AuRico Gold Reports Fatalities at El Chanate Mine
TORONTO, Nov. 14, 2012 /PRNewswire/ - AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), (“AuRico” or “the Company”) regrets to report the fatal injury of two
contractors at its El Chanate mine, located 37 kilometres northeast of
Caborca in Sonora State, Mexico. The accident occurred in the
afternoon of November 13, 2012 when a pressure vessel in one of the
three separate ADR processing plants ruptured.
“The occurrence of this incident is incredibly distressing as the safety
of our employees and contractors is the Company’s highest priority and
this incident is a tragic shock to everyone,” said Scott Perry,
President & Chief Executive Officer. “On behalf of all of us at
AuRico, I want to extend our deepest condolences to those impacted,
particularly the family, friends and colleagues of those involved in
this incident. More than ever, our number one focus must remain on
ensuring all of our employees and contractors return home safely, each
and every day.”
The matter is currently being investigated by the Company and the
relevant authorities have been notified. The Company will be
facilitating site wide safety reviews and repairs for this portion of
the processing facility. It is anticipated that gold production for the
balance of 2012 will be somewhat impacted and as a result, the Company
is revising its full year gold production guidance to 70,000 to 75,000
oz Au for the El Chanate mine.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with a diversified
portfolio of high quality mines and projects in North America that have
significant production growth and exploration potential. Following the
divestiture of Ocampo, the Company will be focused on its core
operations including the Young-Davidson gold mine in northern Ontario
which declared commercial production on September 1(st), 2012 and the El Chanate mine in Sonora State. AuRico’s strong project
pipeline also includes advanced development opportunities in Mexico and
British Columbia. AuRico’s head office is located in Toronto, Ontario,
Canada.
Cautionary Statement
Certain information included in this news release constitutes
forward-looking statements, including any information as to our
projects, plans and future financial and operating performance. All
statements, other than statements of historical fact, are
forward-looking statements. The words “expect”, “believe”,
“anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”,
“schedule” and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such factors include, but
are not limited to: changes to current estimates of mineral reserves
and resources; fluctuations in the price of gold and silver; changes in
foreign exchange rates (particularly the Canadian dollar, Mexican peso
and U.S. dollar); the impact of inflation; changes in our credit
rating; employee relations; litigation; disruptions affecting
operations; availability of and increased costs associated with mining
inputs and labor; development delays at the Young-Davidson mine;
technical challenges associated with the construction of capital
projects; operating or technical difficulties in connection with mining
or development activities; inherent risks associated with mining and
mineral processing; the risk that the Young-Davidson, El Chanate and
Ocampo mines and may not perform as planned; the ability to realize the
perceived benefits from the acquisition of Capital Gold and Northgate;
the ability to complete the sale of the Ocampo mine; uncertainty with
the Company’s ability to secure capital to execute its business plans;
the speculative nature of mineral exploration and development,
including the risks of obtaining necessary licenses and permits;
contests over title to properties; changes in national and local
government legislation in Canada, Mexico and other jurisdictions in
which the company does or may carry on business in the future; risk of
loss due to sabotage and civil disturbances; risks arising from holding
derivative instruments; business opportunities that may be pursued by,
the company; and the ability of the company to successfully integrate
acquisitions. Many of these uncertainties and contingencies can affect
our actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements made
by, or on behalf of, us. Readers are cautioned that forward-looking
statements are not guarantees of future performance. All of the
forward-looking statements made in this second quarter report are
qualified by these cautionary statements. Specific reference is made to
the most recent Form 40-F/Annual Information Form on file with the SEC
and Canadian provincial securities regulatory authorities for a
discussion of some of the factors underlying forward-looking
statements. 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.
SOURCE AuRico Gold Inc.

