Download - Scotiabank Latin American Mining Conference 2013

Committed to Shareholder Value Creation Scotiabank Latin American Mining Conference

June 3, 2013 TSX: AUQ / NYSE: AUQ

www.auricogold.com

FORWARD LOOKING STATEMENTS

This presentation 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. Such factors include: 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 and El Chanate mine may not perform as planned; changes in laws or regulations in Canada, Mexico and other jurisdictions in which the Company may carry on business; risks of obtaining necessary licenses, permits, authorizations or approvals for operations or projects such as Kemess; contests 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; any decision to declare dividends; 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 holding derivative instruments; risks arising from the absence of hedging; adequacy of internal control over financial reporting; changes in our 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 rates and the costs for each; our ability to procure equipment and supplies in sufficient quantities and on a timely basis; the timing of the receipt of permits and other approvals for our projects and operations; our ability to attract and retain skilled employees and contractors for our operations; the accuracy of our reserve and resource estimates; the impact of changes in currency exchange rates on our costs and results; interest rates; taxation; and our ongoing relations with our 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. Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources This presentation uses the terms "measured," "indicated" and "inferred” resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

2

Kemess

Young-Davidson

El Chanate

Orion

High Quality Asset Base

Young-Davidson, Canada 2012A 2013E(5)

Production Au oz.(7) 56,138 120-140k

Cash Costs per Au oz.(3)(4) $708 $575-$675

All-in Cash Costs per Au oz.(3)(15) - $1,250-$1,350

2012 Reserves and Resources (000’s oz. Au)

Proven and Probable Reserves(6) 3,804 2.60 Au g/t

Measured and Indicated Resources(6) 855 2.71 Au g/t

Inferred Resources(6) 1,260 2.80 Au g/t

El Chanate, Mexico 2012A 2013E(5)

Production Au oz.(7) 71,145 70-80k

Cash Costs per Au oz.(3)(4) $434 $550-$600

All-in Cash Costs per Au oz.(3)(15) - $900-$1,000

2012 Reserves and Resources (000’s oz. Au)



Inferred Resources(6) 6 0.48 Au g/t

A Pure Gold Producer Focused on Quality Assets in North America

3 (3) Refer to endnote #3. (5) Refer to endnote #5. (7) Refer to endnote #7. (4) Refer to endnote #4. (6) Refer to endnote #6. (15) Refer to endnote #15.

Exploration & Development Projects

Operating Gold Mines

Capital Markets Profile

Analyst Coverage

1. BMO Nesbitt Burns

2. Canaccord Genuity

3. CIBC

4. Credit Suisse

5. Cowen Securities

6. Desjardins Securities

7. Dundee Securities

8. GMP Securities

9. Mackie Research

10. Macquarie Securities

11. Merrill Lynch

12. National Bank

13. Raymond James

14. RBC Capital Markets

15. Scotia Capital

16. TD Securities

17. UBS

Capital Structure

Cash on hand(1) $269M

Available Credit Facility $150M

Fully diluted shares outstanding(1) 257.7M

Market Capitalization $1.2B

NYSE & TSX 3-month avg. daily trading volume 4M

3 (1) Refer to endnote #1.

The Transformed AuRico

• High quality operations located in North America • Divested non-core assets ($1.0B+)(2)

• Low-cost, quality production ounces • Long mine lives & growing reserves per share

Quality Assets

• Strong organic production growth profile • Focused on quality, low-cost ounces • Growing production per share

Organic Growth Profile

• Cash balance of $269M(1)

• Undrawn debt facility of $150M

• Growing profitability and cash flow per share

Peer-Leading Balance Sheet

• Completed $300M substantial issuer bid • Peer-leading dividend policy • Growing dividend per share • Insider buying

Shareholder Friendly Initiatives

Delivering Reliable, Consistent, Sustainable Performance

(1) Refer to endnote #1. (2) Refer to endnote #2.

5

A High Quality Asset Base

Stawell Fosterville El Cubo

$1,319

$1,895

2011 gold price range

El Chanate Young-Davidson Ocampo

“We have significantly traded up on the overall quality of the asset base which positions AuRico well for reliable, consistent, and sustainable performance.”

