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Committed to Shareholder
Value Creation
CIBC Whistler Institutional Investor Conference
January 24, 2013
FORWARD LOOKING STATEMENTS
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future
financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”,
“believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-
looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive 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, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes
in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; the
ongoing substantial issuer bid; any decisions to implement a dividend; employee relations; litigation; disruptions affecting operations; availability of and
increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in
connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson, and
El Chanate mine and may not perform as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the
speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to
properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on
business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets
and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by
the Company Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those
expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not
guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory
authorities for a discussion of some of the factors underlying forward-looking statements.

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
Capital Markets Profile
                                                                                 Analyst Coverage
Capital Structure                                                                Company                     Analyst
                                                                                 BMO Nesbitt Burns          Brian Quast

Fully diluted shares                                                             Canaccord Genuity          Rahul Paul
                                                                   293MM
outstanding1,2
                                                                                 CIBC                      Cosmos Chiu

                                                                                 Credit Suisse              Anita Soni
Market Capitalization                                               $2.3B
                                                                                 Dahlman Rose              Adam P. Graf

                                                                                 Desjardins Securities     Adam Melnyk
NYSE & TSX 3-months avg.
                                                                   4.8MM
daily trading volume                                                             Dundee Securities         Ron Stewart

1.       Excluding convertible debentures                                        GMP Securities             Craig West
2.       Prior to completion of a US$300M Substantial Issuer Bid

                                                                                 Mackie Research            Barry Allan
$12.00                                                               9,000,000


                                                                     8,000,000   Macquarie Securities      Tony Lesiak
$10.00
                                                                     7,000,000
                                                                                 Merrill Lynch              Mike Parkin
 $8.00                                                               6,000,000
                                                                                 National Bank            Paolo Lostritto
                                                                     5,000,000
 $6.00
                                                                     4,000,000
                                                                                 Raymond James            Gary Baschuk

 $4.00                                                               3,000,000   RBC Capital Markets        Dan Rollins
                                                                     2,000,000
 $2.00                                                                           Scotia Capital           Trevor Turnbull
                                                                     1,000,000


 $0.00                                                               0
                                                                                 TD Securities             Steven Green

                                                                                 UBS                     Chris Lichtenheldt
                                         Volume            Close
                                                                                                                              3
Recent Developments

Recent News Flow
•   Sale of Australian assets closed May 4/12 (gross proceeds $150M)
•   Sale of El Cubo closed July 13/12 (gross proceeds $200M)
    •   Sale of equity interest in Endeavour Silver and Crocodile Gold (gross proceeds $104M)
•   Sale of Ocampo closed Dec 14/12 (gross proceeds of $750M)
•   Repayment of $128M debt facility
•   Settlement of McKenna Class Action ($13.25M)
•   Announcement of $300M Substantial Issuer Bid
•   Commercial production declared at Young-Davidson (Sept 1/12)
•   Q4 & 2012 production / 2013 guidance
Upcoming News Flow
•   Closing of Substantial Issuer Bid (Jan. 23/13)
•   Reserve and Resources Update (Feb 28/13)
•   Q4 & YE Financial Results (week of March 25)
•   Details of the Company’s inaugural dividend policy (before the end of March)
                                                                                                4
High Quality Asset Base

     A Leading Pure Gold Producer Focused on Quality Assets in North America

                                                                                                                                                     Young-Davidson, Canada                      2012A       2013E


                                                                                                                                                     Production Au oz.                           56,138    120-140k

                                                                                                                                                     Cash Costs per Au oz.1                 $690-$170      $575-$675

                                                                                                                                                     2011 Reserves and Resources (000’s oz Au)

                                                                                                                                                     Proven and Probable Reserves                3,831    2.56 Au g/t   2


                                                                      Kemess                                                                                                                                            2
                                                                                                                                                     Measured and Indicated Resources             956     2.03 Au g/t

                                                                                                                                                     Inferred Resources                          1,431    2.43 Au g/t   2




                                                                                                                     Young-Davidson
  Kemess, Canada - Gold

  2011 Resources (000’s oz Au)
  Measured and Indicated
                                   2,610     0.56 Au g/t 2
  Resources
  Inferred Resources                90       0.42 Au g/t 2
                                                                                                                                                     El Chanate, Mexico                          2012A       2013E


