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AuRico Gold Reports Preliminary Fourth Quarter Production Results

January 13, 2012

TORONTO, Jan. 13, 2012 /PRNewswire/ – AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), (“AuRico”, “AuRico Gold” or “the Company”)
announces preliminary results for the fourth quarter. All amounts are
in U.S. dollars unless otherwise indicated. Gold equivalent grades are
based on a gold equivalency ratio of 55:1 unless otherwise indicated.

During the fourth quarter the Company completed the acquisition of
Northgate Minerals Corporation (“Northgate”), which included the
exciting Young-Davidson mine located in the prolific Abitibi gold belt
in Northern Ontario. Young-Davidson remains on schedule to begin
production at the end of March 2012 and is currently designed to ramp
up to over 200,000 ounces of annual production by 2015. The Company is
also well positioned for production growth from its mines in Mexico.

Fourth Quarter Highlights – AuRico Consolidated

——————————

The Company reported:

        --  Revenues of $154 million, an increase of 38%, or $42 million,
            over the previous quarter.
        --  Production of 72,119 gold ounces and 1.1 million silver ounces,
            or 92,815 gold equivalent ounces using the actual gold
            equivalency ratio of 54:1 realized during the quarter.
        --  Cash cost of $680 per gold equivalent ounce using the actual
            gold equivalency ratio of 54:1 realized during the quarter.
            Included in the costs are the higher cash costs reported from
            the recently acquired Australian-based mines, the El Cubo mine
            as it depletes high cost stockpiles and converts mining methods
            as well as costs associated with the mine re-sequencing at the
            Ocampo mine.
        --  Increased quarter-end cash balance of $179 million.

Beginning with the fourth quarter of 2011, the Company will report
production and financial results from its two divisions: AuRico North
America and AuRico Australia.

Fourth Quarter Highlights – AuRico North America

——————————

        --  Revenues of $106 million.
        --  Operating cash flow from the Company's Mexican-based assets of
            $43 million.
        --  Production of 42,261 gold ounces and 1.1 million silver ounces,
            or 62,957 gold equivalent ounces using the actual gold
            equivalency ratio of 54:1 realized during the quarter.
        --  Production in the quarter was impacted by mine sequencing
            changes at Ocampo due to unanticipated and not previously
            encountered adverse ground conditions at newly opened mining
            areas in the underground mines. Revised ground control
            standards have now been fully implemented and production will
            resume in these areas during the first quarter with grades
            expected to return to levels experienced in the first three
            quarters of 2011.
      o The re-sequencing negatively impacted ore grades as over 81,000
        tonnes of ore from high grade stopes, grading from 5.3 to 9.6 grams
        per tonne gold equivalent, were replaced with approximately 77,000
        tonnes of ore from lower grade stopes, with grades ranging from 1.7
        to 4.0 grams per tonne gold equivalent.
      o It is estimated that these lower grades have effectively deferred
        approximately 12,000 to 13,000 gold equivalent ounces of production
        targeted for the fourth quarter into the first quarter of 2012 as
        mining resumes in the areas. Had these ounces been delivered as
        planned in the fourth quarter of 2011, Ocampo would have achieved
        production guidance previously provided for the year.
        --  Cash costs were $599 per gold equivalent ounce using the gold
            equivalency ratio of 54:1 realized in the quarter ($605 per
            gold equivalent ounce at the Company's long-term gold
            equivalency ratio of 55:1), which have been impacted by the
            lower underground grades at Ocampo described above and higher
            costs at El Cubo as the mine continues its conversion from cut
            and fill to longhole mining methods and depletes the high cost
            stockpiles.

René Marion, President and CEO stated, “When working in any new
underground mining areas, potential challenges with ground conditions
always exist. However, the situation in these isolated areas was
unanticipated by Management, particularly considering the excellent
ground conditions that we have encountered over the past four years.
The situation has now been successfully addressed with operator
training on the installation of cable-bolting.  We have returned to our
planned sequencing with average grades now returning to targeted levels
and no further interruption to underground production is anticipated.”

