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AuRico Gold Announces Preliminary Third Quarter Operational Results

TORONTO, October 15, 2013 /PRNewswire/ --

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") today announces preliminary third quarter operational results. All amounts are in U.S. dollars unless otherwise indicated.

AuRico reported its fifth consecutive quarter of production growth, with the Young- Davidson and El Chanate operations reporting production and cash costs results that were in-line with plan.

Commissioning of the shaft hoisting system at the Young- Davidson underground mine is a key project milestone that will support increased underground productivities and favourable unit cost efficiencies over the life of the mine and will be completed in October, facilitating a scheduled October 31 declaration of commercial production.
                                 Second                YTD as
                                 Quarter                 of
                   First Quarter  June   Third Quarter  Sept.
                    March 31/13   30/13   Sept. 30/13   30/13    2013 Guidance
    Gold Ounces
    Produced[3]       28,281     29,252     30,099     87,632   120,000-140,000
    Total Cash
    Costs per
    oz.[1],[2]          $694       $716       $662       $691         $575-$675
    El Chanate
    Gold Ounces
    Produced          17,889     18,751     18,804     55,444     70,000-80,000
    Total Cash
    Costs per
    oz.[2]              $563       $602       $588       $585         $550-$600
    Gold Ounces
    Produced[3]       46,170     48,003     48,902     143,075  190,000-220,000
    Total Cash
    Costs per
    oz.[1],[2]          $635       $655       $626       $639         $565-$645

Preliminary 2013 Third Quarter Operational Results
    [1.] Prior to commissioning the underground mine at Young-Davidson, cash
         costs are calculated on ounces produced from the open pit only. All
         underground costs are capitalized, and any revenue related to
         underground ounces sold is credited against capital.
    [2.] Cash costs, prior to long-term, low-grade stockpile and heap leach
         inventory net realizable value adjustments & reversals, are estimates
         only and are subject to change. See the Non-GAAP Measures section on
         page 18 of the Management's Discussion and Analysis for the three
         months ended June 30, 2013.
    [3.] Includes pre-production gold ounces from the Young-Davidson
         underground mine.

"The October commissioning of the shaft and hoisting system and the subsequent declaration of underground commercial production will represent a major milestone for the Company as this significant achievement will be pivotal in unlocking the potential of the Young- Davidson mine and positioning the Company for the future," stated Scott Perry, CEO of AuRico. He continued, "The Young- Davidson team has delivered one of the smoothest commissioning periods in recent years and we are pleased and encouraged by the steady progress being reported over the past number of quarters. The Company remains well positioned to deliver quarter over quarter productivity improvements going forward and remains on target to meet company-wide production and cash costs guidance for the year."

Third Quarter Dividend Declared

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