  Kemess, Canada - Copper                                                                                                                            Production Au oz.                           71,145     70-80k
                                                                                               El Chanate
  2011 Resources (000’s lbs Cu)
                                                                                                                                                     Cash Costs per Au oz.1                 $425-$445      $475-$525
  Measured and Indicated
                                   861          0.29%
  Resources                                                                                    Orion
                                                                                                                                                     2011 Reserves and Resources (000’s oz Au)
  Inferred Resources                30          0.22%

                                                                                                                                                     Proven and Probable Reserves                1,285    0.65 Au g/t   2

  Orion (50%), Mexico3
                                                                                                                                                     Measured and Indicated Resources             38      0.42 Au g/t   2
  2011 Resources (000’s oz Au Eq)
  Measured and Indicated                                   2                                                                                         Inferred Resources                            8      0.46 Au g/t   2
                                   330       9.27 Au g/t
  Resources
  Inferred Resources                29       4.98 Au g/t   2




1. 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. Production includes gold ounces only.
2. Represents gold or gold equivalent grade as per technical reports and company disclosure.
3. Following the completion of a joint venture agreement, which is anticipated in early 2013, Minera Frisco will acquire a 50% interest in the Orion project.                                                               5
Compelling Value Proposition
Repositioning for Consistent, Reliable, Sustainable Growth

• High quality asset base 

• North American (low risk) focus 

• Cash costs below industry average 

• Organic growth profile 

• Mine longevity 

• Peer-leading balance sheet 

• Growing free cash flow stream 

• Strong leverage to gold price 

• Shareholder friendly initiatives focus 
                                                             6
Young-Davidson
                                                                                                                                                 MCM Historic
                                                                                                                                 Ramp Portal     Mine Workings
                                                          2012A                       2013E                                        10350L
                                                                                                                      Open Pit
Production (gold ounces)4                                 56,138               120,000-140,000
                                                                                                       YD Historic
                                                                                                      Mine Workings
Cash Costs (per gold ounce)1,3                         $690-$710                    $575-675

P&P Reserves (oz.)                                                                 3.8 million
                                                                                                                                    NG Shaft        MCM Shaft
Mine Life (years)                                                                   18 years

1.    Cash costs for the Young-Davidson mine are calculated on a per gold ounce basis, using by-
      product revenues as a cost credit and are attributable to commercial production ounces only.
2.    Includes pre-production, sustaining and accelerated underground capital infrastructure costs.                                           UBZ Zone
3.    The following currency assumptions were used to forecast estimates:
               • 1:1 Canadian dollars to the US dollar
4.    2012 production includes pre-production ounces as well as ounces produced subsequent to the
      declaration of commercial production.
                                                                                                                                      9890L



     • Commercial production Sept. 1/12
                                                                                                                                                    2nd Leg
     • Low cost producer & strong                                                                                                     9590L        Northgate
       production growth profile                                                                                                                     Shaft
                                                                                                                                                      (450m)

                                                                                                                                      9400L
     • Underground production
       commenced from UBZ

     • Mill above name plate capacity                                                                                                 9200L



     • Hoisting ore during Q3 2013

     • YD West Zone: strategic
                                                                                                                                      8900L
       exploration focus
                                                                                    YD West Zone
                                                                                                                                                               7
El Chanate Mine

Delivering consistent, stable results; lowest quartile cash costs

              Open Pit Tonnes Per Day                                     Quarterly Production and Cash Costs
                                                       $486
                                                                          $465

                                                                                                                                     $433               $434
                                                                                             $401                $409

                                            101,305                                                            19,093                                19,388
                                   97,591                                                  18,080                                 17,822
                       82,600                                           16,444
                                                      14,871
             64,781
    37,625

    2010A     2011A    Q1-12       Q2-12     Q3-12     Q2-11              Q3-11              Q4-11               Q1-12              Q2-12              Q3-12



•   Cash costs in lower quartile                                                                                     2012A                        2013E

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

•   Achieved target mining rates of ~100k tpd         Cash Costs (per gold ounce)1,3                              $425-$445                    $475-$525

                                                      P&P Reserves (oz.)                                                                       1.3 million