Mr. Marion continued, “2011 has truly been a transformational year for
AuRico.  Through the two strategic acquisitions completed in 2011 we
have expanded our asset base to include quality assets like El Chanate
and Young-Davidson. The El Chanate mine reported the strongest
production quarter in its history with cash costs below targeted levels
and has additional growth potential yet to be realized as the Phase 2
expansion to 21,000 tonnes per day is commissioned in Q1. The
Young-Davidson mine remains on plan for production at the end of the
first quarter and there is significant exploration potential at the
exciting Young-Davidson West deposit. Our corporate exploration program
continues to deliver positive results and we look forward to reporting
our updated reserves and resources during the first quarter. With our
solid asset base and operating teams, the Company is looking forward to
another transformational year in 2012.”

Fourth Quarter Highlights – AuRico Australia

——————————

Effective October 26, 2011, the Company completed the acquisition of
Northgate Minerals, which included the Fosterville and Stawell gold
mines. These two mines collectively reported attributable production of
29,858 gold ounces at cash costs of $863 per gold ounce and revenues of
$48 million during the quarter.

Young-Davidson Highlights

——————————

The Young-Davidson mine remains on schedule to begin production by the
end of March 2012. Recent highlights include:

        --  The project is 79% complete for the first gold pour scheduled
            for late in Q1 2012.
        --  Open pit mine pre-production development began on November 17,
            2011 with the first open pit blast.
        --  The 115kV mine site power line was energized on December 1,
            2011.
        --  Optimization studies are currently underway to accelerate and
            increase underground production.
        --  Engineering work is largely completed and all contracts have
            been awarded.
        --  All major equipment is on-site and currently being installed.
        --  Estimated 10-15% increase in capital costs over the original
            forecast issued on August 27, 2009 as a result of the
            accelerated work and scope change (7-10%) and engineering
            growth and escalation (5-8%).
        --  Further delineation of the YD West Zone, which resulted in a
            Measured and Indicated Resource of 536,000 ounces (4.5M tonnes
            grading 3.72 g/t gold) plus an Inferred Resource of 53,000
            ounces (0.5M tonnes grading 3.22 g/t gold) that was announced
            on September 15, 2011 and is largely expected to be converted
            to reserve status as part of the Company's Reserve and Resource
            update scheduled for release in the first quarter1.
        --  A 40,000 metre exploration program has been launched for 2012
            primarily focused on the YD West Zone as well as six additional
            targets identified during 2011.
        --  Safety milestone record recently achieved with 1 million man
            hours with no lost time injuries.

    (1)    YD West Resource is supported by "NI 43-101 Technical Report
           and Preliminary Feasibility Study on the Young Davidson
           Property, Matachewan, Ontario"  dated August 27, 2009 and the
           press release dated Sept 15, 2011 entitled "Northgate Minerals
           Announces a 500,000+ Ounce Indicated Resource at YD West" 

Ocampo Highlights

——————————

        --  The Northeast and Santa Eduviges underground mines averaged
            2,361 tonnes per day in the quarter.
        --  Significant down-dip extensions to the Santa Eduviges vein
            systems have been identified. Surface drilling has also
            discovered at least three similar high grade ore chutes along
            the strike of the PGR zone immediately west to the St Eduviges
            mine.
        --  Engineering studies regarding the development and commissioning
            of Level 2, a potential third underground mine continued in the
            quarter with a production decision expected by the end of Q1
            2012.
        --  The Ocampo mill facility continued its strong performance and
            averaged 3,180 tonnes per day.
        --  Engineering studies continue to evaluate the economics
            associated with the commissioning of the existing shaft system
            immediately adjacent to the mill facility. The study will
            incorporate the favourable cost efficiencies and productivity
            enhancements attributable to hoisting ore from the Northeast
            underground mine, which would significantly reduce truck
            haulage to the processing facilities.
        --  Mining from the Picacho open pit ramped up to full production
            at the end of the fourth quarter.
        --  The 100,000 metre 2012 drilling program will primarily focus on
            extending the San Jose, San Amado and St Eduviges underground
            veins along strike and down dip. The surface program will test
            for new open pitable deposits westward along the PGR trend (PGR
            West) and at Cerro Blanco (St Librada SE). The Cerro Blanco
            target altered zone hosts surface values over a 1 kilometre
            long area and over 100 metres wide. There is an additional
            substantial-sized target on a parallel zone 300 metres
            southwest of Cerro Blanco.

