AuRico Gold Reports Second Quarter Financial Results and Eighth Consecutive Quarter of Record Gold Production as Young-Davidson Ramp-Up Exceeds Expectations

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[{"type":"text","content":"\n\n\nTORONTO, Aug. 7, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") reports financial results for the three and\n six months ended June 30, 2014. The Company will host a conference call\n on Friday, August 8, 2014 beginning at 8:30 a.m. Eastern Time (details\n below). (All amounts are in U.S. dollars, unless otherwise indicated.) \n\n\n\n\n\nTo view \"Company Wide Quarterly Production Growth\", please click: http://files.newswire.ca/975/ProductionGraph.pdf\n\n\n\n\n\nFinancial Highlights\n\n\n\n\n \n\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\nJune 30, 2014\n\n\nQuarter Ended\nJune 30, 2013\n\n\nSix MonthsEnded\nJune 30, 2014\n\n\nSix Months Ended\nJune 30, 2013\n\n\n\n\nRevenue from mining operations\n\n\n$75,530\n\n\n$57,660\n\n\n$146,483\n\n\n$122,545\n\n\n\n\nAdjusted net (loss) / earnings(1)\n\n\n($15,284)\n\n\n$6,122\n\n\n($22,892)\n\n\n$17,719\n\n\n\n\nAdjusted net (loss) / earnings per share, basic(1)\n\n\n($0.06)\n\n\n$0.02\n\n\n($0.09)\n\n\n$0.07\n\n\n\n\nNet loss\n\n\n($16,776)\n\n\n($103,491)\n\n\n($45,667)\n\n\n($85,217)\n\n\n\n\nNet loss per share, basic\n\n\n($0.07)\n\n\n($0.42)\n\n\n($0.18)\n\n\n($0.34)\n\n\n\n\nAdjusted operating cash flow(1)\n\n\n$12,258\n\n\n$18,691\n\n\n$25,727\n\n\n$38,813\n\n\n\n\nAdjusted operating cash flow, per share(1)\n\n\n$0.05\n\n\n$0.08\n\n\n$0.10\n\n\n$0.15\n\n\n\n\n\n(1)  See the tables at the end of this press release for a reconciliation\n of adjusted net earnings and adjusted operating cash flow and refer to\n the discussion of Non-GAAP measures below.\n\n\n\n\n\n\n\nOperational Highlights\n\n\n\n\n \n\n\n\n\n \n\n\nQuarter ended June 30, 2014\n\n\nQuarter ended June 30, 2013\n\n\n\n\n \n\n\nYoung-Davidson\n\n\nEl Chanate\n\n\nTotal\n\n\nYoung-Davidson\n\n\nEl Chanate\n\n\nTotal\n\n\n\n\nGold ounces produced\n\n\n40,166\n\n\n16,032\n\n\n56,198\n\n\n19,435\n\n\n18,751\n\n\n38,186\n\n\n\n\nGold ounces produced, pre-commercial production(3)\n\n\n-\n\n\n-\n\n\n-\n\n\n9,817\n\n\n-\n\n\n9,817\n\n\n\n\nTotal gold ounces produced\n\n\n40,166\n\n\n16,032\n\n\n56,198\n\n\n29,252\n\n\n18,751\n\n\n48,003\n\n\n\n\n \n\n\nUnderground cash costs per ounce(1)(2)(4)\n\n\n$803\n\n\n-\n\n\n$803\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\n \n\n\nOpen pit cash c...

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