                                                      Mine Life                                                                                  8 years
•   Accelerated pre-development program in 2012       1.   Cash costs for the El Chanate mines are calculated on a per gold ounce basis, using by-product revenues
                                                           as a cost credit. Production includes gold ounces only.
                                                      2.   Includes $29.2 million of accelerated pre - stripping of the South East Layback associated with the
                                                           expansion of the crushing and stacking productivity from 14,000 tpd to 21,000 tpd.
                                                      3.   The following currency assumptions were used to forecast estimates:
                                                             • 12:1 Mexican pesos to the US dollar
•   Increasing areas under leach to 80% by end of
    2012

                                                                                                                                                                     8
New Discoveries at El Chanate
                                   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                       North West Zone
                          58.5        66.0      7.5       3.60     Hole ID   From (m)     To (m) Length (m)   Au g/t
               CHCI-717
                          88.5        93.0      4.5       6.52                 183.0      192.0       9.0      0.31
               CHCI-725   61.5        75.0     13.5       1.70    CHCI-731
                                                                               210.0      217.5       7.5      0.26
               CHCI-727   48.0        54.0      6.0       4.52    CHCI-732      55.5       82.5      27.0      0.45
               CHCI-747   64.5        70.5      6.0       2.10    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 Hole 741
                                                                                                   52.5        0.34

(view looking south)
 El Chanate Mine       (looking south)                                                                                 9
Free Cash Generating Capacity
Increasing production profile at declining cash costs




                   2012E                   2013E                       2014E                     2015E                  2016E
                                                          Production           Cash Costs


Robust FCF profile driven by long life mines, production growth, declining cash costs and capital expenditure profile




                     2012E                  2013E                       2014E                     2015E                  2016E

                                             El Chanate - Capex         Young-Davidson - Capex           FCF

  Source: Consensus data (December 2012)
                                                                                                                                 10
Compelling Value Proposition
Repositioning for Consistent, Reliable, Sustainable Growth

• High quality asset base 

• North American (low risk) focus 

• Cash costs below industry average 

• Organic growth profile 

• Mine longevity 

• Peer-leading balance sheet 

• Growing free cash flow stream 

• Strong leverage to gold price 

• Shareholder friendly initiatives focus 
                                                             11
Committed to Shareholder
Value Creation
CIBC Whistler Institutional Investor Conference
January 24, 2013
Management and Board of Directors

Executive Management Team
Scott Perry - President and Chief Executive Officer

Peter MacPhail - Executive Vice President and Chief Operating Officer

Robert Chausse - Executive Vice President and Chief Financial Officer


Board of Directors
Colin Benner - Executive Chairman of the Board, Sustainability Committee Member

Mark Daniel - Compensation (Chair) and Corporate Governance Committee Member

Richard Mark Colterjohn - Corporate Governance (Chair) and Audit Committee Member

Joseph Spiteri - Sustainability Committee Member

Alan Edwards - Sustainability (Chair) and Compensation Committee Member

Ronald E. Smith - Audit (Chair) and Compensation Committee Member

Patrick D. Downey - Audit and Corporate Governance Committee Member

Scott Perry - President and Chief Executive Officer

Luis Chavez - Senior Vice President, Mexican Operations

                                                                                    13
14
15
Proven and Probable Reserves

                               Proven Reserves                                    Probable Reserves
                                 Tonnes          Gold            Gold                 Tonnes             Gold            Gold
                                 (000's)         (g/t)          Ounces                 (000's)           (g/t)          Ounces
                                                                (000's)                                                 (000's)
Total - El Chanate                  41,783               0.63              851               19,745              0.68           433
Young-Davidson - Surface             4,173               1.40              188                   3,394           1.27           139
Young-Davidson - Underground         5,799               3.05              568               33,259              2.75       2,936
Total Young-Davidson                 9,972               2.36              756               36,653              2.61       3,075
AuRico - Total                      51,755               0.97             1,607              56,398              1.93       3,508


                               Proven and Probable Reserves
                                 Tonnes          Gold            Gold
                                 (000's)         (g/t)          Ounces
                                                                (000's)
Total - El Chanate                  61,528               0.65             1,285
Young-Davidson - Surface             7,567               1.34              327
Young-Davidson - Underground        39,058               2.79             3,504
Total Young-Davidson                46,625               2.56             3,831
AuRico - Total                     108,153               1.47             5,116




