Business
AuRico Gold Reports Third Quarter Financial Results and Confirms Declaration of Commercial Production at Young-Davidson
(All amounts are in U.S. dollars, unless otherwise indicated) TORONTO , Nov. 7, 2013 ...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\n(All amounts are in U.S. dollars, unless otherwise indicated)\n\n\nTORONTO, Nov. 7, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") reports financial results for the three and\n nine months ended September 30, 2013. The Company will host a\n conference call on Friday, November 8, 2013 beginning at 8:30 a.m.\n Eastern Time (details below).\n\n\nFinancial Highlights \n\n\nFor the third quarter, the Company reported the following results:\n\n\n\nRevenues of $54.3 million\n\n\nOperating cash flow before changes in working capital(1) of $21.8 million, or $0.09 per share\n\n\nAdjusted net earnings(1) of $0.8 million, or $0.00 per share\n\n\nNet earnings of $14.9 million, or $0.06 per share, including reversals\n of net realizable value adjustments previously recognized of $7.4\n million, or $0.03 per share\n\n\nProduction of 48,903 gold ounces(2)\n\n\nCash costs of $628 per gold ounce(1)\n\n\nAll-in sustaining costs of $1,210 per gold ounce(3)\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\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFirst Quarter\nMarch 31/13\n\n\n \n\n\n \n\n\n \n\n\nSecond Quarter\nJune 30/13\n\n\n \n\n\n \n\n\n \n\n\nThird Quarter\nSept. 30/13\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nYTD as of\nSept. 30/13\n\n\n\n\nGold Ounces Produced3\n\n\n \n\n\n \n\n\n \n\n\n46,170\n\n\n \n\n\n \n\n\n \n\n\n48,003\n\n\n \n\n\n \n\n\n \n\n\n48,903\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n143,076\n\n\n\n\nTotal Cash Costs per oz.1,2\n\n\n \n\n\n \n\n\n \n\n\n$635\n\n\n \n\n\n \n\n\n \n\n\n$655\n\n\n \n\n\n \n\n\n \n\n\n$628\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n$640\n\n\n\n\nAll-in Sustaining Costs per oz2.\n\n\n \n\n\n \n\n\n \n\n\n$1,090\n\n\n \n\n\n \n\n\n \n\n\n$1,189\n\n\n \n\n\n \n\n\n \n\n\n$1,210\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n$1,164\n\n\n\n\n\n\n1.\n\n\n \n\n\nPrior to commissioning the underground mine at Young-Davidson, cash\n costs are calculated on ounces\nproduc...