(All amounts are in U.S. dollars unless otherwise indicated)
TORONTO, Jan. 3, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") today announced that its Board of Directors
has declared a dividend payment of $0.04 per share for the fourth
quarter ending December 31, 2013, payable on January 29, 2014 to
shareholders of record at the close of business on January 14, 2014.
Dividend Reinvestment Plan
As previously announced on June 11, 2013, AuRico's Board of Directors
approved the introduction of a dividend reinvestment plan. Eligible
shareholders may elect to participate in the dividend reinvestment
plan. Participation in the dividend reinvestment plan is optional.
For further information on the Company's dividend reinvestment plan
please visit www.auricogold.com/DRIP.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with mines and projects
in North America that have significant production growth and
exploration potential. The Company is focused on its core operations
including the Young-Davidson gold mine in northern Ontario, and the El
Chanate mine in Sonora State, Mexico. AuRico's project pipeline also
includes advanced development opportunities in Mexico and Canada.
AuRico's head office is located in Toronto, Ontario, Canada.
This press release contains forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws. All statements, other than statements of historical
fact, are forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget" and
similar expressions identify forward-looking statements.
Forward-looking statements include information as to strategy, plans or
future financial or operating performance, such as the Company's
expansion plans, project timelines, production plans, projected cash
flows or capital expenditures, cost estimates, projected exploration
results, reserve and resource estimates and other statements that
express management's expectations or estimates of future performance.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management, are inherently subject to significant uncertainties and
contingencies. Known and unknown factors could cause actual results to
differ materially from those projected in the forward-looking
statements, including: uncertainty of production and cost estimates;
fluctuations in the price of gold and foreign exchange rates; the
uncertainty of replacing depleted reserves; the risk that the
Young-Davidson shaft will not perform as planned; the risk that mining
operations do not meet expectations; the risk that projects will not be
developed accordingly to budgets or timelines, changes in laws in
Canada, Mexico and other jurisdictions in which the Company may carry
on business; risks of obtaining necessary licenses, permits or
approvals for operations or projects such as Kemess; disputes over
title to properties; the speculative nature of mineral exploration and
development; risks related to aboriginal title claims; compliance risks
with respect to current and future environmental regulations;
disruptions affecting operations; opportunities that may be pursued by
the Company; employee relations; availability and costs of mining
inputs and labor; the ability to secure capital to execute business
plans; volatility of the Company's share price; continuation of the
dividend and dividend reinvestment plan; the effect of future
financings; litigation; risk of loss due to sabotage and civil
disturbances; the values of assets and liabilities based on projected
future cash flows; risks arising from derivative instruments or the
absence of hedging; adequacy of internal control over financial
reporting; changes in credit rating; and the impact of inflation.
Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking
statements contained herein. Such statements are based on a number of
assumptions which may prove to be incorrect, including assumptions
about: business and economic conditions; commodity prices and the price
of key inputs such as labour, fuel and electricity; credit market
conditions and conditions in financial markets generally; revenue and
cash flow estimates, production levels, development schedules and the
associated costs; ability to procure equipment and supplies and on a
timely basis; the timing of the receipt of permits and other approvals
for projects and operations; the ability to attract and retain skilled
employees and contractors for the operations; the accuracy of reserve
and resource estimates; the impact of changes in currency exchange
rates on costs and results; interest rates; taxation; and ongoing
relations with employees and business partners. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by applicable law.
SOURCE: AuRico Gold Inc.
For further information:
For further information please visit the AuRico Gold website at www.auricogold.com or contact:
President & Chief Executive Officer
AuRico Gold Inc.
Vice President, Investor Relations & Communications
AuRico Gold Inc.