Dallas, Texas 02/04/2014 (FINANCIALSTRENDS) – AuRico Gold Inc (NYSE:AUQ) has reported the operational results for the year, along with fourth quarter preliminary results. The North American gold producer operates across gold mines in Young-Davidson which is in Northern Ontario, Canada as well as El Chanate which is at Sonora in Mexico.
The company has reported gain of 1.32% as well as a down ward slide in the normal volume levels reporting 1.86 million shares as of close of trading on Feb 3, 2014. The Stock closed at $4.59, while the floating range remained between $4.45 and $4.60. The company now has market cap of $1.14 billion. AuRico Gold Inc (NYSE:AUQ) also hold 52 week high price of $7.37 while the 52-week low is at $3.33.
Fourth quarter results
AuRico Gold Inc (NYSE:AUQ) has reported that for the 6th consecutive quarter, the production at its mines Young-Davidson as well as ElChanate is high. Following the in-line production, expectations were met. The above-average production was due to the recent infrastructural processes such as the shaft-hoist installation in October last at Young-Davidson. Commercial production at this site began immediately in late October. The infrastructure is an onus at this site, for this is essentially an underground mining process. The shaft-hoist has successfully helped in improving the productivity as well as the cost-efficient systems of the facility.
AuRico Gold Inc (NYSE:AUQ) continues to hold massive opportunities in Mexico region as well as the British Columbia region. The main production sites for the company continue to be the Young-Davidson mine in Canada as well as the Mexican site of El Chanate. Considering the fact that both are in geographically safe regions, the prospectus remain positive.
AuRico Gold Inc (NYSE:AUQ), which is Canada-based operates gold mines and production in the North American continent. The company operates through several subsidiaries in various verticals of gold mining- exploration, development as well as acquisition of properties for future growth and development. The gold mining company has reported that it will declare its earnings for the fourth quarter on March 3, 2014.