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Young-Davidson Mine Update Luc Guimond, General Manager June 25, 2013 www.auricogold.com

Young-Davidson Analyst Tour

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Young-Davidson Analyst Tour

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Page 1: Young-Davidson Analyst Tour

Young-Davidson Mine Update Luc Guimond, General Manager June 25, 2013

www.auricogold.com

Page 2: Young-Davidson Analyst Tour

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 implementation and continued availability of the dividend reinvestment plan; 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.

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Page 3: Young-Davidson Analyst Tour

Overview

• Historic production from underground gold mines in Timmins and Kirkland Lake (~108 M Oz.)

• Five mines with greater than 5 million ounces production, Young-Davidson is likely to be the sixth

• Cornerstone asset

• Low cost producer and strong production growth profile

• Long mine life: Opportunity to expand as reserves increase

• Located in a stable jurisdiction, close to major centres

• First gold pour on April 30th, 2012

• Commercial production declared September 1st, 2012

• Underground production commenced October 2012

(1) Refer to endnote #1. 3

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avid

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Pam

our

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assa

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3-99

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13

Hoy

le P

ond

Oun

ces

(Mill

ions

)

Historic Production from U/G Mines of Timmins & Kirkland Lake(1)

Historical Production YD P&P YD M&I YD Inferred

Active

Page 4: Young-Davidson Analyst Tour

Rich Tradition – Mine History

• Site of two former producers

• 20+ years in operation

• +1,200 tpd average production rate

• Early pioneers of bulk mining

• +1 million tonne stopes underground

• Mined ~9 million tonnes and produced 970,000 ounces

• Average realized grade of 3.37 g/tonne

• Profitable operations at realized grades

• Supported dividend payments

Period Mine Tonnes Grade (g/t) Produced (Oz) 1934 to 1957 YD 5,653,000 3.21 585,000 1934 to 1954 MCM 3,205,000 3.66 378,000 1981 to 1982 MCM 96,400 2.36 7,300

Total 8,954,400 3.37 970,300

Young-Davidson Mine (YD)

Matachewan Consolidated Mine (MCM)

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Page 5: Young-Davidson Analyst Tour

Home Safe Every Day

• Reduced Lost Time Injury (LTI)

• 2012 LTI frequency rate: 0.12

• Achieved key milestone in LTI

• 2 million man hours with no LTI

• Ongoing safety education programs

• 1,500 hours of safety and emergency

response training completed in 2012

Fostering a safety culture where zero injuries are possible

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Page 6: Young-Davidson Analyst Tour

Responsible Mining

Fostering positive relationships with all stakeholders

• Strong First Nations support

• Partnerships with local communities

• Hiring and training locally

• 96% of mine workforce from local regions

• Supporting local suppliers

• 47% of mine spending on local suppliers

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Page 7: Young-Davidson Analyst Tour

YD Historic Mine Workings

Open Pit

Ramp Portal 10350L

NG Shaft MCM Shaft

9890L

9590L

9400L

9200L

8900L

MCM Historic Mine Workings

Underground Mine Plan

• Transverse long hole stoping

• For wider zones (12-40m)

• 30m sub levels

• Longitudinal retreat

• For areas < 12m widths

• Pastefill

• Mining recovery ~ 92%

• Dilution ~10%

YD West Zone

Highly Productive Mining Methods

7 3.8M reserve ounces with exploration upside

Page 8: Young-Davidson Analyst Tour

Open Pit Overview

• 315m wide x 800m long and 140m deep

• Life of Mine production: 2.25 years

• 7.5Mt of ore @ 1.36 g/t Au

• Mill Feed 4.2Mt @ 1.78 g/t

• Low grade stockpile 3.3Mt @ 0.82 g/t

• Strip Ratio 2.5:1

• 8m benches

• Cat 777 Trucks

• 992 Loaders

• Low grade stockpile as of May 31, 2013

• 2Mt of ore @ 0.81 g/t

0

10,000

20,000

30,000

40,000

50,000

January February March April May

Open Pit Productivity (tonnes per day) Target Actual

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Page 9: Young-Davidson Analyst Tour

Underground Mining Rates

0200400600800

1,0001,2001,4001,6001,8002,000

January February March April May

Target Actual

Underground Mine Productivity (tonnes per day)

• Underground production commenced in October 2012

• Tonnes per day averaged 1,800tpd in May (target of 2,000tpd by end of 2013)

• Currently mining in the Upper Boundary Zone (“UBZ”)

• 60,000 to 80,000 tonne stopes

• Mining 30,000 to 40,000 tonne panels

• Overall average ore thickness (current reserves) is 20 metres

• Highly productive bulk mining methodologies

• Highly mechanized with low manning requirements

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Page 10: Young-Davidson Analyst Tour

Process Plant Performance YTD Crusher

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

January February March April May

Mill Tonnes Processed (tonnes per day) Target Actual

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Page 11: Young-Davidson Analyst Tour

2013 Upper Mine Production & Development

Q2 Stopes

Q2 Stopes

Q3 Stopes

Q4 Stopes

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Upper mine represents 8 years of production

