AuRico Gold Inc. (TSX:AUQ, NYSE: AUQ) announced fourth quarter and annual operational results and provided operational guidance for 2013.
As quoted in the press release:
Company-wide production in 2013 is expected to be in the range of 190,000 to 220,000 gold ounces, significantly increasing production over 2012, primarily as a result of increasing production from the Young-Davidson mine as underground production ramps-up over the year and as improved productivity is achieved through the commissioning of the shaft infrastructure during the third quarter. As a result, production in the second half of the year is expected to strengthen and will exceed production during the first half of the year.
AuRico’s President and CEO, Scott Perry, said:
It has been a transformational year for the Company as we re-positioned our portfolio for reliable, consistent and sustainable performance, demonstrating our focus on quality ounces that will drive significant cash flow going forward. We are pleased with the performance of the Young-Davidson and El Chanate mines as both assets reported solid results for the year. We are particularly encouraged by the progress at the newly commissioned Young-Davidson mine.