Committed to Shareholder Value Creation

Dahlman Rose & Co. Precious Metals Conference January 9, 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 and silver; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; technical challenges associated with the construction of capital projects; 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, El Chanate and Ocampo mines and may not perform as planned; the ability to complete the sale of Ocampo, Venus and the Los Jarros properties; the ability to complete a joint venture agreement on the Orion property; the ability to realize the perceived benefits from the acquisition of Capital Gold and Northgate and from the divestiture of the Stawell, Fosterville and El Cubo mines; 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; and the ability of the company to successfully integrate acquisitions. 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 news release 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

Company Analyst

BMO Nesbitt Burns David Haughton

Canaccord Genuity Rahul Paul

CIBC Cosmos Chiu

Credit Suisse Anita Soni

Dahlman Rose Adam P. Graf

Desjardins Securities Adam Melnyk

Dundee Securities Ron Stewart

GMP Securities Craig West

Mackie Research Barry Allan

Macquarie Securities Tony Lesiak

Merrill Lynch Mike Parkin

National Bank Paolo Lostritto

RBC Capital Markets Dan Rollins

Scotia Capital Trevor Turnbull

TD Securities Steven Green

UBS Chris Lichtenheldt

Capital Structure

Fully diluted shares outstanding1,2 293MM

Market Capitalization $2.3B

NYSE & TSX 3-months avg. daily trading volume 4.8MM

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

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0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

Volume Close

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)

• Commercial production declared at Young-Davidson (Sept 1/12)

• Settlement of McKenna Class Action ($13.25M)

• Sale of Ocampo closed Dec 14/12 (gross proceeds of $750M)

• Repayment of $128M debt facility

• Announcement of $300M Substantial Issuer Bid

Upcoming News Flow • Closing of Substantial Issuer Bid (Jan. 23/13)

• Reserve and Resources Update (Feb 28/13)

• Q4 & YE Financial Results (March 27/13)

• Announcement of ongoing dividend policy (March 27/13)

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Recent Developments

Young-Davidson

El Chanate

Orion

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

High Quality Asset Base

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.

El Chanate, Mexico 2012E 2013E

Production Au oz. 70-75k 75-85k

Cash Costs per Au oz.1 $430-$460 $455-$485

2011 Reserves and Resources (000’s oz Au)

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

Measured and Indicated Resources 38 0.42 Au g/t 2

Inferred Resources 8 0.46 Au g/t 2

Young-Davidson, Canada 2012E 2013E

Production Au oz. 55-65k 135-155k

Cash Costs per Au oz.1 $550-$650 $500-$550

2011 Reserves and Resources (000’s oz Au)

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

Measured and Indicated Resources 956 2.03 Au g/t 2

Inferred Resources 1,431 2.43 Au g/t 2

Orion (50%), Mexico3

2011 Resources (000’s oz Au Eq)

Measured and Indicated Resources 330 9.27 Au g/t 2

Inferred Resources 29 4.98 Au g/t 2

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Compelling Value Proposition

• 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

Repositioning for Consistent, Reliable, Sustainable Growth

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YD Historic Mine Workings

Open Pit

Ramp Portal 10350L

NG Shaft MCM Shaft

9890L

9590L

9400L

9200L

8900L

MCM Historic Mine Workings

Young-Davidson

• Commercial production Sept. 1/12

• Low cost producer & strong production growth profile

• Underground production commenced from UBZ

• Mill above name plate capacity

• Hoisting ore during Q3 2013

• YD West Zone: strategic exploration focus

UBZ Zone

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2nd Leg Northgate

Shaft (450m)

YD West Zone

2012E 2013E

Production (gold ounces)4 55,000-65,000 135,000-155,000

Cash Costs (per gold ounce)1,3 $550-$650 $500-$550

Capital Expenditures (US$M) 2,3 Up to $240 Up to $130

P&P Reserves (oz.) 3.8 million

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. 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.

37,625 64,781

82,600 97,591 101,305

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

Open Pit Tonnes Per Day

El Chanate Mine

• Cash costs in lower quartile

• Achieved target mining rates of ~100k tpd

• Accelerated pre-development program in 2012

• Increasing areas under leach to 80% by end of 2012

Delivering consistent, stable results; lowest quartile cash costs

2012E 2013E

Production (gold ounces) 70,000-75,000 75,000-85,000

Cash Costs (per gold ounce)1,3 $430-$460 $455-$486

Capital Expenditures (US$ million) 2,3 Up to $49 Up to $40

P&P Reserves (oz.) 1.3 million

Mine Life 8 years

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

14,871 16,444 18,080 19,093 17,822 19,388

$486 $465

$401 $409 $433 $434

Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12

Quarterly Production and Cash Costs

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New Discoveries at El Chanate

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

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Free Cash Generating Capacity

Increasing production profile at declining cash costs

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

Source: Consensus data

2012E 2013E 2014E 2015E 2016E

El Chanate - Capex Young-Davidson - Capex FCF

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

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Compelling Value Proposition

• 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

Repositioning for Consistent, Reliable, Sustainable Growth

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Committed to Shareholder Value Creation

Dahlman Rose & Co. Precious Metals Conference January 9, 2013

Two Year Outlook - Young-Davidson

2 Year Guidance

2012 2013 Production4 55,000-65,000 135,000-155,000

Cash Costs (per gold ounce)1,3 $550-$650 $500-$550

Capital Expenditures (US$ millions)2,3 Up to $240 Up to $130

Open Pit (US$/tonne)3 $3.30-$3.50 $3.40-$3.60

Underground (US$/tonne)3 $28-$30 $34-$36

Mill (US$/tonne)3 $11-$13 $10-$12

Admin (US$/oz)3 $30-$40 $30-$40

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. 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.

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Two Year Outlook – El Chanate

2 Year Guidance

2012 2013

Production1 70,000-75,000 75,000-85,000

Cash Costs (per gold ounce)1,3 $430-$460 $455-$485

Capital Expenditures (US$ millions)2,3 Up to $49 Up to $40

Open Pit (US$/tonne) 3 $1.40-$1.60 $1.20-$1.40

Leach (US$/tonne)3 $2.65-$2.95 $2.40-$2.70

Admin (US$/oz)3 $65-$85 $35-$55

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 14

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

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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

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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

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Notes to 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

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:

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