AuRico Gold Updates Guidance http://www.kitco.com/pr/1738/article_04152012224647.pdf Update Follows Recently Announced Divestitures of Non-Core Assets
Toronto: April 15, 2012:
AuRico Gold Inc.
(TSX: AUQ) (NYSE: AUQ), (“AuRico” or “AuRico Gold” or
the “Company”) is pleased to provide an update to its
operational guidance for the next three years.
While guidance on production, cash costs, and capital
expenditures at AuRico’s core operations has not changed,
the Company wishes to highlight updated consolidated guidance
that reflects the recently announced divestitures of its non-
core mines. On March 27, AuRico announced the execution of a definitive
agreement regarding the divestiture of its Australian mines,
and on April 15, AuRico announced the execution of a
definitive agreement regarding the sale of the El Cubo mine and
the Guadalupe y Calvo project in Mexico.
The divestitures are consistent with AuRico Gold’s strategy of
focusing on its large, low cost, core assets in
North America.
AuRico Gold is now directing all of its attention to delivering
value for shareholders from its three core operating mines,
including Young-Davidson where first production is imminent,
and its development pipeline in Mexico and Canada.
2012 Quarterly Operational Guidance
For 2012, the Company’s quarter by quarter guidance on
estimated production and cash costs are
summarized in the table below.
http://www.kitco.com/pr/1738/article_04152012224647.pdf