6

Streamlined Asset Base on the Lower End of the 2011 Industry Cost Curve

Source: 2011 Brook Hunt Data

Cas

h co

st c

urve

(US$

/oz)

Percentile of total paid gold

Current Assets

Divested Assets

Continuing Operations Performance

(in thousands, except ounces, per share amounts, and total cash costs) FY 2012 Q4 2012 Q1 2013

Total gold ounces produced(7) 127,283 41,145 46,170

Total cash costs per gold ounce(3)(4) $516 $628 $635

Revenue from mining operations $163,622 $63,119 $64,885

Adjusted net earnings(3)(13) $34,729 $13,681 $10,897

Adjusted net earnings per share, basic(3)(13) $0.12 $0.05 $0.04

Continuing operations include the Young-Davidson and El Chanate mine operations.

7

Second Consecutive Quarter of Solid Results in Line with Guidance Levels

(3) Refer to endnote #3. (7) Refer to endnote #7. (4) Refer to endnote #4. (13) Refer to endnote #13.

YD Historic Mine Workings

Open Pit

Ramp Portal 10350L

NG Shaft MCM Shaft

9890L

9590L

9400L

9200L

8900L

MCM Historic Mine Workings

Young-Davidson Mine

• Low cost producer & strong production growth profile

• Long mine life: Opportunity for expansion as reserves increase

• Underground production commenced Oct./12

• Hoisting ore targeted during Q3 2013

• Exploration focus on YD West Zone; orebody open at depth

UBZ Zone

Mid-Shaft Loading Pocket

YD West Zone

2012A 2013E(5)

Production (gold ounces)(7) 56,138 120,000-140,000

Cash Costs (per gold ounce)(3)(4) $708 $575-$675

All-in Cash Costs (per gold ounce)(3)(15) - $1,250-$1,350

P&P Reserves (oz.)(6) 3.8 million

Resources (oz.)(6) 855,000

8 (3) Refer to endnote #3. (6) Refer to endnote #6. (4) Refer to endnote #4. (7) Refer to endnote #7. (5) Refer to endnote #5. (15) Refer to endnote #15.

9

9590 Level Ore Rockbreaker Completed

9590 Level Waste Rockbreaker Completed

2nd Leg of Shaft Reaming Completed

9500 Level Conveyor

9530 Level Crusher Room

Mid Shaft Loading Pocket Commissioning

Young-Davidson Production Shaft

Northgate Mid-shaft Loading Pocket Milestones:

• Commissioning the mid-shaft crushing and hoisting system during Q3

• Key catalyst for further increases in U/G production

• Completed raise boring of the second leg of production shaft mid-April

• Vertical access to 1.8M ounces, or 8 years of production

• Vertical depth of ~900m

• Loading pocket and crusher installation ongoing

Young-Davidson Life of Mine

10

Significant Mine Life: Opportunity for Expansion as Reserves Increase

Life of Mine profile depicts Proven & Probable Reserves only

El Chanate Mine

• Target mining rates of ~100k tpd

• Accelerated pre-development program

• High exploration potential for expansion of existing reserves

• Northwest extension targets

• Southeast extension targets

Delivering Consistent, Stable Results; High Margin Ounces

2012A 2013E(5)

Production (gold ounces)(7) 71,145 70,000-80,000

Cash Costs (per gold ounce)(3)(4) $434 $550-$600

All-in Cash Costs (per gold ounce)(3)(15) - $900-$1,000

P&P Reserves (oz.)(6) 1.2 million

11

24,610 37,625

64,781 95,856

2009 2010 2011 2012

Open Pit Tonnes Per Day

(3) Refer to endnote #3. (5) Refer to endnote #5. (7) Refer to endnote #7 (4) Refer to endnote #4. (6) Refer to endnote #6. (15) Refer to endnote #15.

