AuRico Gold Posts Ninth Consecutive Quarter of Record Gold Production

AuRico Gold Inc. (TSX:AUG,NYSE:AUQ) reported that its Young-Davidson mine recorded a 17-percent decrease in cash costs while hitting a ninth consecutive quarter of record gold production.

According to the press release:

Production of 40,538 gold ounces for the quarter represented the ninth consecutive quarter of record gold production with the operation expected to deliver additional period-over-period production increases going forward as the underground mine ramps-up to targeted levels.

Scott Perry, president and chief executive officer, said:

Our operation teams continue to build on the successes achieved in prior quarters and they have delivered the ninth consecutive quarter of production growth as well as a significant 17% decrease in cash costs at our cornerstone Young-Davidson mine. The Company continues to take a longer term view to position our operations for sustainable growth and shareholder value creation that will drive long term success

Click here to read the AuRico Gold Inc. (TSX:AUG,NYSE:AUQ) press release.