AuRico Gold Reports First Quarter Financial Results, Reports Seventh Consecutive Quarter of Record Gold Production and Reaffirms 2014 Guidance. Company Provides Outlook for April

About this update from Auq Gold Mining Inc.

[{"type":"text","content":"\n\n\nTORONTO, May 8, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") reports financial results for the three\n months ended March 31, 2014 and reaffirms 2014 guidance. The Company\n will host a conference call on Friday, May 9, 2014 beginning at 8:30\n a.m. Eastern Time (details below). (All amounts are in U.S. dollars, unless otherwise indicated.)\n\n\nAuRico Gold Record Quarter-Over-Quarter Production Growth Graph\n\n\nFinancial Highlights\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n(in thousands, except per share amounts)\n\n\nQuarter Ended\nMarch 31, 2014\n\n\nQuarter Ended\nMarch 31, 2013\n\n\n\n\nRevenues\n\n\n$70,953\n\n\n$64,885\n\n\n\n\nAdjusted net (loss) / earnings(1)\n\n\n($7,608)\n\n\n$11,598\n\n\n\n\nAdjusted net (loss) / earnings per share, basic(1)\n\n\n($0.03)\n\n\n$0.04\n\n\n\n\nNet loss / earnings\n\n\n($28,891)\n\n\n$18,274\n\n\n\n\nNet loss / earnings per share, basic\n\n\n($0.12)\n\n\n$0.07\n\n\n\n\nAdjusted operating cash flow(1)\n\n\n$13,469\n\n\n$20,122\n\n\n\n\n\n\n\nOperational Highlights\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\nYoung-Davidson\n\n\nEl Chanate\n\n\nTotal\n\n\n\n\n(in thousands, except ounces, average realized prices and total cash\n costs)\n\n\nQuarter Ended\nMarch 31, 2014\n\n\nQuarter Ended \nMarch 31, 2013\n\n\nQuarter Ended\nMarch 31, 2014\n\n\nQuarter Ended \nMarch 31, 2013\n\n\nQuarter Ended\nMarch 31, 2014\n\n\nQuarter Ended \nMarch 31, 2013\n\n\n\n\nGold ounces produced\n\n\n35,104\n\n\n20,552\n\n\n19,110\n\n\n17,889\n\n\n54,214\n\n\n38,441\n\n\n\n\nPre-production gold ounces produced(3)\n\n\n-\n\n\n7,729\n\n\n-\n\n\n-\n\n\n-\n\n\n7,729\n\n\n\n\nTotal gold ounces produced\n\n\n35,104\n\n\n28,281\n\n\n19,110\n\n\n17,889\n\n\n54,214\n\n\n46,170\n\n\n\n\n \n\n\nUnderground cash costs per gold ounce(2)(3)\n\n\n$808\n\n\n-\n\n\n-\n\n\n-\n\n\n$808\n\n\n-\n\n\n\n\n \n\n\nOpen pit cash costs per gold ounce(2)(3)\n\n\n$1,350\n\n\n$694\n\n\n$586\n\n\n$563\n\n\n$914\n\n\n$635\n\n\n\n\nTotal cash costs per gold ounce(2)(3)\n\n\n$1,009\n\n\n$694\n\n\n$586\n\n\n$563\n\n\n$870\n\n\n$635\n\n\n\n\nRevenue from mining operations\n\n\n$47,016\n\n\n$36,765\n\n\n$23,937\n\n\n$28,120\n\n\n$70,953\n\n\n$64,885\n\n\n\n\nAverage realized gold price per ounce\n\n\n$1,294\n\n\n$1,630\n...

More updates from Auq Gold Mining Inc.