AuRico Gold Declares Quarterly Dividend (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Sept. 17, 2013 /CNW/ -
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 third quarter ending September 30, 2013, payable on October 29, 2013 to shareholders of record at the close of business on October 11, 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.
Participation in the dividend reinvestment plan is optional.
For further information on the Company's dividend reinvestment plan please visit
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, 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
This press release contains forward-looking statements and forward-looking information ---- The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.