AuRico Metals Inc. (TSX: AMI),(“AuRico” or the “Company”) today reported its financial results for the second quarter. For complete details of the Financial Statements and associated Management’s Discussion and Analysis for the quarter ended June 30, 2017, please see the Company’s filings on SEDAR (www.sedar.com) or the Company’s website (www.auricometals.ca). All amounts are in US dollars unless otherwise indicated.
As quoted in the press release:
Commenting on the results, Chris Richter, President and CEO of AuRico Metals stated; “Over the first half of 2017 we reached a number of key milestones at Kemess, including the receipt of our EA Certificate for Kemess Underground, the signing of an Impact Benefit Agreement with our First Nations Partners, and the release of a positive PEA on Kemess East. I am proud of the progress the team has made in achieving these milestones and increasingly highlighting Kemess as a stand out, advanced stage, development opportunity in a top jurisdiction. We look forward to pursuing further value creation through our ongoing efforts on detailed engineering, permitting, and Kemess East drilling which will feed into an integrated Feasibility Study on Kemess Underground and Kemess East. With regards to our royalty portfolio, we are very excited about the significant increase in its value over the first half of the year, not least as a result of the growing reserves and expanding production at Fosterville. The success at Fosterville underscores the high quality nature of our royalty portfolio.”