \n\n\n \n\n\nGold Ounces Produced\n\n\n17,889\n\n\n70,000-80,000\n\n\n \n\n\nTotal Cash Costs per ounce2,3\n\n$562\n\n\n$550-$600\n\n\nConsolidated Results\n\n\n \n\n\n \n\n\n \n\n\nGold Ounces Produced\n\n\n46,170\n\n\n190,000-220,000\n\n\n \n\n\nTotal Cash Costs per ounce2,3\n\n$633\n\n\n$565-$645\n\n\n\n\n\n1. \n\n\nPrior to commissioning the underground mine, cash costs are calculated\n on ounces produced from the open pit only.  All underground costs are\n capitalized, and any revenue related to underground ounces sold is\n credited against capital.\n\n\n2.\n\nCash costs are estimates only and are subject to change.\n\n\n3.\n\nSee the Non-GAAP Measures section on page 30 of the Management's\n Discussion and Analysis for the year ended December 31, 2012.\n\n\n\n\nRecent Highlights\n\n\nThe Board of Directors declared the Company's initial quarterly dividend\n payment of $0.04 per share for the first quarter ended March 31, 2013,\n payable on April 18, 2013 to shareholders of record at the close of\n business on April 4, 2013.\n\nThe Company completed a $300 million \"modified Dutch auction\"\n substantial issuer bid and subsequently purchased and cancelled\n 36,144,578 common shares.\n\nThe Company announced Proven and Probable Mineral Reserves of 6.8\n million gold ounces (201,695 tonnes at 1....

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