Aurico Metal Inc. (AMI)

[NYBob]

AuRico Gold Announces Preliminary Second Quarter Operational Results
TORONTO, July 16, 2013 /PRNewswire/ --

http://web.tmxmoney.com/article.php?newsid=61433503&qm_symbol=AUQ

AuRico Gold Inc.
(TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") today
announces preliminary second quarter operational results.
All amounts are in U.S. dollars unless otherwise indicated.

http://www.auricogold.com/investor-information/press-releases/press-release-details/2013/AuRico-Gold-Announces-Preliminary-Second-Quarter-Operational-Results/default.aspx

Production and cash costs in the second quarter were in-line with
plan at both operations.
Productivities at the Young-Davidson mine continue to meet or
exceed targeted levels with the shaft crushing and hoisting
system on track to be commissioned during September.

Once commissioned, the shaft and hoisting system will drive
enhanced underground productivities and unit cost efficiencies
over the remainder of the year.

Preliminary 2013 Second Quarter Operational Results


Three-months ended Six-months ended 2013 Guidance
Young-Davidson June 30, 2013 June 30, 2013
Gold Ounces
Produced[3] 29,252 57,533 120,000-140,000
Total Cash Costs per
ounce[1],[2] $716 $705 $575-$675
El Chanate
Gold Ounces Produced 18,751 36,640 70,000-80,000
Total Cash Costs per
ounce[2] $601 $584 $550-$600
Consolidated Results
Gold Ounces
Produced[3] 48,003 94,173 190,000-220,000
Total Cash Costs per
ounce[2] $655 $645 $565-$645


[1]
Prior to commissioning the underground mine, cash costs are
calculated on ounces produced from the open pit only.
All underground
costs are capitalized, and any revenue related to underground
ounces sold is credited against capital.

[2]
Cash costs, prior to long-term, low-grade stockpile and
heap leach
inventory adjustments (see Net Realizable Value
Adjustment disclosure
provided below), are estimates only and are subject to change.
See the Non-GAAP Measures section on page 15 of the Management's

[3]
Discussion and Analysis for the three months ended March 31,
2013.
Includes pre-production gold ounces from the Young-Davidson
underground mine.



Recent Highlights

On June 11, 2013, AuRico's Board of Directors approved the
introduction of a dividend reinvestment plan that will provide
shareholders with a cost-effective way to acquire additional
common shares by reinvesting cash dividends.

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.
Further information on the Company's dividend reinvestment plan
is available through the following link:

http://www.auricogold.com/DRIP

On June 27, 2013, the Company announced the appointment of
Mr. Alan Edwards as non-executive Chairman of the Board
effective July 1, 2013.
Mr. Edwards was appointed as an independent director on May 13,
2010 and has served as Chair of the Sustainability Committee.

On July 3, 2013,
the Board of Directors declared the Company's quarterly 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.

Net Realizable Value Adjustment and Impairment Charges

Due to the lower metal price environment currently being
experienced, the Company is currently conducting net realizable
value testing on its historical heap leach and long-term, low-
grade stockpile inventories.

These tests may result in the need to recognize a net realizable
value adjustment on these inventories at June 30th.

In addition, as a result of the recent and continued significant
decline in the gold price, the Company is evaluating whether its
long-term gold price assumptions should be revised.

As indicated in the Company's Q1 report, this may result in the
requirement to perform an impairment test as of the end of the
quarter, specifically on the El Chanate mine.

The impairment charge, if any, would first be allocated to the
$106.5 million goodwill associated with El Chanate.

The Company will complete a final assessment by its second
quarter 2013 results release.

Young-Davidson Update

The Company is currently mining from the fifth and sixth stopes
in the underground mine and productivities continue to ramp-up
above targeted levels and averaged 1,611 tpd during the quarter.

Open pit mine productivities remain at targeted levels and
averaged 34,033 tpd during the quarter.

The mill facility continued to operate above nameplate capacity
and averaged approximately 7,017 tpd during the quarter.

The mid-shaft crushing and hoisting system is progressing on
schedule and remains on target to commission during September.

The shaft hoisting system is the key catalyst for driving
significant increases in underground productivities and
further cost efficiencies.

El Chanate Update

The El Chanate open pit mine continued to operate at targeted
levels and averaged 98,928 tpd.

Crushing and stacking rates remained at targeted levels and
averaged 19,010 tpd.

During the latter part of the quarter, a follow-up drilling
program was launched that targets three new areas of
mineralization all located along trend of the open pit.

Drilling is currently focused on the Rono area, which is located
600 metres northwest of the open pit, with encouraging results
being reported to date.

"Both operations reported another quarter of solid production
results that are in-line with targeted levels.

Construction of the Young-Davidson shaft and hoisting system is
in the final stages and once commissioned will drive enhanced
underground productivities and unit cost efficiencies," stated
Scott Perry, President and Chief Executive Officer.

He continued, "The Company is well positioned to deliver quarter
over quarter productivity improvements over the balance of the
year and we remain on target to meet production and cash costs
guidance for the year."

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with mines and
projects in North America that have solid production growth and
exploration potential.
The Company is focused on its core operations including the
Young-Davidson gold mine in northern Ontario and
the El Chanate mine in Sonora State, Mexico.

AuRico's project pipeline also includes advanced development
opportunities in Canada and Mexico.

AuRico's head office is located in Toronto, Ontario, Canada.

Cautionary Statement

Certain information included in this press release constitutes
forward-looking statements, ----any forward-looking statements
whether as a result of new information, future events or
otherwise, except as required by applicable law.

For further information please visit the AuRico Gold website at

http://www.auricogold.com

or contact:

Scott Perry
President and Chief Executive Officer
AuRico Gold Inc.
[phone]

Anne Day
Vice President, Investor Relations and Communications
AuRico Gold Inc.
[phone]

http://web.tmxmoney.com/article.php?newsid=61433503&qm_symbol=AUQ
God Bless