El Chanate Highlights

——————————

        --  During the quarter, the first phase of a five-phase expansion
            program was completed and the second phase is well advanced.
        --  Phase 1 of the program targeted an average crushing and
            stacking rate of 18,000 tonnes per day. During the quarter the
            crushing and stacking rate averaged 17,833 tonnes per day, with
            an additional 317,652 tonnes of run-of-mine ore sent directly
            to the leach pad.
        --  Phase 2 of the expansion program is well advanced with a target
            stacking and crushing rate of 21,000 tonnes per day. Crushing
            and stacking rates are expected to reach targeted levels during
            Q1 2012.
      o Upgrades to the conveyor system to accommodate the increased
        stacking rate have been completed and include the commissioning of
        a new stacker and the upgrading of all conveyor motors, gears and
        tail pulleys.
      o An intermediate grade solution pond was commissioned on December
        1st. This, combined with earlier upgrades to the pumps and feed
        lines has allowed the solution pumping rates to the leach ponds to
        be increased to from 20,000 to 31,500 m3 per day. With the increase
        in solution capacity, it will be possible to place more surface
        area under leach.
      o An additional ADR (Adsorption-Desorption-Recovery) plant was
        installed and commissioned on December 20th. This will allow the
        solution treatment rate to increase from 17,000 m3 per day to
        28,000 m3 per day. A third carbon regeneration kiln is expected to
        be operational during the first quarter.
        --  The first of three new leach cells, totaling 250,000 m2 of
            surface area, is expected to be completed in Q1 2012, with
            overall completion scheduled for the Q3 2012.
        --  At year's end, 67%, or 316,200 m2, of the existing leach pads
            were under leach.
        --  The decision to proceed with the final 3 phases of the
            expansion program, which have an ultimate target of 26,000
            tonnes per day, will be made after the release of the Company's
            reserve and resource update that is targeted for the first
            quarter of 2012.
        --  In December, the mining contractor increased the equipment
            fleet by 4 units, this will allow the mining rate to increase
            from 55,440 tonnes per day in the 2011 period (73,330 tonnes
            per day Q4, 2011) to an average of 90,000 to 100,000 tonnes per
            day in 2012.
        --  The 2011 exploration program delivered encouraging results
            during the quarter. Potential new targets have been identified
            as well as potential extensions to the south and southeast of
            the planned pit.
        --  The 28,000 metre 2012 drilling program will primarily focus on
            additional infill drilling within the pit and step-out drilling
            on the pit's southern perimeter. Four exploration targets have
            been identified on the property and will be pursued through the
            year.
        --  The El Chanate mine reached 1 million man hours (one year) with
            no lost time injuries, believed to be the first Mexican-based
            operation to achieve such a high safety record.