47,823 61,550 67,092 71,145

2009 2010 2011 2012

Annual Production

New Mineralization at El Chanate(6)

Hole 741 (view looking south) El Chanate Mine (looking south)

North West Zone Hole ID From (m) To (m) Length (m) Au g/t

CHCI-731 183.0 192.0 9.0 0.31 210.0 217.5 7.5 0.26

CHCI-732 55.5 82.5 27.0 0.45 CHCI-733 24.0 34.5 10.5 0.91 CHCI-734 133.5 141.0 7.5 1.51 CHCI-735 97.5 103.5 6.0 2.07 CHCI-749 7.5 21.0 13.5 0.19

Rono Hole ID From (m) To (m) Length (m) Au g/t

CHCI-740 76.5 135.0 58.5 0.27 CHCI-741 114.0 166.5 52.5 0.34

Loma Prieta Hole ID From (m) To (m) Length (m) Au g/t

CHCI-705 46.5 54.0 7.5 0.92 CHCI-716 52.5 64.5 12.0 8.35

CHCI-717 58.5 66.0 7.5 3.60 88.5 93.0 4.5 6.52

CHCI-725 61.5 75.0 13.5 1.70 CHCI-727 48.0 54.0 6.0 4.52 CHCI-747 64.5 70.5 6.0 2.10


Kemess Underground

Kemess, Canada - Gold

2012 Reserves and Resources (000’s oz Au)




Kemess, Canada - Copper

2012 Reserves and Resources (000’s lbs Cu)

Probable Reserves(6) 619,151 0.28%

Indicated Resources(6) 346,546 0.24%

Inferred Resources(6) 46,101 0.21%

• Copper/gold porphyry deposit

• Located in British Columbia, Canada

• Feasibility study completed

• Underground block cave operation

• 105k oz Au and 44M lbs Cu annually

• Cash costs of $213 per gold ounce (net of by-product credits)

• Approx. 12 year mine life

• Significant leverage to higher metal prices

• Existing infrastructure:

• Mill facilities and previously permitted tailings storage

• Value surfacing opportunity 13 (6) Refer to endnote #6.

Orion Joint Venture

• Joint Venture partnership

• AuRico and Minera Frisco

• $2.0M (10,000m) combined exploration program (2013)

• 110,000 hectare land package (Nayarit State, Mexico)

• Historic mining district

• Low sulfidation, high-grade, epithermal vein system mapped over 12km

• Less than 3% of property has been drill tested

• Minimal exploration near surface and untested at depth

• Value surfacing opportunity

Orion, Mexico - Gold (50%)

2012 Resources (000’s oz. Au)




Orion, Mexico – Silver (50%)

2012 Resources (000’s oz. Ag)

Indicated Resources(6) 5,503 309 Ag g/t

Inferred Resources(6) 275 95 Ag g/t

Production Growth

15

Increasing production profile(3)(4)(5)(9)

$300

$400

$500

$600

$700

0

100

200

300

400

2012A 2013E 2014E 2015E

Cas

h co

sts

per o

unce

Oun

ces

(000

’s)

Production Cash Costs

Decreasing capital expenditures(5)(9)

$0

$100

$200

$300

$400

2012A 2013E 2014E 2015E

US$

(m

illio

ns)

Capex(3) Refer to endnote #3. (5) Refer to endnote #5. (4) Refer to endnote #4. (9) Refer to endnote #9.

Free Cash Generating Capacity

Robust cash flow profile driven by long life mines, production growth and decreasing capital expenditure profile

(10) Refer to endnote #10. 16

Quality Assets Generating Free Cash Flow at $1,200 Gold(10)

($400)

($300)

($200)

($100)

$0

$100

$200

2012A 2013E 2014E 2015E

US$

(m

illio

ns)

Consolidated Capex FCF $1,600 AuFCF $1,500 Au FCF $1,400 AuFCF $1,300 Au FCF $1,200 Au

• 2013: Equivalent annual dividend of $0.16 per common share (payable quarterly)

• Board decision to use current strong cash position reflects confidence in growing cash flow stream starting in 2014

• 2014: 20% payout ratio of operating cash flow (“OCF”) generated in the preceding quarter, divided by outstanding common shares at time of approval

• Peer-leading yield with opportunity to increase

• Increased shareholder exposure through recent $300M share buyback

Dividend Policy

17

Illustrative Yield per Street Consensus Operating Cash Flow per Share(8)(11)

3.4% 3.1%

4.3% 4.6%

2013E 2014E 2015E 2016E

Payout ratio: 20% OCF Initial dividend of $0.16/per share


Accretive Growth Per Share

18 (5) Refer to endnote #5. (11) Refer to endnote #11. (14) Refer to endnote #14. (6) Refer to endnote #6. (12) Refer to endnote #12.

