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November 12, 2012
19:54 EDTAUQAuRico Gold provides update on Young-Davidson mine
On September 1, the Young-Davidson mine achieved commercial production. During October, the Young-Davidson mine produced 9,177 gold ounces. Production from the initial two stopes in the Upper Boundary Zone began in the latter part of October. During Q4 the company has targeted mining 90,000 tonnes at grades in excess of 3 grams per tonne gold, including the 12,000 tonnes mined in October at grades averaging 4 grams per tonne gold. Mill feed grades are continuing to increase, through a combination of higher grade open pit ore and the initial production contribution from the underground. The mill facility continued to operate at target levels during October. Raise boring of the second leg of the Northgate shaft is progressing well and is expected to be completed in early 2013. Structural work for the new headframe will be completed before year end, with mechanical installations completed in 1Q13. Construction of the mid-shaft crushing and loading infrastructure is on schedule for commissioning by mid-year 2013.
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