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AuRico Gold 2014 Operational Outlook

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Information about AuRico Gold 2014 Operational Outlook
Investor Relations

Published on February 6, 2014

Author: AuricoGold

Source: slideshare.net

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2014 Operational Outlook February 7, 2014 TSX: AUQ / NYSE: AUQ www.auricogold.com

Home Safe, Every Day Fostering a safety culture where zero injuries are possible ► Young Davidson – 1.4MM Hours Lost Time Incident Free ► El Chanate - 1.5MM Hours Lost Time Incident Free ► AuRico – 2.9MM Hours Lost Time Incident Free Safety training at the Young-Davidson mine Celebrating a safety milestone at the El Chanate mine 2

2013 Operational Highlights Company-Wide Production Growth 55,000 50,000 Young-Davidson El Chanate Gold Ounces Produced 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14E ► Young-Davidson and El Chanate reported solid 2013 production in-line with guidance ► Declared commercial production at the Young-Davidson underground mine on October 31 ► Construction phase at Young-Davidson completed 3

2014 Operational Guidance ► Gold production increase of up to 25%, with continued annual growth over next 3 years ► AISC anticipated to decrease as production increases to targeted levels ► Up to 40% decrease in capital investment, with additional decreases going forward 2014 Operational Guidance Highlights 250 Growing Production 250 Declining Capex $1,300 225 All-in Sustaining Costs $1,200 200 US$ per ounce $1,100 150 US$ (000’s) Production Oz. (000’s) 200 175 100 150 $1,000 $900 50 125 $800 100 $700 0 2013 2014 2013 2014 2013 2014 4

Young-Davidson Outlook Gold Production (ounces) 140,000 – 160,000 Underground Mine Cash Costs $650 - $750 Open Pit (incl. stockpile) ► Production increase of up to 32% ► Decreasing AISC will be driven by growing production profile ► 2014 mine plan is 75% laterally accessed & 100% vertically accessed ► 2014 Young-Davidson Operational Estimates Lower mine vertical development will provide access to 20 years of strategic mine life $850 - $950 Cash Costs per Ounce $700 - $800 All-in Sustaining Costs $1,100 - $1,200 2014 Young-Davidson Capital Investment Lower Mine Vertical Development $25,000 Non-Recurring Capital $25,000 Sustaining Capital Total Capital Investment $55,000 - $60,000 $105,000 - $110,000 5

Young-Davidson Ramp-Up Disciplined underground ramp-up ► ► ► Productivity ramping from 2,500tpd in Q1 to a year-end exit rate of 4,000tpd Ultimate target of 8,000tpd by end of 2016 In-line underground unit mining costs ► Underground Mine Ramp-up 9,000 (Year-End Productivity Targets) 8,000 Tonnes per Day ► 7,000 6,000 5,000 4,000 3,000 $39/t in November and December 2,000 ► $45/t in Q1 with inclusion of pastefill ► Decreasing unit costs throughout the year with increased productivity 1,000 - 2014 2015 2016 2017 Young-Davidson ramping-up to be one of largest gold mines in the Abitibi Gold Ounces Produced 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14E 6

El Chanate Outlook 2014 El Chanate Operational Estimates Gold Production (ounces) 70,000 - 80,000 Cash Costs per Ounce $625 - $725 All-in Sustaining Costs $1,000 - $1,100 2014 El Chanate Capital Investment $17,500 - $22,500 Surface Capital Projects Total Capital Investment ► ► $2,500 75,000 $20,000 - $25,000 Consistent year-over-year production Consistently operating at targeted levels Stable Annual Gold Production 70,000 Gold Production Oz. Capitalized Stripping 65,000 60,000 55,000 ► Cash costs at the lower end of the industry cost curve ► Significant opportunity to extend mine life 45,000 ► Access to an additional 15-20 km of the El Chanate Fault 40,000 50,000 2011 2012 2013 2014E 7

Disciplined Quarterly Growth Profile ► Consistent increase in quarterly production since start-up of Young-Davidson ► Delivered sixth consecutive quarter of company-wide production growth ► Quarterly production increase is expected to continue as the YD underground mine ramps-up Disciplined Quarter over Quarter Production Growth (1) 46,170 48,003 48,903 49,523 Q3-2013 Q4-2013 41,145 37,213 Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q1-2014 Q2-2014 Q3-2014 Q4-2014 (1) 2014 quarterly production indicated in the chart above is illustrative of expected production increases and should not be considered as quarterly guidance 8

Positioned For Value Creation Two quality assets in top jurisdictions • Core assets located in Canada and Mexico • Low geo-political risk Low cost production with organic growth • Production is at lower end of cost curve • 3-year organic growth production profile Long mine life with exploration potential Strong financial position Focused on long-term value creation • Young-Davidson mine life of over 20 years • New mineralized targets at El Chanate • Strong liquidity position • Significantly decreasing capital requirements • Positioning operations for long-term success • Driving efficiencies for any gold price environment 9

Appendix

2014 Operational Estimates 2014 Operational Estimates (1) Gold Production (ounces) Young-Davidson El Chanate Total Production Cash Costs per Ounce Young-Davidson Underground Mine Open Pit (incl. stockpile) Young-Davidson Total El Chanate Total Cash Costs per Ounce All-in Sustaining Costs Young-Davidson El Chanate Total All-in Sustaining Costs per Ounce2,3 140,000 – 160,000 70,000 - 80,000 210,000 – 240,000 $650 - $750 $850 - $950 $700 - $800 $625 - $725 $675 - $775 $1,100 - $1,200 $1,000 - $1,100 $1,100 - $1,200 11

2014 Operational Estimates Capital Investment Program (US$000’s) Young-Davidson Non-Recurring Capital Lower Mine Vertical Development MCM Shaft Deepening Lower Mine Ramp Advance Fixed Assets Underground Mobile Equipment Underground Ventilation Infrastructure Surface Capital Projects Sustaining Capital Underground Development – Production Ramp-up Total Capital Investment – Young Davidson El Chanate Capitalized Stripping Surface Capital Projects Total Capital Investment – El Chanate Total Capital Investment Exploration (US$000’s) Company-wide Exploration General and Administrative (US$000’s)4 Corporate G&A 1. 2. 3. 4. $15,000 $10,000 $10,000 $5,000 $10,000 $55,000 - $60,000 $105,000 - $110,000 $17,500 - $22,500 $2,500 $20,000 - $25,000 $125,000 - $135,000 $10,000 $20,000 The following currency assumptions were used to forecast 2014 estimates: 0.95:1 US dollar to the Canadian dollar and 13.0:1 Mexican pesos to the US dollar All-in sustaining costs are defined as cash costs, sustaining capital, corporate general and administrative expense and sustaining exploration. Sustaining capital is defined as capital expenditures required to maintain current levels of production. Does not include share-based compensation or corporate restructuring costs 12

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