AuRico Gold Announces its Ninth Consecutive Quarter of Record Production – Mining Life

Young-Davidson Reports Underground Cash Costs of $656 per oz.

AuRico Gold announced preliminary third quarter production results.  All amounts are in U.S. dollars unless otherwise indicated. (Results for the third quarter 2014 are estimates only and are subject to change.)

Estimated production at the company’s Young-Davidson mine in Matachewan, totalled 40,538 oz. in the 3rd quarter 2014 compared to 40,166 oz. in the 2nd quarter.  When combined with the 16,449 oz.. mined at AuRico’s El Chanate gold mine in Mexico the company produced a total of 57,037 oz. in 3rd quarter compared to 56,198 in the 2nd quarter.

At Young-Davidson, the company closed its short-lived open pit operation at the end of the 2nd quarter and concentrated its 3rd quarter production on their undergournd mine. The underground operation had considerably lower cash costs $650 compared to $923 at the open pit mine. El Chanate is an open pit mine. It’s 3rd Quarter cash cost amounted to $663 per oz.

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