AuRico Gold output rises Q/Q but at low end of 2013 guidance

AuRico Gold (AUQ +0.7%) reports its sixth consecutive quarter of production growth, and says the Young-Davidson and El Chanate operations continue to post in-line results.

Young-Davidson averaged 2,590 tons/day from the underground mine in Q4, exceeding the year-end targeted level of 2K tons/day; underground productivity for Q1 2014 is seen remaining in-line with Q4 levels and increasing steadily to reach a target of 4K tons/day by year-end.

AUQ says overall FY 2013 gold production totaled 192.6K oz., at the low end of its 190K-220K guidance.

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