AuRico Reports Third Quarter Production Results and Update on Young-Davidson

About this update from Auq Gold Mining Inc.

[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 15, 2012 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), (\"AuRico\" or \"the Company\") reports the preliminary operational results\n for the third quarter ended September 30, 2012 and provides an update\n on the Young-Davidson mine. All amounts are in U.S. dollars.\n\n\nCompany Wide Third Quarter Production \n\n\n\n\n\n\n\n\nDuring September, the first month of commercial production, the\n Young-Davidson mine produced 9,903 gold ounces at cash costs of $639\n per gold ounce.\n\nProduction at the El Chanate mine for the quarter was 19,388 ounces of\n gold at cash costs of $434 per gold ounce.\n\nProduction at the Ocampo mine for the quarter was 21,916 gold equivalent\n ounces at cash costs of $754 per gold equivalent ounce using the\n realized gold equivalency ratio of 55:1.\n\n\n\n\n\nYoung-Davidson Update\n\n\n\n\n\n\n\n\nCommercial production was declared at Young-Davidson effective September\n 1, 2012. Commercial production was declared once the mine achieved\n previously established commissioning thresholds, which included the\n mill averaging a minimum throughput level of 5,100 tonnes per day, the\n open pit averaging 29,750 tonnes per day of ore and waste mining, both\n over a 30-day period, as well as the commissioning of the flotation and\n gravity circuits.\n\n \n\n\nQ1-12\n\n\nQ2-12\n\n\nJul-12\n\n\nAug-12\n\n\nSep-12\n\n\nQ3-12\n\n\nOpen Pit (tpd)\n\n\n  20,622  \n\n\n  28,575  \n\n\n  31,039  \n\n\n  31,479  \n\n\n  36,667  \n\n\n  33,023  \n\n\nMill throughput (tpd)\n\n\n-\n\n\n4,300\n\n\n5,3001\n\n5,4742\n\n6,857\n\n\n5,866\n\n\nMill grade (g/t)\n\n\n-\n\n\n1.15\n\n\n0.88\n\n\n0.92\n\n\n1.63\n\n\n1.18\n\n\nRecoveries (%)\n\n\n-\n\n\n83%\n\n\n81%\n\n\n83%\n\n\n92%\n\n\n87%\n\n\nProduction\n(gold ounces)\n\n\n-\n\n\n11,950\n\n\n3,766\n\n\n4,156\n\n\n9,903\n\n\n17,825\n\n\nCash Costs\nper gold oz. produced  \n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n$639\n\n\n$6393\n\n\n1.     Including a 3-day maintenance shutdown\n2.     Including a 2-day shutdown for SAG mill reline\n3.     Attributable to the commercial production ounces (9,903 ounces)\n\n\n\nUnderground long-hole drilling contractors have...

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