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News Breaks | | | | September 5, 2012 | | 05:14 EDT |  | AUQ | AuRico Gold declares commercial production at the Young-Davidson mine
AuRico Gold reports that its Young-Davidson mine achieved commercial production effective Sept. 1. Located in Matachewan, Ontario, the Young-Davidson mine is expected to be a key, long lived, strategic asset for AuRico that has potential for significant production and reserve growth. Commercial production was declared once the mine achieved previously established commissioning thresholds, which included the mill averaging a minimum throughput level of 5,100 tonnes per day, the open pit averaging 29,750 tonnes per day of ore and waste mining, both over a 30-day period, as well as the commissioning of the flotation and gravity circuits. The production ramp-up at the Young Davidson mine continues to progress well and the operation is expected to be a major driver of AuRico's growth profile going forward. Production growth in 2013 and beyond will be supported by increasing contributions of higher grade ore as the underground mine begins production in Q4 of 2012 and ramps up to targeted levels of up to 8,000 tonnes per day by 2016. | |
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News For AUQ From The Last 14 Days Check below for free stories on AUQ the last two weeks. |
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| June 11, 2013 | | 08:30 EDT | | AUQ | AuRico Gold announces dividend reinvestment plan effective immediately
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