TORONTO, July 3, 2013 /PRNewswire/ --
(All amounts are in U.S. dollars unless otherwise indicated)
AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the
"Company") today announced that its Board of Directors has
declared the Company's dividend payment of $0.04 per share for
the second quarter ended June 30, 2013, payable on July 29, 2013
to shareholders of record at the close of business on
July 15, 2013.
AuRico Dividend Policy
As previously announced on February 21, 2013, AuRico's Board of
Directors approved a dividend policy as described below:
In 2013, the Company intends to pay an annual dividend of
$0.16 per common share (payable quarterly); and
In subsequent years, the quarterly dividend will be linked to
operating cash flow(1) ("OCF"), whereby the Company intends to
pay out 20% of the OCF generated in the preceding quarter
divided by the Company's outstanding common shares at the time
the dividend is approved.
(1) As reported in the Company's financial statements.
Dividend Reinvestment Plan
As previously announced on June 11, 2013, AuRico's Board of
Directors approved the introduction of a dividend reinvestment
plan.
Eligible shareholders may elect to participate in the dividend
reinvestment plan commencing with the July 2013 dividend.
Participation in the dividend reinvestment plan is optional.
For further information on the Company's dividend reinvestment
plan please visit
http://www.auricogold.com/DRIP
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with mines and
projects in North America that have significant production
growth and exploration potential.
The Company is focused on its core operations including the
Young-Davidson gold mine in northern Ontario, which declared
commercial production on September 1, 2012 and
the El Chanate mine in Sonora State, Mexico.
AuRico's project pipeline also includes advanced development
opportunities in Mexico and Canada.
AuRico's head office is located in Toronto, Ontario, Canada.
Cautionary Statement
Certain information included in this press release constitutes
forward-looking statements, including ----any forward-looking
statements whether as a result of new information, future events
or otherwise, except as required by applicable law.
For further information:
For further information please visit the AuRico Gold website at
http://www.auricogold.com
or contact:
Scott Perry
President & Chief Executive Officer
AuRico Gold Inc.
+1-647-260-8880
Anne Day
Vice President, Investor Relations & Communications
AuRico Gold Inc.
+1-647-260-8880
http://www.auricogold.com/investor-information/presentations/corporate-presentations/default.aspx
http://www.auricogold.com/investor-information/press-releases/default.aspx
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