El Cubo Highlights

——————————

        --  Production continues to ramp up towards the ultimate target
            levels of 1,800 tonnes per day of in-situ ore and the
            conversion to long-hole mining methods continues with a target
            of 95% of production by the end of 2012. During the quarter the
            company averaged 1,155 tonnes per day, with December averaging
            1,314 tonnes per day.
        --  The mill processing rate remained on target and averaged 1,451
            tonnes per day utilizing a smaller and more efficient work
            force than in previous years.
      o Of the 133,513 tonnes milled during the quarter, 27,240 tonnes were
        sourced from high cost stockpiles (established by late July) with
        the remainder from direct underground ore feed.  It is anticipated
        that costs will decrease over the coming quarters as higher-cost
        stockpiles are depleted, the contribution from longhole mining
        increases combined with the underground operations ramping up to
        full production thereby reducing the contribution of high cost
        development ore.
        --  Underground development metres increased over 90% quarter over
            quarter and averaged 1,184 metres per month in Q4.
        --  The exploration program continued to deliver positive results
            that included step-out and in-fill drilling on the Dolores Vein
            discovery made in 2009/2010. This is a combined vein/sheeted
            vein deposit typical of the style of mineralization mined in
            this district for the last several hundred years. The drilling
            has successfully delineated a 1,100 metre long deposit that has
            the potential to be mined underground or via an open pit that
            would include a lower grade envelope of mineralized material
            that appears to be amenable to heap leach processing. Currently
            the Company is within 83 metres of the first ore access from
            underground.
        --  Drilling in the Villalpando Gap target area from surface has
            cut encouraging mineralization that exceeds current cut-off
            grades and has the potential to be mined from existing
            workings.
        --  The 46,600 metre 2012 surface and underground drilling program
            will primarily focus on three principal targets namely,
            Dolores-La Loca, Cebolletes and Villalpando Sur.

Operational Results – AuRico North America

     _________________________________________________________________________
    |Three     |        Ocampo   |El Chanate |   El Cubo  |     Consolidated  |
    |Months    |                 |           |            |                   |
    |Ended Dec.|                 |           |            |                   |
    |31        |                 |           |            |                   |
    |__________|_________________|___________|____________|___________________|
    |          |   2011|     2010|  2011|2010|   2011|2010|     2011|     2010|
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold      | 19,909|   29,384|18,080|   -|  4,272|   -|   42,261|   29,384|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Produced  |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Silver    |861,263|1,199,829|     -|   -|247,851|   -|1,109,114|1,199,829|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Produced  |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold eq.  | 35,960|   53,030|18,080|   -|  8,917|   -|   62,957|   53,030|
    |Oz.       |       |         |      |    |       |    |         |         |
    |Produced  |       |         |      |    |       |    |         |         |
    |(realized)|       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold eq.  | 35,568|   51,199|18,080|   -|  8,778|   -|   62,426|   51,199|
    |Oz.       |       |         |      |    |       |    |         |         |
    |Produced  |       |         |      |    |       |    |         |         |
    |(55:1)(2) |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Cash Costs|   $553|     $407|  $401|   -| $1,090|   -|     $599|     $407|
    |(realized)|       |         |      |    |       |    |         |         |
    |(1)       |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Cash Costs|   $560|     $423|  $401|   -| $1,107|   -|     $605|     $423|
    |(55:1)(1) |       |         |      |    |       |    |         |         |
    |(2)       |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold      | 19,449|   28,207|17,355|   -|  4,995|   -|   41,799|   28,207|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Sold      |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Silver    |886,351|1,170,723|     -|   -|288,293|   -|1,174,644|1,170,723|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Sold      |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold eq.  | 35,986|   51,439|17,355|   -| 10,400|   -|   63,741|   51,439|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Sold      |       |         |      |    |       |    |         |         |
    |(realized)|       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|
    |Gold eq.  | 35,564|   49,493|17,355|   -| 10,237|   -|   63,156|   49,493|
    |Ounces    |       |         |      |    |       |    |         |         |
    |Sold      |       |         |      |    |       |    |         |         |
    |(55:1)(2) |       |         |      |    |       |    |         |         |
    |__________|_______|_________|______|____|_______|____|_________|_________|

             Cash costs for the Ocampo mine, El Cubo mine, and on a
             consolidated basis are calculated on a per gold equivalent
    (1)      ounce basis.  Cash costs for the El Chanate mine are
             calculated on a per gold ounce basis, using by-product
             revenues as a cost credit.

