Page 6 W ith commercial production of its Y oungDavidson Mine in Northeast ern Ontario declared as of Sept1 AuRico Gold Inc is looking forward to increased production in the fourth quarter The third quarter has been successful in further strengthening our portfolio of longlife lowcost assets to deliver reliable consistent and stable produc tion going forward said president and CEO Scott Perry Y oungDavidson is located near the T own of Matachewan approximately 60 km west of Kirkland Lake W ith additional expansion to mill ing capacity AuRico s investment in Y oungDavidson will reach one half billion dollars The additional money will be spent on equipment During the opening ceremonies Y oungDavidson general manager Luc Guimond commented on the project reaching two million hours without a lost work time injury say ing this is the result of true dedication by the employees to safety and he thanked them for that The property consists of contiguous mineral leases and claims totalling 1 1000 acres and is situated on the site of two past producing mines that produced one million ounces in the 1930s1950s Current production is coming from an open pit forecast to produce 65000 75000 ounces in 2012 and 135000 155000 ounces in 2013 The mine is expected to rampup to over 250000 ounces of annual peak production by 2016 AuRico Gold is a leading Canadian folio of three high quality mines and projects in North America that have ploration potential AuRico s core operations include the Ocampo Mine in Chihuahua State the El Chanate Mine in Sonora State both in Mexico and the Y oungDavidson Gold Mine in Northern Ontario AuRico s strong project pipeline also includes several advanced develop ment opportunities in Mexico and British Columbia Third quarter companywide produc tion results were well inline with ex pectations commercial production the Y oung Davidson Mine produced 9903 gold ounces at cash costs of 639 per gold ounce for the quarter was 19388 ounces of gold at cash costs of 434 per gold ounce the quarter was 21916 gold equiva lent ounces at cash costs of 754 per gold equivalent ounce using the real ized gold equivalency ratio of 551 Production in the fourth quarter at Y oungDavidson is expected to increase as the under ground mine comes into production providing additional higher grade feed for the mill stated Perry Commercial production was de clared at Y oungDavidson once the mine achieved previously established commissioning thresholds which in cluded the mill averaging a minimum throughput level of 5100 tonnes per day the open pit averaging 29750 tonnes per day of ore and waste min ing both over a 30day period as tation and gravity circuits Perry said the El Chanate Mine has delivered another solid quarter of stable production with cash costs in the lowest quartile amongst our peer group On Oct9 the company announced agreement pursuant to which Minera Frisco SAB de CV Minera Fris co will acquire the Ocampo Mine the adjacent exploration projects V e nus and Los Jarros and a 50 in terest in the Orion advanced develop ment project located in Nayarit State AuRico Gold Y o ungDavidson Gold Mine in pr oduction at Matachewan By Gregory Reynolds Contd on pg 7