TORONTO, June 27, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ) ("AuRico Gold" or the "Company") today announced the appointment of Mr.
Alan Edwards as non-executive Chairman of the Board effective July 1,
2013. Mr. Edwards was appointed as an independent director on May 13,
2010 and has served as Chair of the Sustainability Committee.
Mr. Edwards has over 30 years of international mining experience,
including as President and CEO of Copper One Inc., President and CEO of
Frontera Copper Corporation, and Executive VP and COO of Apex Silver
Mines Corporation. He is currently Director and CEO of Oracle Mining
Corporation. Mr. Edwards is also the Chairman of AQM Copper Inc., and a
director of Entrée Gold Inc. and U.S. Silver & Gold Inc.
"Alan has been an active director since joining the Board in 2010, and
since that time the Company has benefitted from Alan's extensive
operational and board experience," stated Ron Smith, Interim Chairman
of the Board. "We are confident that under Alan's leadership, we will
continue to work as a highly productive and effective Board that will
serve the interests of the Company and its shareholders, particularly
during this period of significant growth at the Young-Davidson mine."
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with mines and projects
in North America that have solid 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 and its project pipeline also includes advanced
development opportunities in Canada and Mexico. AuRico Gold's head
office is located in Toronto, Ontario, Canada.
Certain information included in this press release constitutes
forward-looking statements, including any information as to our
projects, plans and future financial and operating performance, and the
implementation and continued availability of the dividend reinvestment
plan. All statements, other than statements of historical fact, are
forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current
estimates of mineral reserves and resources; fluctuations in the price
of gold; changes in foreign exchange rates (particularly the Canadian
dollar, Mexican peso and U.S. dollar); the impact of inflation; changes
in our credit rating; any decision to declare a quarterly dividend;
employee relations; litigation; disruptions affecting operations;
availability of and increased costs associated with mining inputs and
labor; development delays at the Young-Davidson mine; operating or
technical difficulties in connection with mining or development
activities; inherent risks associated with mining and mineral
processing; the risk that the Young-Davidson and El Chanate mines may
not perform as planned; uncertainty with the Company's ability to
secure capital to execute its business plans; the speculative nature of
mineral exploration and development, including the risks of obtaining
necessary licenses and permits; contests over title to properties;
changes in national and local government legislation in Canada, Mexico
and other jurisdictions in which the Company does or may carry on
business in the future; risk of loss due to sabotage and civil
disturbances; the impact of global liquidity and credit availability
and the values of assets and liabilities based on projected future cash
flows; risks arising from holding derivative instruments; and business
opportunities that may be pursued by the Company. Many of these
uncertainties and contingencies can affect our actual results and could
cause actual results to differ materially from those expressed or
implied in any forward-looking statements made by, or on behalf of, us.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. All of the forward-looking statements
made in this press release are qualified by these cautionary
statements. Specific reference is made to the most recent Form
40-F/Annual Information Form on file with the SEC and Canadian
provincial securities regulatory authorities for a discussion of some
of the factors underlying forward-looking statements.
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:
President & Chief Executive Officer
AuRico Gold Inc.
Vice President, Investor Relations & Communications
AuRico Gold Inc.