    (2)      Using the Company's long-term gold equivalency ratio.
     ______________________________________________________________________________
    |Twelve    |         Ocampo    |El Chanate |      El Cubo  |     Consolidated  |
    |Months    |                   |           |               |                   |
    |Ended Dec.|                   |           |               |                   |
    |31        |                   |           |               |                   |
    |__________|___________________|___________|_______________|___________________|
    |          |         |         |  2011|    |       |       |         |         |
    |          |     2011|     2010|   (1)|2010|   2011|   2010|     2011|     2010|
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold      |   99,478|  103,220|49,395|   -|  8,670| 10,844|  157,543|  114,064|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Produced  |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Silver    |4,171,772|4,417,413|     -|   -|556,379|536,457|4,728,151|4,953,870|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Produced  |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold eq.  |  194,208|  176,458|49,395|   -| 20,277| 19,108|  263,880|  195,566|
    |Oz.       |         |         |      |    |       |       |         |         |
    |Produced  |         |         |      |    |       |       |         |         |
    |(realized)|         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold eq.  |  175,328|  183,537|49,395|   -| 18,786| 20,596|  243,509|  204,133|
    |Oz.       |         |         |      |    |       |       |         |         |
    |Produced  |         |         |      |    |       |       |         |         |
    |(55:1)(3) |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Cash Costs|     $415|     $437|  $449|   -| $1,046|   $807|     $461|     $474|
    |(realized)|         |         |      |    |       |       |         |         |
    |(2)       |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Cash Costs|     $460|     $419|  $449|   -| $1,099|   $748|     $499|     $454|
    |(55:1)(2) |         |         |      |    |       |       |         |         |
    |(3)       |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold      |   95,553|  100,615|49,659|   -|  7,195| 11,160|  152,407|  111,775|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Sold      |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Silver    |4,081,527|4,415,308|     -|   -|435,448|555,469|4,516,975|4,970,777|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Sold      |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold eq.  |  188,307|  173,716|49,659|   -| 15,883| 19,713|  253,849|  193,429|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Sold      |         |         |      |    |       |       |         |         |
    |(realized)|         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|
    |Gold eq.  |  169,762|  180,893|49,659|   -| 15,113| 21,259|  234,534|  202,152|
    |Ounces    |         |         |      |    |       |       |         |         |
    |Sold      |         |         |      |    |       |       |         |         |
    |(55:1)(3) |         |         |      |    |       |       |         |         |
    |__________|_________|_________|______|____|_______|_______|_________|_________|

    (1)      Represents results subsequent to the acquisition of the El
             Chanate mine on April 8, 2011.

             Cash costs for the Ocampo mine, El Cubo mine, and on a
             consolidated basis are calculated on a per gold equivalent
    (2)      ounce basis.  Cash costs for the El Chanate mine are
             calculated on a per gold ounce basis, using by-product
             revenues as a cost credit.

    (3)      Using the Company's long-term gold equivalency ratio.

Operational Results – AuRico Australia

     _________________________________________________________________
    |Three Months Ended Dec. 31|Fosterville |   Stawell  |Consolidated|
    |__________________________|____________|____________|____________|
    |                          |2011(1)|2010|2011(1)|2010|  2011| 2010|
    |__________________________|_______|____|_______|____|______|_____|
    |Gold Ounces Produced      | 14,660|   -| 15,198|   -|29,858|    -|
    |__________________________|_______|____|_______|____|______|_____|
    |Cash Costs per Gold Ounce |   $817|   -|   $914|   -|  $863|    -|
    |__________________________|_______|____|_______|____|______|_____|
    |Gold Ounces Sold          | 14,998|   -| 13,335|   -|28,333|    -|
    |__________________________|_______|____|_______|____|______|_____|

((1))     Represents results subsequent to the acquisition of the Fosterville and
Stawell mines on October 26, 2011.

