TORONTO, February 6, 2014 /PRNewswire/ --
Company-Wide Production Increasing by up to 25%
AuRico Gold Inc.
(TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") announces
operational and capital investment estimates for 2014
that include significant production growth from the Young-
Davidson mine as the operation enters its first full year of
a three-year underground ramp-up to targeted production levels.
All amounts are in U.S. dollars unless otherwise indicated.
The Company will host a conference call and webcast on
February 7, 2014 at 8:30 am ET.
2014 Operational Estimates
In 2014, company-wide production is expected to be in the
range of 210,000 to 240,000 gold ounces, an
increase of up to 25%.
Production growth is primarily driven by quarter over quarter
production increases from the cornerstone
Young-Davidson mine.
Company-wide cash costs are expected to be
between $675 and $775 per ounce
while all-in sustaining costs are expected to be
between $1,100 and $1,200 per ounce.
Capital investment requirements of $125 to $135 million have
declined by up to 40% over the previous year reflecting
the completion of construction activities at
the Young-Davidson mine.
It is anticipated that annual capital investment requirements
as well as all-in sustaining costs per ounce will continue
to further decline over the coming years.
http://web.tmxmoney.com/article.php?newsid=65587932&qm_symbol=AUQ
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God Bless
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