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Committed to Shareholder
Value Creation
Credit Suisse Global Precious Metals Conference
June 5, 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)
Proven and Probable Reserves(6) 1,204 0.67 Au g/t
Measured and Indicated
Resources(6) 41 0.37 Au g/t
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
$1,895
2011 gold price
range
El Chanate
Young-Davidson Ocampo
“We have significantly traded up on the overall quality of the asset base which positions
AuRico well for reliable, consistent, and sustainable performance.”
6
Streamlined Asset Base on the Lower End of the 2011 Industry Cost Curve
Source: 2011 Brook Hunt Data
Cashcostcurve(US$/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
12(6) Refer to endnote #6.
Kemess Underground
Kemess, Canada - Gold
2012 Reserves and Resources (000’s oz Au)
Proven and Probable Reserves(6) 1,805 0.56 Au g/t
Measured and Indicated Resources(6) 854 0.41 Au g/t
Inferred Resources(6) 125 0.39 Au g/t
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)
Measured and Indicated Resources(6) 65 3.36 Au g/t
Inferred Resources(6) 10 3.33 Au g/t
14(6) Refer to endnote #6.
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
Cashcostsperounce
Ounces(000’s)
Production Cash Costs
Decreasing capital expenditures(5)(9)
$0
$100
$200
$300
$400
2012A 2013E 2014E 2015E
US$(millions)
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
$200
2012A 2013E 2014E 2015E
US$(millions)
Consolidated Capex FCF $1,600 Au
FCF $1,500 Au FCF $1,400 Au
FCF $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
(8) Refer to endnote #8. (11) Refer to endnote #11.
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
(1) Refer to endnote #1. (2) Refer to endnote #2. 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
Committed to Shareholder
Value Creation
Credit Suisse Global Precious Metals Conference
June 5, 2013 TSX: AUQ / NYSE: AUQ
www.auricogold.com
Appendix
2013 Operational Estimates(5)
23(5) Refer to endnote #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.

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Credit Suisse Global Precious Metals Conference 2013

  • 1. Committed to Shareholder Value Creation Credit Suisse Global Precious Metals Conference June 5, 2013 TSX: AUQ / NYSE: AUQ www.auricogold.com
  • 2. 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
  • 3. 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) Proven and Probable Reserves(6) 1,204 0.67 Au g/t Measured and Indicated Resources(6) 41 0.37 Au g/t 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
  • 4. 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.
  • 5. 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
  • 6. A High Quality Asset Base Stawell Fosterville El Cubo $1,319 $1,895 2011 gold price range El Chanate Young-Davidson Ocampo “We have significantly traded up on the overall quality of the asset base which positions AuRico well for reliable, consistent, and sustainable performance.” 6 Streamlined Asset Base on the Lower End of the 2011 Industry Cost Curve Source: 2011 Brook Hunt Data Cashcostcurve(US$/oz) Percentile of total paid gold Current Assets Divested Assets
  • 7. 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.
  • 8. 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. 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
  • 10. Young-Davidson Life of Mine 10 Significant Mine Life: Opportunity for Expansion as Reserves Increase Life of Mine profile depicts Proven & Probable Reserves only
  • 11. 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
  • 12. 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 12(6) Refer to endnote #6.
  • 13. Kemess Underground Kemess, Canada - Gold 2012 Reserves and Resources (000’s oz Au) Proven and Probable Reserves(6) 1,805 0.56 Au g/t Measured and Indicated Resources(6) 854 0.41 Au g/t Inferred Resources(6) 125 0.39 Au g/t 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.
  • 14. 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) Measured and Indicated Resources(6) 65 3.36 Au g/t Inferred Resources(6) 10 3.33 Au g/t 14(6) Refer to endnote #6. 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
  • 15. Production Growth 15 Increasing production profile(3)(4)(5)(9) $300 $400 $500 $600 $700 0 100 200 300 400 2012A 2013E 2014E 2015E Cashcostsperounce Ounces(000’s) Production Cash Costs Decreasing capital expenditures(5)(9) $0 $100 $200 $300 $400 2012A 2013E 2014E 2015E US$(millions) Capex(3) Refer to endnote #3. (5) Refer to endnote #5. (4) Refer to endnote #4. (9) Refer to endnote #9.
  • 16. 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 $200 2012A 2013E 2014E 2015E US$(millions) Consolidated Capex FCF $1,600 Au FCF $1,500 Au FCF $1,400 Au FCF $1,300 Au FCF $1,200 Au
  • 17. • 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 (8) Refer to endnote #8. (11) Refer to endnote #11.
  • 18. 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
  • 19. 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. 19
  • 20. 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
  • 21. Committed to Shareholder Value Creation Credit Suisse Global Precious Metals Conference June 5, 2013 TSX: AUQ / NYSE: AUQ www.auricogold.com
  • 23. 2013 Operational Estimates(5) 23(5) Refer to endnote #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
  • 24. 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. 25 Q2 Stopes Q2 Stopes Q3 Stopes Q4 Stopes Underground Development
  • 26. 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
  • 27. 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
  • 28. 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
  • 29. 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.