                                                                                                                                  16
Measured and Indicated Resources

                               Measured Resources                                                    Indicated Resources
                               Tonnes      Gold           Silver            Gold          Silver     Tonnes     Gold        Silver        Gold        Silver
                                (000's)    (g/t)          (g/t)            Ounces         Ounces      (000's)    (g/t)      (g/t)        Ounces       Ounces
                                                                           (000's)        (000's)                                        (000's)      (000's)
El Chanate                        1,162     0.38                   -                 14        -        1,652     0.44           -               23         -
Young-Davidson - Surface            739     2.02                   -                 48        -        3,499     1.26           -            142           -
Young-Davidson - Underground      1,527       3.01                 -               148         -        8,864      2.17          -            619           -
Total Young-Davidson              2,266       2.69                 -               196         -       12,363      1.91          -            761           -
Orion (50%)                          -              -              -                 -         -          554      3.36         309              65      5,503
Kemess Underground                   -              -              -                 -         -      136,500      0.56          -          2,610           -
AuRico - Total                    3,429            1.90                0           210              0 151,068        0.71            1      3,459        5,503


                               Measured and Indicated Resources
                               Tonnes      Gold           Silver            Gold          Silver
                                (000's)    (g/t)          (g/t)            Ounces         Ounces
                                                                           (000's)        (000's)
El Chanate                        2,814       0.42                 -                 38        -
Young-Davidson - Surface          4,238     1.39                   -               190         -
Young-Davidson - Underground     10,391       2.30                 -               767         -
Total Young-Davidson             14,629       2.03                 -               956         -
Orion (50%)                         554       3.36                309                65     5,503
Kemess Underground              136,500       0.56                 -           2,610           -
AuRico - Total                  154,497            0.74                1       3,669        5,503



                                                                                                                                                                17
Inferred and Copper Resources

                               Inferred Resources
                                  Tonnes             Gold           Silver              Gold             Silver
                                  (000's)            (g/t)           (g/t)             Ounces            Ounces
                                                                                       (000's)           (000's)
El Chanate                                  549              0.46             -                     8         -
Young-Davidson - Surface               3,515                 1.26             -                   142         -
Young-Davidson - Underground          14,784                 2.71             -                  1,289        -
Total Young-Davidson                  18,299                 2.43             -                  1,431        -
Orion (50%)                                 91               3.33                 95               10              275
Kemess Underground                     6,000                 0.42             -                    90         -
AuRico - Total                        24,938                 1.92                 0              1,539             275


                               Copper Resources
                                  Tonnes            Copper          Copper
                                  (000’s)            (%)            Pounds
Kemess Underground                                                  (000's)
Indicated                            136,500                 0.29            861,000
Inferred                               6,000                 0.22             30,000




                                                                                                                     18
Notes to Reserves and Resources

Notes to Reserves and Resources:
• Mineral Reserves and Resources have been stated as at December 31, 2011.
• AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young-Davidson,
   Fosterville, Stawell and Kemess properties, in October 2011.
• 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.
• Following the completion of a joint venture agreement , which is anticipated in early Dec. 2012, Minera Frisco will acquire a 50% interest in the Orion project.
• Reserves have been calculated 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
   Resources 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 Gold’s Mineral Resources
   constitute or will be converted into Reserves.

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




                                                                      Reserves                                                        Resources

                                                  Au $/oz                  Ag $/oz                    Au $/oz                  Ag $/oz                    Cu $/lb
El Chanate                                                    $1250 USD                -                          $1450 USD                -                         -
Young-Davidson                                                $1250 USD                -                          $1450 USD                -                         -
Orion                                                        -                         -                           $850 USD                 $13.00 USD              -
Kemess Underground                                           -                         -                          $1100 USD                 $20.00 USD               $2.80 USD




                                                                                                                                                                                              19

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Committed to Shareholder Value Creation - CIBC Whistler Institutional Investor Conference

