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AuRico Gold Announces Preliminary Fourth Quarter Operational Results
Reports Sixth Consecutive Quarter of Production Growth TORONTO , Jan. 14, 2014 /CNW/...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\nReports Sixth Consecutive Quarter of Production Growth\n\n\nTORONTO, Jan. 14, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announces preliminary fourth quarter\n and annual operational results. All amounts are in U.S. dollars unless\n otherwise indicated.\n\n\nAuRico reported its sixth consecutive quarter of production growth, with\n the Young-Davidson and El Chanate operations continuing to report solid\n production results that are in-line with expectations.\n\n\nAuRico Gold Company-wide Production Growth\n\n\nThe shaft hoisting infrastructure at the Young-Davidson underground mine\n was commissioned in October, which facilitated the declaration of\n commercial production on October 31. The shaft hoisting system has, and\n will continue to, facilitate significant increases in underground\n productivities and corresponding cost efficiency improvements. During\n the first two months of commercial production, underground unit mining\n costs were approximately $39 per tonne resulting in underground\n production cash costs of $663 per ounce.\n\n\nPreliminary 2013 Fourth Quarter Operational Results\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\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nQ1\n\n\nQ2\n\n\nQ3\n\n\nQ4\n\n\nYear-end\nDec. 31/13\n\n\n2013 Guidance\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\nGold Ounces Produced3\n\n\n28,281\n\n\n29,252\n\n\n30,099\n\n\n33,106\n\n\n120,738\n\n\n120,000-140,000\n\n\n\n\n \n\n\nUnderground Cash Costs per oz.\n\n\n-\n\n\n-\n\n\n-\n\n\n$663\n\n\n$663\n\n\n-\n\n\n\n\n \n\n\nOpen Pit Cash Costs per oz.\n\n\n$694\n\n\n$716\n\n\n$666\n\n\n$983\n\n\n$757\n\n\n-\n\n\n\n\nTotal Cash Costs per oz.1,2\n\n\n$694\n\n\n$716\n\n\n$666\n\n\n$850\n\n\n$744\n\n\n$575-$675\n\n\n\n\nEl Chanate\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGold Ounces Produced\n\n\n17,889\n\n\n18,751\n\n\n18,804\n\n\n16,420\n\n\n71,864\n\n\n70,000-80,000\n\n\n\n\nTotal Cash Costs per oz.2\n\n\n$563\n\n\n$602\n\n\n$588\n\n\n$615\n\n\n$592\n\n\n$550-$600\n\n\n\n\nConsolidated Results\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGold Ou...