2. FORWARD LOOKING STATEMENTS
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future
financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”,
“believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-
looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes
in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any
decisions to implement a dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with
mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development
activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson, and El Chanate mine and may not perform
as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local
government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to
sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future
cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company Many of these uncertainties
and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-
looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All
of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent
Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the
factors underlying forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.
Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources
This presentation uses the terms "measured," "indicated " and "inferred” resources. We advise investors that while those terms are recognized and
required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates
of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that
all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not
to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
2
3. Capital Markets Profile
Analyst Coverage
Capital Structure Company Analyst
BMO Nesbitt Burns Brian Quast
Fully diluted shares Canaccord Genuity Rahul Paul
258MM
outstanding1,2
CIBC Cosmos Chiu
Credit Suisse Anita Soni
Market Capitalization $2.0B
Dahlman Rose Adam P. Graf
Desjardins Securities Adam Melnyk
NYSE & TSX 3-months avg.
4.8MM
daily trading volume Dundee Securities Ron Stewart
1. Excluding convertible debentures GMP Securities Craig West
2. Subsequent to the completion of a US$300M Substantial Issuer Bid
Mackie Research Barry Allan
$12.00 9,000,000
8,000,000 Macquarie Securities Tony Lesiak
$10.00
7,000,000
Merrill Lynch Mike Parkin
$8.00 6,000,000
National Bank Paolo Lostritto
5,000,000
$6.00
4,000,000
Raymond James Gary Baschuk
$4.00 3,000,000 RBC Capital Markets Dan Rollins
2,000,000
$2.00 Scotia Capital Trevor Turnbull
1,000,000
$0.00 0
TD Securities Steven Green
UBS Chris Lichtenheldt
Volume Close
3
4. Recent Developments
Recent News Flow
• Sale of Australian assets closed May 4/12 (gross proceeds $65M)
• Sale of El Cubo closed July 13/12 (gross proceeds $200M)
• Sale of equity interest in Endeavour Silver and Crocodile Gold (gross proceeds $104M)
• Sale of Ocampo closed Dec 14/12 (gross proceeds of $750M)
• Repayment of $128M debt facility
• Settlement of McKenna Class Action ($13.25M)
• Commercial production declared at Young-Davidson (Sept 1/12)
• Q4 & 2012 production / 2013 guidance (Jan 18/13)
• Closing of Substantial Issuer Bid (Jan 29/13)
Upcoming News Flow
• Reserve and Resources Update (Feb 28/13)
• Q4 & YE Financial Results (week of March 25)
• Details of the Company’s inaugural dividend policy (before the end of March)
4
5. High Quality Asset Base
A Leading Pure Gold Producer Focused on Quality Assets in North America
Young-Davidson, Canada 2012A 2013E
Production Au oz. 56,138 120-140k
Cash Costs per Au oz.1 $690-$710 $575-$675
2011 Reserves and Resources (000’s oz Au)
Proven and Probable Reserves 3,831 2.56 Au g/t 2
Kemess 2
Measured and Indicated Resources 956 2.03 Au g/t
Inferred Resources 1,431 2.43 Au g/t 2
Young-Davidson
Kemess, Canada - Gold
2011 Resources (000’s oz Au)
Measured and Indicated
2,610 0.56 Au g/t 2
Resources
Inferred Resources 90 0.42 Au g/t 2
El Chanate, Mexico 2012A 2013E
El Chanate
Kemess, Canada - Copper Production Au oz. 71,145 70-80k
2011 Resources (000’s lbs Cu)
Orion Cash Costs per Au oz.1 $425-$445 $475-$525
Measured and Indicated
861 0.29%
Resources
2011 Reserves and Resources (000’s oz Au)
Inferred Resources 30 0.22%
Proven and Probable Reserves 1,285 0.65 Au g/t 2
Orion (50%), Mexico3
Measured and Indicated Resources 38 0.42 Au g/t 2
2011 Resources (000’s oz Au Eq)
Measured and Indicated 2 Inferred Resources 8 0.46 Au g/t 2
330 9.27 Au g/t
Resources
Inferred Resources 29 4.98 Au g/t 2
1. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a cost credit. 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.
2. Represents gold or gold equivalent grade as per technical reports and company disclosure.
3. Minera Frisco has acquired a 50% interest in the Orion project and a joint venture agreement is anticipated to be completed in early 2013.
5
6. Compelling Value Proposition
Repositioning for Consistent, Reliable, Sustainable Growth
• High quality asset base
• North American (low risk) focus
• Cash costs below industry average
• Organic growth profile
• Mine longevity
• Peer-leading balance sheet
• Growing free cash flow stream
• Strong leverage to gold price
• Shareholder friendly initiatives focus
6
7. Young-Davidson
MCM Historic
Ramp Portal Mine Workings
2012A 2013E 10350L
Open Pit
Production (gold ounces)3 56,138 120,000-140,000
YD Historic
Mine Workings
Cash Costs (per gold ounce)1,2 $690-$710 $575-675
P&P Reserves (oz.) 3.8 million
NG Shaft MCM Shaft
Mine Life (years) 18 years
1. Cash costs for the Young-Davidson mine are calculated on a per gold ounce basis, using by-
product revenues as a cost credit and are attributable to commercial production ounces only.