  • 1. Committed to Shareholder Value Creation CIBC Whistler Institutional Investor Conference January 24, 2013
  • 2. FORWARD LOOKING STATEMENTS Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward- looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive 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, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; the ongoing substantial issuer bid; any decisions to implement a dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson, and El Chanate mine and may not perform as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. 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
  • 3. Capital Markets Profile Analyst Coverage Capital Structure Company Analyst BMO Nesbitt Burns Brian Quast Fully diluted shares Canaccord Genuity Rahul Paul 293MM outstanding1,2 CIBC Cosmos Chiu Credit Suisse Anita Soni Market Capitalization $2.3B Dahlman Rose Adam P. Graf Desjardins Securities Adam Melnyk NYSE & TSX 3-months avg. 4.8MM daily trading volume Dundee Securities Ron Stewart 1. Excluding convertible debentures GMP Securities Craig West 2. Prior to completion of a US$300M Substantial Issuer Bid Mackie Research Barry Allan $12.00 9,000,000 8,000,000 Macquarie Securities Tony Lesiak $10.00 7,000,000 Merrill Lynch Mike Parkin $8.00 6,000,000 National Bank Paolo Lostritto 5,000,000 $6.00 4,000,000 Raymond James Gary Baschuk $4.00 3,000,000 RBC Capital Markets Dan Rollins 2,000,000 $2.00 Scotia Capital Trevor Turnbull 1,000,000 $0.00 0 TD Securities Steven Green UBS Chris Lichtenheldt Volume Close 3
  • 4. Recent Developments Recent News Flow • Sale of Australian assets closed May 4/12 (gross proceeds $150M) • Sale of El Cubo closed July 13/12 (gross proceeds $200M) • Sale of equity interest in Endeavour Silver and Crocodile Gold (gross proceeds $104M) • Sale of Ocampo closed Dec 14/12 (gross proceeds of $750M) • Repayment of $128M debt facility • Settlement of McKenna Class Action ($13.25M) • Announcement of $300M Substantial Issuer Bid • Commercial production declared at Young-Davidson (Sept 1/12) • Q4 & 2012 production / 2013 guidance Upcoming News Flow • Closing of Substantial Issuer Bid (Jan. 23/13) • Reserve and Resources Update (Feb 28/13) • Q4 & YE Financial Results (week of March 25) • Details of the Company’s inaugural dividend policy (before the end of March) 4
  • 5. High Quality Asset Base A Leading Pure Gold Producer Focused on Quality Assets in North America Young-Davidson, Canada 2012A 2013E Production Au oz. 56,138 120-140k Cash Costs per Au oz.1 $690-$170 $575-$675 2011 Reserves and Resources (000’s oz Au) Proven and Probable Reserves 3,831 2.56 Au g/t 2 Kemess 2 Measured and Indicated Resources 956 2.03 Au g/t Inferred Resources 1,431 2.43 Au g/t 2 Young-Davidson Kemess, Canada - Gold 2011 Resources (000’s oz Au) Measured and Indicated 2,610 0.56 Au g/t 2 Resources Inferred Resources 90 0.42 Au g/t 2 El Chanate, Mexico 2012A 2013E Kemess, Canada - Copper Production Au oz. 71,145 70-80k El Chanate 2011 Resources (000’s lbs Cu) Cash Costs per Au oz.1 $425-$445 $475-$525 Measured and Indicated 861 0.29% Resources Orion 2011 Reserves and Resources (000’s oz Au) Inferred Resources 30 0.22% Proven and Probable Reserves 1,285 0.65 Au g/t 2 Orion (50%), Mexico3 Measured and Indicated Resources 38 0.42 Au g/t 2 2011 Resources (000’s oz Au Eq) Measured and Indicated 2 Inferred Resources 8 0.46 Au g/t 2 330 9.27 Au g/t Resources Inferred Resources 29 4.98 Au g/t 2 1. 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. Production includes gold ounces only. 2. Represents gold or gold equivalent grade as per technical reports and company disclosure. 3. Following the completion of a joint venture agreement, which is anticipated in early 2013, Minera Frisco will acquire a 50% interest in the Orion project. 5
