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AuRico Gold Inc. Message Board

sugardaddyandlong 3 posts  |  Last Activity: Mar 8, 2014 8:00 AM Member since: May 20, 2003
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  • sugardaddyandlong by sugardaddyandlong Mar 8, 2014 8:00 AM Flag

    The stable outlook reflects Moody's expectation that AuRico will maintain relatively steady production from El-Chanate and that Young-Davidson's underground mine will steadily ramp-up production through the next couple of years, supporting a reduction in total cash costs (revenue-EBITDA) towards $800/ ounces of gold.

  • sugardaddyandlong by sugardaddyandlong Feb 7, 2014 10:05 AM Flag

    Just relax collect the dividend while the stock appreciates over time with one of the best miners to own right now!
    AuRico Gold Announces 2014 Operational Outlook
    4:15p ET February 6, 2014 (PR NewsWire)

    Company-Wide Production Increasing by up to 25%

    AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") announces operational and capital investment estimates for 2014 that include significant production growth from the Young-Davidson mine as the operation enters its first full year of a three-year underground ramp-up to targeted production levels. All amounts are in U.S. dollars unless otherwise indicated. The Company will host a conference call and webcast on February 7, 2014 at 8:30 am ET.

    2014 Operational Estimates

    In 2014, company-wide production is expected to be in the range of 210,000 to 240,000 gold ounces, an increase of up to 25%. Production growth is primarily driven by quarter over quarter production increases from the cornerstone Young-Davidson mine. Company-wide cash costs are expected to be between $675 and $775 per ounce while all-in sustaining costs are expected to be between $1,100 and $1,200 per ounce. Capital investment requirements of $125 to $135 million have declined by up to 40% over the previous year reflecting the completion of construction activities at the Young-Davidson mine. It is anticipated that annual capital investment requirements as well as all-in sustaining costs per ounce will continue to further decline over the coming years.

    Link to Quarterly Production Growth Graph

    "Company-wide gold production is expected to significantly increase due to the steadily increasing production profile from our cornerstone Young-Davidson mine. In the first quarter, gold production from both assets is expected to increase over the prior quarter, which will represent the seventh consecutive quarter of company-wide gold production growth. This operational momentum is expected to continue throughout the year positioning the Company to deliver reliable, consistent and sustainable production growth," stated Scott Perry. He continued, "The Company is uniquely positioned with a low-cost asset base located in top jurisdictions that provide significant organic growth and a management team that is focused on quality production and a capital allocation strategy that positions the Company for long term value creation."

    Sentiment: Strong Buy

  • Reply to

    Shorts going nuts today

    by domrob821 Jan 29, 2014 9:51 AM
    sugardaddyandlong sugardaddyandlong Jan 29, 2014 11:46 AM Flag

    The price action today is disappointing, but today is also payday. Should see dividend payment tomorrow.

    Sentiment: Strong Buy

AUQ
4.23-0.16(-3.64%)Apr 15 4:00 PMEDT

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