Page 12: Young-Davidson Analyst Tour

Northgate Production Shaft Work

• 3rd leg (610m) • Planned end of 2016

• 1st leg reaming completed (440m) • Ground support completed

• 2nd leg reaming completed (890m)

LEGEND Raise Bore Leg #1 Raise Bore Leg #2 Raise Bore Leg #3

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Accessing mine via shaft system

Reaming of NG shaft

Page 13: Young-Davidson Analyst Tour

Shaft System Productivities

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• Supports increased underground mining rates

• Improved productivity vs. ramp haulage

• Optimizes cycle time

• Enhanced cost efficiencies

• Reduces mobile equipment requirements

• Improves ventilation

• Continual operations

• Capacity of 8,000tpd

Shaft system catalyst for underground production growth

Page 14: Young-Davidson Analyst Tour

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

Northgate 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 Crusher room construction ore pass throat 14

Page 15: Young-Davidson Analyst Tour

MCM Shaft Work

Soledad Property – Kern County, California

Legend

• Current location of shaft bottom 9533 L

• Shaft sinking activities will resume in September

• Sinking complete mid-2015

• Continue hoisting waste through MCM shaft

• Men and materials

• Ventilation

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MCM shaft sinking

Accessing mine via shaft system

Page 16: Young-Davidson Analyst Tour

Solid Production Growth

Second consecutive quarter of solid results in line with guidance levels

• Solid production growth quarter over quarter

• Cash costs in-line with target levels

• Mill and underground operations exceeding targeted levels

0

5,000

10,000

15,000

20,000

25,000

30,000

2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2F

Young-Davidson Total Gold Ounces Produced(6)

(6) Refer to endnote #6. 16

Page 17: Young-Davidson Analyst Tour

Young-Davidson Milestone Dates

2nd leg of shaft reaming completed Q2 - 2013

Shaft Waste handling / rock breaker / loading pocket commissioned Q3 - 2013

Shaft Ore handling system / crusher commissioned Q3 - 2013

Paste fill plant operation Q4 - 2013

Paste Fill Plant

• $45M - $50M capex in 2013

• Offsets requirement for additional

tailings capacity

• Commissioning anticipated for Q4 2013

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Page 18: Young-Davidson Analyst Tour

2013 Operational Estimates(4)

(2) Refer to endnote #2. (4) Refer to endnote #4. (7) Refer to endnote #7. (3) Refer to endnote #3. (6) Refer to endnote #6.

Young-Davidson 2013 Operational Estimates (March 25, 2013)

Gold Production (ounces)(6) 120,000-140,000

Cash Costs per Ounce(2)(3) $575-$675

Total All-in Sustaining Costs per Ounce(2)(7) $1,250-$1,350

Capital Investment Program (US$000’s)

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 $135,000-$150,000

Depletion and Amortization (US$ per ounce) $300-$310

Exploration (US$000’s) Up to $3,500

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Page 19: Young-Davidson Analyst Tour

Endnotes

1. Data provided by the Timmins Resident Geologist Program Ontario Geological Survey for the Ministry of Northern Development & Mines (2006).

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

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Page 20: Young-Davidson Analyst Tour

Young-Davidson Mine Update Luc Guimond, General Manager June 25, 2013

www.auricogold.com

Page 21: Young-Davidson Analyst Tour

Appendix

Page 22: Young-Davidson Analyst Tour

Northgate Shaft Reaming 2nd Leg

Soledad Property – Kern County, California

• 4m thick rock pillar in place

• Pillar will be blasted by shaft crew during bolting cycle

• Raise boring of 2nd leg completed

• Shaft crews currently in bolting phase of 2nd leg

• 5m thick concrete plug in place just above 9500 L

9590 L

9500 L

9440 L

11 Level

Shaft Collar

• 1st Leg ground support completed

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Page 23: Young-Davidson Analyst Tour

Crusher Station 9530 L

Soledad Property – Kern County, California

Crusher room excavation completed

Pit trench excavation completed

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Page 24: Young-Davidson Analyst Tour

Conveyor Level 9500 L

Soledad Property – Kern County, California

Conveyor drift excavation completed

Ore pass raise to crusher excavated

Loading pocket excavation completed

Shaft full of muck

Concrete plug in place

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Page 25: Young-Davidson Analyst Tour

Reserves and Resources(5)

Total Proven and Probable Reserves

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

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

Total Measured and Indicated Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

Young-Davidson - Surface 291 1.70 16

Young-Davidson - Underground 9,531 2.74 839

Total Young-Davidson 9,821 2.71 855

Inferred Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

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

(5) Refer to endnote 5. 25

Page 26: Young-Davidson Analyst Tour

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. 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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Page 27: Young-Davidson Analyst Tour

All-in Sustaining Cash Cost Allocation

Cash Costs

Sustaining

Exploration

Corporate G&A

2013 All-in Sustaining Cash Costs $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 Cash Costs

• Provides increased transparency

• More representative of actual cost of production

• Removes influence of accounting treatments

• Can be reconciled to OCF

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