2. The following currency assumptions were used to forecast estimates: UBZ Zone
• 1:1 Canadian dollars to the US dollar
3. 2012 production includes pre-production ounces as well as ounces produced subsequent to the
declaration of commercial production.
9890L
• Commercial production Sept. 1/12
2nd Leg
• Low cost producer & strong 9590L Northgate
production growth profile Shaft
(450m)
9400L
• Underground production
commenced from UBZ
• Mill above name plate capacity 9200L
• Hoisting ore during Q3 2013
• YD West Zone: strategic
8900L
exploration focus
YD West Zone
7
8. El Chanate Mine
Delivering consistent, stable results; lowest quartile cash costs
Open Pit Tonnes Per Day Quarterly Production and Cash Costs
$486
$465
$433 $434
$401 $409
101,305 19,093 19,388
97,591 18,080 17,822
82,600 16,444
14,871
64,781
37,625
2010A 2011A Q1-12 Q2-12 Q3-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12
• Cash costs in lower quartile 2012A 2013E
Production (gold ounces) 71,145 70,000-80,000
• Achieved target mining rates of ~100k tpd Cash Costs (per gold ounce)1,2 $425-$445 $475-$525
P&P Reserves (oz.) 1.3 million
Mine Life 8 years
• Accelerated pre-development program in 2012 1. Cash costs for the El Chanate mines are calculated on a per gold ounce basis, using by-product revenues
as a cost credit. Production includes gold ounces only.
2. The following currency assumptions were used to forecast estimates:
• 12:1 Mexican pesos to the US dollar
• Increasing areas under leach
8
9. New Discoveries at El Chanate
Loma Prieta
Hole ID From (m) To (m) Length (m) Au g/t
CHCI-705 46.5 54.0 7.5 0.92
CHCI-716 52.5 64.5 12.0 8.35 North West Zone
58.5 66.0 7.5 3.60 Hole ID From (m) To (m) Length (m) Au g/t
CHCI-717
88.5 93.0 4.5 6.52 183.0 192.0 9.0 0.31
CHCI-725 61.5 75.0 13.5 1.70 CHCI-731
210.0 217.5 7.5 0.26
CHCI-727 48.0 54.0 6.0 4.52 CHCI-732 55.5 82.5 27.0 0.45
CHCI-747 64.5 70.5 6.0 2.10 CHCI-733 24.0 34.5 10.5 0.91
CHCI-734 133.5 141.0 7.5 1.51
CHCI-735 97.5 103.5 6.0 2.07
CHCI-749 7.5 21.0 13.5 0.19
Rono
Hole ID From (m) To (m) Length (m) Au g/t
CHCI-740 76.5 135.0 58.5 0.27
CHCI-741 114.0 166.5 Hole 741
52.5 0.34
(view looking south)
El Chanate Mine (looking south) 9
10. Free Cash Generating Capacity
Increasing production profile at declining cash costs
2012E 2013E 2014E 2015E 2016E
Production Cash Costs
Robust FCF profile driven by long life mines, production growth, declining cash costs and capital expenditure profile
2012E 2013E 2014E 2015E 2016E
El Chanate - Capex Young-Davidson - Capex FCF
Source: Consensus data (December 2012)
10
11. Compelling Value Proposition
Repositioning for Consistent, Reliable, Sustainable Growth
• High quality asset base
• North American (low risk) focus
• Cash costs below industry average
• Organic growth profile
• Mine longevity
• Peer-leading balance sheet
• Growing free cash flow stream
• Strong leverage to gold price
• Shareholder friendly initiatives focus
11
13. Management and Board of Directors
Executive Management Team
Scott Perry - President and Chief Executive Officer
Peter MacPhail - Executive Vice President and Chief Operating Officer
Robert Chausse - Executive Vice President and Chief Financial Officer
Board of Directors
Colin Benner - Executive Chairman of the Board, Sustainability Committee Member
Mark Daniel - Compensation (Chair) and Corporate Governance Committee Member
Richard Mark Colterjohn - Corporate Governance (Chair) and Audit Committee Member
Joseph Spiteri - Sustainability Committee Member
Alan Edwards - Sustainability (Chair) and Compensation Committee Member
Ronald E. Smith - Audit (Chair) and Compensation Committee Member
Patrick D. Downey - Audit and Corporate Governance Committee Member
Scott Perry - President and Chief Executive Officer
Luis Chavez - Senior Vice President, Mexican Operations
13
19. Notes to Reserves and Resources
Notes to Reserves and Resources:
• Mineral Reserves and Resources have been stated as at December 31, 2011.
• AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young-Davidson,
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.
• Minera Frisco has acquired a 50% interest in the Orion project and a joint venture agreement is anticipated to be completed in early 2013.
• Reserves have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms “Measured”, “Indicated and “Inferred”
Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC, and Mineral
Resources disclosed in accordance with the requirements of the SEC. Investors should understand that “Inferred” Mineral Resources have a great amount of uncertainty as to their
existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of AuRico Gold’s Mineral Resources
constitute or will be converted into Reserves.
The following metal prices were used for the calculation of Reserves and Resources:
Reserves Resources
Au $/oz Ag $/oz Au $/oz Ag $/oz Cu $/lb
El Chanate $1250 USD - $1450 USD - -
Young-Davidson $1250 USD - $1450 USD - -
Orion - - $850 USD $13.00 USD -
Kemess Underground - - $1100 USD $20.00 USD $2.80 USD
19