$0.14

$0.48

$0.72 $0.82

2012A 2013E 2014E 2015E

Operating Cash Flow per Share(11)(14)

($0.34)

$0.25

$0.37 $0.38

2012A 2013E 2014E 2015E

Earnings per Share(11)(14)

($1.31) ($0.10) $0.36

$0.72

2012A 2013E 2014E 2015E

Free Cash Flow per Share(5)(10)(11)

8.8

15.5

18.2

24.1

27.7

Apr. 2011(Post CGC

Acquisition)

Oct. 2011(Post NGX

Acquisition)

YE 2011 YE 2012 Current(May 2013)

2P Reserves per 1,000 Shares (oz.)(6)(11)(12)

10.1

20.8

36.7 35.5

40.7

Apr. 2011(Post CGC

Acquisition)

Oct. 2011(Post NGX

Acquisition)

YE 2011 YE 2012 Current(May 2013)

All-in Resources per 1,000 Shares (oz.)(6)(11)(12) Gold Production per 1,000 Shares (oz.)(5)(12)(14)

0.2

0.5

0.8

1.0

1.2

2011A 2012A 2013E 2014E 2015E

The Transformed AuRico

• High quality operations located in North America • Divested non-core assets ($1.0B+)(2)

• Low-cost, quality production ounces • Long mine lives & growing reserves per share

Quality Assets

• Strong organic production growth profile • Focused on quality, low-cost ounces • Growing production per share

Organic Growth Profile

• Cash balance of $269M(1)

• Undrawn debt facility of $150M

• Growing profitability and cash flow per share

Peer-Leading Balance Sheet

• Completed $300M substantial issuer bid • Peer-leading dividend policy • Growing dividend per share • Insider buying

Shareholder Friendly Initiatives

Delivering Reliable, Consistent, Sustainable Performance


19

Endnotes 1. Company cash on hand as of March 31, 2013. Fully diluted shares (excluding convertible debentures) as of May 9, 2013.

2. The Company announced proceeds on sale of over $1 billion dollars during 2012, which is comprised of $55 million cash on the sale of Fosterville and Stawell to Crocodile Gold Corporation, $100 million cash and $100 million in common shares on the sale of the El Cubo mine and Guadalupe y Calvo project to Endeavour Silver Corporation, and $750 million in cash on the sale of the Ocampo mine and a 50% interest in the Orion advanced development project to Minera Frisco.

3. Cash Costs per Gold Ounce, All-In Cash Costs Per Gold Ounce, and Adjusted Net Earnings are Non-GAAP measures that do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS” or “GAAP”), and that should not be considered in isolation from or as a substitute for performance measures prepared in accordance with GAAP. See the Non-GAAP Measures section on page 30 of the Management's Discussion and Analysis for the year ended December 31, 2012 available on the Company website at www.auricogold.com.

4. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a cost credit. Gold ounces include ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine. 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 expenditures.

5. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments, please refer to the press release dated March 25, 2013 titled AuRico Reports Fourth Quarter and Annual Financial Results available on the Company website at www.auricogold.com.

6. Reserves and resources for Young-Davidson and El Chanate mines, Kemess Underground Project, and Orion represent gold grade as per technical reports and Company disclosure. For more information regarding AuRico Gold’s Mineral Reserves and Resources as at December 31, 2012 and the Kemess Feasibility Study, please refer to the press release dated March 25, 2013 titled AuRico Reports 2012 Reserve & Resource Update and Kemess Feasibility Study Results, available on the Company website at www.auricogold.com. Measured and indicated resources excludes inferred resources.

7. Production figures include gold ounces only. Production at the Young-Davidson mine includes pre-production ounces, which include ounces produced prior to the declaration of commercial production on September 1, 2012, as well as all ounces produced from the underground mine.

8. The illustrative yield assumes the share price as of May 22, 2013. Figures for 2014-2016 operating cash flow apply consensus data for cash costs, production estimates, and capex figures and a $1,600/oz gold price assumption. Consensus data is as of May 21, 2013. For more information regarding AuRico Gold’s dividend policy, please refer to the press release dated February 21, 2013, available on the Company website at www.auricogold.com.