  • 6. Compelling Value Proposition Repositioning for Consistent, Reliable, Sustainable Growth • High quality asset base  • North American (low risk) focus  • Cash costs below industry average  • Organic growth profile  • Mine longevity  • Peer-leading balance sheet  • Growing free cash flow stream  • Strong leverage to gold price  • Shareholder friendly initiatives focus  6
  • 7. Young-Davidson MCM Historic Ramp Portal Mine Workings 2012A 2013E 10350L Open Pit Production (gold ounces)4 56,138 120,000-140,000 YD Historic Mine Workings Cash Costs (per gold ounce)1,3 $690-$710 $575-675 P&P Reserves (oz.) 3.8 million NG Shaft MCM Shaft Mine Life (years) 18 years 1. Cash costs for the Young-Davidson mine are calculated on a per gold ounce basis, using by- product revenues as a cost credit and are attributable to commercial production ounces only. 2. Includes pre-production, sustaining and accelerated underground capital infrastructure costs. UBZ Zone 3. The following currency assumptions were used to forecast estimates: • 1:1 Canadian dollars to the US dollar 4. 2012 production includes pre-production ounces as well as ounces produced subsequent to the declaration of commercial production. 9890L • Commercial production Sept. 1/12 2nd Leg • Low cost producer & strong 9590L Northgate production growth profile Shaft (450m) 9400L • Underground production commenced from UBZ • Mill above name plate capacity 9200L • Hoisting ore during Q3 2013 • YD West Zone: strategic 8900L exploration focus YD West Zone 7
  • 8. El Chanate Mine Delivering consistent, stable results; lowest quartile cash costs Open Pit Tonnes Per Day Quarterly Production and Cash Costs $486 $465 $433 $434 $401 $409 101,305 19,093 19,388 97,591 18,080 17,822 82,600 16,444 14,871 64,781 37,625 2010A 2011A Q1-12 Q2-12 Q3-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 • Cash costs in lower quartile 2012A 2013E Production (gold ounces) 71,145 70,000-80,000 • Achieved target mining rates of ~100k tpd Cash Costs (per gold ounce)1,3 $425-$445 $475-$525 P&P Reserves (oz.) 1.3 million Mine Life 8 years • Accelerated pre-development program in 2012 1. Cash costs for the El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a cost credit. Production includes gold ounces only. 2. Includes $29.2 million of accelerated pre - stripping of the South East Layback associated with the expansion of the crushing and stacking productivity from 14,000 tpd to 21,000 tpd. 3. The following currency assumptions were used to forecast estimates: • 12:1 Mexican pesos to the US dollar • Increasing areas under leach to 80% by end of 2012 8
  • 9. New Discoveries at El Chanate 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 North West Zone 58.5 66.0 7.5 3.60 Hole ID From (m) To (m) Length (m) Au g/t CHCI-717 88.5 93.0 4.5 6.52 183.0 192.0 9.0 0.31 CHCI-725 61.5 75.0 13.5 1.70 CHCI-731 210.0 217.5 7.5 0.26 CHCI-727 48.0 54.0 6.0 4.52 CHCI-732 55.5 82.5 27.0 0.45 CHCI-747 64.5 70.5 6.0 2.10 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 Hole 741 52.5 0.34 (view looking south) El Chanate Mine (looking south) 9
  • 10. Free Cash Generating Capacity Increasing production profile at declining cash costs 2012E 2013E 2014E 2015E 2016E Production Cash Costs Robust FCF profile driven by long life mines, production growth, declining cash costs and capital expenditure profile 2012E 2013E 2014E 2015E 2016E El Chanate - Capex Young-Davidson - Capex FCF Source: Consensus data (December 2012) 10
  • 11. Compelling Value Proposition Repositioning for Consistent, Reliable, Sustainable Growth • High quality asset base  • North American (low risk) focus  • Cash costs below industry average  • Organic growth profile  • Mine longevity  • Peer-leading balance sheet  • Growing free cash flow stream  • Strong leverage to gold price  • Shareholder friendly initiatives focus  11
  • 12. Committed to Shareholder Value Creation CIBC Whistler Institutional Investor Conference January 24, 2013
