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AuRico Gold Reports Fourth Quarter and Annual Financial Results and Reports Sixth Consecutive Quarter of Record Gold Production
TORONTO , March 3, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or ...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\nTORONTO, March 3, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") reports financial results for the three and\n twelve months ended December 31, 2013. The Company will host a\n conference call on Tuesday, March 4, 2014 beginning at 8:30 a.m.\n Eastern Time (details below). (All amounts are in U.S. dollars, unless otherwise indicated)\n\n\nFinancial Highlights \n\n\nFor the fourth quarter, the Company reported the following results:\n\n\n\nRevenues of $50.8 million\n\n\nOperating cash flow before changes in working capital(1) of $17.5 million, or $0.07 per share\n\n\nAdjusted net loss(1) of $5.5 million, or $0.02 per share\n\n\nNet loss of $106.4 million, or $0.43 per share, including non-cash\n impairment charges and net realizable value adjustments of $71.7\n million, or ($0.29) per share, net of taxes\n\n\nProduction of 49,526 gold ounces(2)\n\n\nCash costs of $771 per gold ounce(3)\n\n\nAll-in sustaining costs of $1,232 per gold ounce(3)\n\n\n\nFor the full year, the Company reported the following results:\n\n\n\nRevenues of $227.6 million\n\n\nOperating cash flow before changes in working capital(1) of $78.1 million, or $0.31 per share\n\n\nAdjusted net earnings(1) of $13.1 million, or $0.05 per share\n\n\nNet loss of $176.8 million, or $0.71 per share, including non-cash\n impairment charges and net realizable value adjustments of $171.4\n million, or ($0.68) per share, net of taxes\n\n\nProduction of 192,602 gold ounces(2)\n\n\nCash costs of $676 per gold ounce(3)\n\n\nAll-in sustaining costs of $1,181 per gold ounce(3)\n\n\n\n\n\n\nAuRico Gold Company-Wide Production Growth\n\n\n\n\n\n\n\n(1)   \n\n\nSee the table at the end of this press release for a reconciliation of\n adjusted net earnings and adjusted operating cash flow and refer to the\n discussion of Non-GAAP measures below.\n\n\n\n\n(2)   \n\n\nIncludes 3,509 pre-production gold ounces produced at Young-Davidson\n during the three months ended December 31, 2013.\n\n\n\n\n(3)   \n\n\nTotal cash costs per gold ounce and all-in sustaining costs per gold\n ounce have been presented prior to inventory net realizable value\n adjustments.  See the discussion of Non-GAAP measures provided below.\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...