9. Figures for 2012 include continuing operations only. Figures for 2013 are based on mid-point of AuRico’s 2013 operational estimates. Figures for 2014 and 2015 are based on consensus data only. Consensus data is as of May 21, 2013.

10. Figures for 2012 include continuing operations only. Figures for 2013 are based on mid-point of AuRico’s 2013 operational estimates, and consensus data. The calculation of 2014 and 2015 operating cash flow and free cash flow apply consensus data for cash costs, production estimates, and capex figures, and are based on a $1,600/oz gold price assumption unless noted otherwise. Operating cash flow is before changes in working capital. Consensus data is as of May 21, 2013.

11. 2013 to 2015 per share numbers are based on the number of shares outstanding as of January 31, 2013, subsequent to the completion of a $300M Substantial Issuer Bid.

12. Production per 1,000 shares and reserves and resources per 1,000 shares includes the production, reserves and resources of the Young-Davidson mine, El Chanate mine, Kemess Underground Project and Orion for each period presented.

13. For further information on Adjusted Net Earnings and Adjusted Net Earnings Per Share, please refer to the reconciliation of adjusted net earnings table and the Non-GAAP Measures section included in the press release dated March 25, 2013 titled AuRico Reports Fourth Quarter and Annual Financial Results, and the press release dated May 9, 2013 titled AuRico Reports First Quarter Financial Results, available on the Company website at www.auricogold.com.

14. Figures for 2012 include continuing operations only. Figures for 2013-2015 are based on consensus data as of May 21, 2013. Mid-point of 2013 production guidance is applied for 2013 Gold Production per 1,000 Shares.

15. All-in costs are defined as cash costs, sustaining capital, corporate general and administrative expense, reclamation, care and maintenance expense, and exploration expenditures. Prior to commissioning the underground mine at Young-Davidson, all-in 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 expenditures. 20

http://www.auricogold.com/





Committed to Shareholder Value Creation Scotiabank Latin American Mining Conference

June 3, 2013 TSX: AUQ / NYSE: AUQ

www.auricogold.com

Appendix

2013 Operational Estimates(5)


2013 Operational Estimates (March 25, 2013) Gold Production (ounces)

Young-Davidson 120,000-140,000 El Chanate 70,000-80,000

Total Production 190,000-220,000 Cash Costs per Ounce

Young-Davidson $575-$675 El Chanate $550-$600

Total Cash Costs per Ounce $565-$645 All-in Cash Costs

Young-Davidson $1,250-$1,350 El Chanate $900-$1,000

Total All-in Cash Costs per Ounce $1,100-$1,200 Capital Investment Program (US$000’s)

Young-Davidson Non-recurring Growth Capital

Paste Backfill Plant $45,000-$50,000 Shaft and Mid-Shaft Loading and Crushing Facility $25,000-$30,000 Open Pit Mine Development $6,000-$8,000

Sustaining Capital $59,000-$62,000 Total Capital Investment – Young Davidson $135,000-$150,000 El Chanate

Non-recurring Growth Capital Southeast Open Pit Expansion $20,000-$25,000 Heap Leach Expansion $2,000-$3,000

Sustaining Capital $8,000-$12,000 Total Capital Investment – El Chanate $30,000-$40,000 Total Capital Investment $165,000-$190,000 Depletion and Amortization (US$ per ounce)

Young-Davidson $300-$310 El Chanate $245-$255

Total Depletion and Amortization $280-$290 Exploration (US$000’s)

Young-Davidson Up to $3,500 El Chanate Up to $3,500 Other Properties Up to $8,000

Total Exploration Up to $15,000 General and Administrative (US$000’s)

Corporate G&A $25,000

All-in Sustaining Cost Allocation

Cash Costs

Sustaining

Exploration

Corporate G&A

2013 All-in Sustaining Cost $1,100-$1,200 per ounce

Labour 57%

Power 6%

Diesel 9%

Consumables 19%

Materials/Mtc 9%

Cost Allocation

(Includes contract labour)

All-in Sustaining Cost

• Provides increased transparency

• More representative of actual cost of production

• Removes influence of accounting treatments

• Can be reconciled to OCF

24

25

Q2 Stopes

Q2 Stopes

Q3 Stopes

Q4 Stopes

Underground Development

Proven and Probable Reserves

26

Proven Reserves Probable Reserves

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 36,845 0.68 801 19,015 0.66 403