Operational Results – AuRico Consolidated

     _____________________________________________________________________
    |Three      |AuRico North America|AuRico Australia|     Consolidated  |
    |Months     |                    |                |                   |
    |Ended Dec. |                    |                |                   |
    |31         |                    |                |                   |
    |___________|____________________|________________|___________________|
    |           |  2011(1)|      2010|2011(1)|    2010|     2011|     2010|
    |___________|_________|__________|_______|________|_________|_________|
    |Gold Ounces|   42,261|    29,384| 29,858|       -|   72,119|   29,384|
    |Produced   |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Silver     |1,109,114| 1,199,829|      -|       -|1,109,114|1,199,829|
    |Ounces     |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |   62,957|    53,030| 29,858|       -|   92,815|   53,030|
    |Oz.        |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |(realized) |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |   62,426|    51,199| 29,858|       -|   92,284|   51,199|
    |Oz.        |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |(55:1)(3)  |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Cash Costs |     $599|      $407|   $863|       -|     $680|     $407|
    |(realized) |         |          |       |        |         |         |
    |(2)        |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Cash Costs |     $605|      $423|   $863|       -|     $685|     $423|
    |(55:1)(2)  |         |          |       |        |         |         |
    |(3)        |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold Ounces|   41,799|    28,207| 28,333|       -|   70,132|   28,207|
    |Sold       |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Silver     |1,174,644| 1,170,723|      -|       -|1,174,644|1,170,723|
    |Ounces Sold|         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |   63,741|    51,439| 28,333|       -|   92,074|   51,439|
    |Ounces Sold|         |          |       |        |         |         |
    |(realized) |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |   63,156|    49,493| 28,333|       -|   91,489|   49,493|
    |Ounces Sold|         |          |       |        |         |         |
    |(55:1)(3)  |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|

             Represents results subsequent to the acquisition of the El
    (1)      Chanate mine on April 8, 2011 and the acquisition of the
             Fosterville and Stawell mines on October 26, 2011.

             Cash costs for the Ocampo mine, El Cubo mine, and on a
             consolidated basis are calculated on a per gold equivalent
    (2)      ounce basis.  Cash costs for the El Chanate, Fosterville and
             Stawell mines are calculated on a per gold ounce basis, using
             by-product revenues as a cost credit.

    (3)      Using the Company's long-term gold equivalency ratio.
     _____________________________________________________________________
    |Twelve     |AuRico North America|AuRico Australia|     Consolidated  |
    |Months     |                    |                |                   |
    |Ended Dec. |                    |                |                   |
    |31         |                    |                |                   |
    |___________|____________________|________________|___________________|
    |           |  2011(1)|      2010|2011(1)|    2010|     2011|     2010|
    |___________|_________|__________|_______|________|_________|_________|
    |Gold Ounces|  157,543|   114,064| 29,858|       -|  187,401|  114,064|
    |Produced   |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Silver     |4,728,151| 4,953,870|      -|       -|4,728,151|4,953,870|
    |Ounces     |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |  263,880|   195,566| 29,858|       -|  293,738|  195,566|
    |Oz.        |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |(realized) |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |  243,509|   204,133| 29,858|       -|  273,367|  204,133|
    |Oz.        |         |          |       |        |         |         |
    |Produced   |         |          |       |        |         |         |
    |(55:1)(3)  |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Cash Costs |     $461|      $474|   $863|       -|     $501|     $474|
    |(realized) |         |          |       |        |         |         |
    |(2)        |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Cash Costs |     $499|      $454|   $863|       -|     $538|     $454|
    |(55:1)(2)  |         |          |       |        |         |         |
    |(3)        |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold Ounces|  152,407|   111,775| 28,333|       -|  180,740|  111,775|
    |Sold       |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Silver     |4,516,975| 4,970,777|      -|       -|4,516,975|4,970,777|
    |Ounces Sold|         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |  253,849|   193,429| 28,333|       -|  282,182|  193,429|
    |Ounces Sold|         |          |       |        |         |         |
    |(realized) |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|
    |Gold eq.   |  234,534|   202,152| 28,333|       -|  262,867|  202,152|
    |Ounces Sold|         |          |       |        |         |         |
    |(55:1)(3)  |         |          |       |        |         |         |
    |___________|_________|__________|_______|________|_________|_________|

             Represents results subsequent to the acquisition of the El
    (1)      Chanate mine on April 8, 2011 and the acquisition of the
             Fosterville and Stawell mines on October 26, 2011.