  • 13. Management and Board of Directors Executive Management Team Scott Perry - President and Chief Executive Officer Peter MacPhail - Executive Vice President and Chief Operating Officer Robert Chausse - Executive Vice President and Chief Financial Officer Board of Directors Colin Benner - Executive Chairman of the Board, Sustainability Committee Member Mark Daniel - Compensation (Chair) and Corporate Governance Committee Member Richard Mark Colterjohn - Corporate Governance (Chair) and Audit Committee Member Joseph Spiteri - Sustainability Committee Member Alan Edwards - Sustainability (Chair) and Compensation Committee Member Ronald E. Smith - Audit (Chair) and Compensation Committee Member Patrick D. Downey - Audit and Corporate Governance Committee Member Scott Perry - President and Chief Executive Officer Luis Chavez - Senior Vice President, Mexican Operations 13
  • 14. 14
  • 15. 15
  • 16. Proven and Probable Reserves Proven Reserves Probable Reserves Tonnes Gold Gold Tonnes Gold Gold (000's) (g/t) Ounces (000's) (g/t) Ounces (000's) (000's) Total - El Chanate 41,783 0.63 851 19,745 0.68 433 Young-Davidson - Surface 4,173 1.40 188 3,394 1.27 139 Young-Davidson - Underground 5,799 3.05 568 33,259 2.75 2,936 Total Young-Davidson 9,972 2.36 756 36,653 2.61 3,075 AuRico - Total 51,755 0.97 1,607 56,398 1.93 3,508 Proven and Probable Reserves Tonnes Gold Gold (000's) (g/t) Ounces (000's) Total - El Chanate 61,528 0.65 1,285 Young-Davidson - Surface 7,567 1.34 327 Young-Davidson - Underground 39,058 2.79 3,504 Total Young-Davidson 46,625 2.56 3,831 AuRico - Total 108,153 1.47 5,116 16
  • 17. Measured and Indicated Resources Measured Resources Indicated Resources Tonnes Gold Silver Gold Silver Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) (000's) (000's) El Chanate 1,162 0.38 - 14 - 1,652 0.44 - 23 - Young-Davidson - Surface 739 2.02 - 48 - 3,499 1.26 - 142 - Young-Davidson - Underground 1,527 3.01 - 148 - 8,864 2.17 - 619 - Total Young-Davidson 2,266 2.69 - 196 - 12,363 1.91 - 761 - Orion (50%) - - - - - 554 3.36 309 65 5,503 Kemess Underground - - - - - 136,500 0.56 - 2,610 - AuRico - Total 3,429 1.90 0 210 0 151,068 0.71 1 3,459 5,503 Measured and Indicated Resources Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) El Chanate 2,814 0.42 - 38 - Young-Davidson - Surface 4,238 1.39 - 190 - Young-Davidson - Underground 10,391 2.30 - 767 - Total Young-Davidson 14,629 2.03 - 956 - Orion (50%) 554 3.36 309 65 5,503 Kemess Underground 136,500 0.56 - 2,610 - AuRico - Total 154,497 0.74 1 3,669 5,503 17
  • 18. Inferred and Copper Resources Inferred Resources Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) El Chanate 549 0.46 - 8 - Young-Davidson - Surface 3,515 1.26 - 142 - Young-Davidson - Underground 14,784 2.71 - 1,289 - Total Young-Davidson 18,299 2.43 - 1,431 - Orion (50%) 91 3.33 95 10 275 Kemess Underground 6,000 0.42 - 90 - AuRico - Total 24,938 1.92 0 1,539 275 Copper Resources Tonnes Copper Copper (000’s) (%) Pounds Kemess Underground (000's) Indicated 136,500 0.29 861,000 Inferred 6,000 0.22 30,000 18
  • 19. Notes to Reserves and Resources Notes to Reserves and Resources: • Mineral Reserves and Resources have been stated as at December 31, 2011. • AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young-Davidson, Fosterville, Stawell and Kemess properties, in October 2011. • 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. • Following the completion of a joint venture agreement , which is anticipated in early Dec. 2012, Minera Frisco will acquire a 50% interest in the Orion project. • Reserves have been calculated 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 Resources 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 Gold’s Mineral Resources constitute or will be converted into Reserves. The following metal prices were used for the calculation of Reserves and Resources: Reserves Resources Au $/oz Ag $/oz Au $/oz Ag $/oz Cu $/lb El Chanate $1250 USD - $1450 USD - - Young-Davidson $1250 USD - $1450 USD - - Orion - - $850 USD $13.00 USD - Kemess Underground - - $1100 USD $20.00 USD $2.80 USD 19