Young-Davidson - Surface 3,934 1.28 162 2,491 1.36 109

Young-Davidson - Underground 4,547 2.97 434 34,490 2.80 3,100

Total Young-Davidson 8,481 2.19 596 36,981 2.70 3,209

Kemess Underground (KUG) - - - 100,373 0.56 1,805

AuRico - Total 45,326 0.96 1,397 156,369 1.08 5,417

Total Proven and Probable Reserves

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 55,859 0.67 1,204

Young-Davidson - Surface 6,425 1.31 271

Young-Davidson - Underground 39,037 2.82 3,534

Total Young-Davidson 45,462 2.60 3,804

Kemess Underground (KUG) 100,373 0.56 1,805

AuRico - Total 201,695 1.05 6,813

Measured and Indicated Resources

27

Total Measured and Indicated Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 3,468 0.37 41

Young-Davidson - Surface 291 1.70 16

Young-Davidson - Underground 9,531 2.74 839

Total Young-Davidson 9,821 2.71 855

Kemess Underground (KUG) 65,432 0.41 854

Orion (50%) 554 3.36 65

AuRico - Total 79,274 0.71 1,815

Measured Resources Indicated Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 1,233 0.31 12 2,235 0.40 29

Young-Davidson - Surface 98 1.60 5 193 1.76 11

Young-Davidson - Underground 877 4.17 118 8,654 2.59 722

Total Young-Davidson 975 3.91 123 8,846 2.58 733

Kemess Underground (KUG) - - - 65,432 0.41 854

Orion (50%) - - - 554 3.66 65

AuRico - Total 2,208 1.90 135 77,067 0.68 1,680

Inferred and Copper Resources

28

Inferred Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 409 0.48 6

Young-Davidson - Surface 31 0.99 1

Young-Davidson - Underground 13,983 2.80 1,259

Total Young-Davidson 14,014 2.80 1,260

Kemess Underground (KUG) 9,969 0.39 125

Orion (50%) 91 3.33 10

AuRico - Total 24,483 1.78 1,400

Copper Reserves & Resources

Kemess Tonnes (000’s)

Copper (%)

Copper lbs. (000’s)

Probable Reserves 100,373 0.28 619,151

Indicated Resources 65,432 0.24 346,546

Inferred Resources 9,969 0.21 46,101

Silver Resources

Orion (50%) Tonnes (000's)

Silver (g/t)

Silver Oz. (000's)

Indicated Resources 554 309 5,503

Inferred Resources 91 95 275

Notes to Reserves and Resources

Notes:

• Mineral Reserves and Resources have been stated as at December 31, 2012. • Mineral Resources are in addition to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability when calculated using Mineral

Reserve assumptions. Reserves have been reported in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms “Measured”, “Indicated and “Inferred” Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the SEC. Investors should understand that “Inferred” Mineral Resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of AuRico’s Mineral Resources constitute or will be converted into Reserves.

• Following the completion of a joint venture agreement, Minera Frisco has a 50% interest in the Orion Project. • Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

29

The following metal prices were used for the calculation of Reserves and Resources:

Reserves Resources

USD Au $/oz Ag $/oz Cu $/lb Au $/oz Ag $/oz Cu $/lb

El Chanate $1,400 - - $1,600 - -

Young-Davidson $1,400 - - $1,600 - -

Kemess Underground $1,300 $23.00 $3.00 $13.00 NSR

Orion - - - $850 $13.00 -

Reserves and Resources were prepared under the supervision of the following Qualified Persons:

Resources Reserves

El Chanate Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc. Chris Sharpe, P.Eng, Manager Mining, AuRico Gold Inc.

Young-Davidson - Open Pit Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc. Chris Sharpe, P.Eng, Manager Mining, AuRico Gold Inc.

Young-Davidson - Underground Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

Chris Bostwick, FAusIMM, SVP Technical Services, AuRico Gold Inc.

Kemess Underground Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

Chris Bostwick, FAusIMM, SVP Technical Services, AuRico Gold Inc.

Orion Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

Download - Scotiabank Latin American Mining Conference 2013

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