             Cash costs for the Ocampo mine, El Cubo mine, and on a
             consolidated basis are calculated on a per gold equivalent
    (2)      ounce basis.  Cash costs for the El Chanate, Fosterville and
             Stawell mines are calculated on a per gold ounce basis, using
             by-product revenues as a cost credit.

    (3)      Using the Company's long-term gold equivalency ratio.

About AuRico Gold

AuRico Gold is a leading intermediate Canadian gold and silver producer
with a diversified portfolio of properties in Canada, Mexico and
Australia. The Company currently has five operating properties
including the Ocampo mine in Chihuahua State, the El Chanate mine in
Sonora State, the El Cubo mine in Guanajuato State, as well as the
Fosterville and Stawell gold mines in Victoria, Australia. The first
production from the exciting Young-Davidson gold mine in northern
Ontario is expected by the end of Q1 2012 as the mine ramps up to over
200,000 ounces of annual production by 2015.  AuRico’s strong pipeline
of development and exploration stage projects includes advanced
development properties in Mexico and British Columbia and several
highly prospective exploration properties in Mexico. AuRico’s head
office is located in Toronto, Ontario, Canada.


Cautionary Statement

Certain statements included herein, including information as to the
future financial or operating performance of the Company, its
subsidiaries and its projects, constitute forward-looking statements.
The words ”believe”, ”expect”, ”anticipate”, ”target”,
”continue”, ”estimate”, ”may”, and similar expressions identify
forward-looking statements. Forward-looking statements include, among
other things, statements regarding anticipated future financial and
operational performance, the ability to continue to fund expansion and
exploration operations through cash flows, the ability to realize the
perceived benefits of the acquisition of Northgate, the ability of
Young-Davidson to be in production at the end of Q1 2012 and to
achieve over 200,000 ounces of production by 2015, the future price of gold and silver and the ratio of their prices, the
de-risking of operations, future exploration results of its exploration
and development programs and the success of the Company’s exploration
approaches, the Company’s ability to delineate additional resources and
reserves as a result of such programs, statements regarding its
financial exposure to litigation, targets, estimates and assumptions in
respect of gold and silver production and prices, operating costs,
results and capital expenditures, mineral reserves and mineral
resources and anticipated grades, recovery rates, future financial or
operating performance, margins, operating and exploration expenditures,
costs and timing of completion of the Ocampo expansion program and
improvements to the heap leach pad, costs and timing of the development
and commencement of production of new deposits, costs and timing of
construction, costs and timing of future exploration and reclamation
expenses including, anticipated 2011 results, operating performance
projections for 2011, our ability to fully fund our business model
internally, 2011 gold and silver production and the cash and operating
costs associated therewith, the ability to achieve productivity and
operational efficiencies, and the timing of each thereof.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies. The
operating and financial performance of the Company will be affected by
changes in the actual gold equivalency ratio realized in 2011. Many
factors could cause the Company’s actual results to differ materially
from those expressed or implied in any forward-looking statements made
by, or on behalf of, the Company. Such factors include, among others,
known and unknown uncertainties and risks relating to additional
funding requirements, reserve and resource estimates, commodity prices,
hedging activities, exploration, development and operating risks,
illegal miners, political and foreign risk, uninsurable risks,
competition, limited mining operations, production risks, environmental
regulation and liability, government regulation, currency fluctuations,
recent losses and write-downs, restrictions in the Company’s loan
facility, dependence on key employees, possible variations of ore grade
or recovery rates, failure of plant, equipment or process to operate as
anticipated, accidents and labour disputes. Investors are cautioned
that forward-looking statements are not guarantees of future
performance and, accordingly, investors are cautioned not to put undue
reliance on forward-looking statements due to the inherent uncertainty
therein.

 

 

SOURCE AuRico Gold Inc.


Source: PR Newswire