1. Committed to Shareholder
Value Creation
BMO Global Metals & Mining Conference
February 26, 2013
TSX: AUQ / NYSE: AUQ
www.auricogold.com
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
decision to declare a quarterly 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 mines 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
Capital Structure Analyst Coverage
1. BMO Nesbitt Burns
2. Canaccord Genuity
Cash on hand(1) US$300M+ 3. CIBC
4. Credit Suisse
5. Dahlman Rose
6. Desjardins Securities
Available Credit Facility(1) US$150M
7. Dundee Securities
8. GMP Securities
9. Mackie Research
Fully diluted shares
258.3M 10. Macquarie Securities
outstanding(1)
11. Merrill Lynch
12. National Bank
Market Capitalization 13. Raymond James
$1.6B
14. RBC Capital Markets
15. Scotia Capital
NYSE & TSX 3-month avg. 16. TD Securities
4.1M
daily trading volume
17. UBS
(1) Refer to endnote #1. 3
4. A High Quality, Low Cost Asset Base
Streamlined Asset Base on the Lower End of the Industry Cost Curve
$1895
2011 gold price
range
$1319
Cash cost curve (US$/oz)
Fosterville El Cubo
Young-Davidson Ocampo Stawell
El Chanate
Percentile of total paid gold Current asset
Divested asset
Source: Company documents
“We have significantly traded up on the overall quality of the asset base which positions
AuRico well for reliable, consistent, and sustainable performance.”
4
5. The Transformed AuRico
Delivering Reliable, Consistent, Sustainable Performance
• High quality operations located in North America
• Divested Non-Core Assets ($1.0B+)
Quality Assets
• Cash costs at lower end of industry cost curve
• Long mine lives & growing reserves per share
• Strong organic production growth profile
Organic Growth Profile • Focused on quality, low-cost ounces
• Growing production per share
• Cash balance of US$300M(1)
Peer-Leading Balance • Undrawn debt facility of $150M(1)
Sheet
• Growing profitability and cash flow per share
• Completed $300M substantial issuer bid
Shareholder Friendly • Launched peer-leading dividend policy
Initiatives • Growing dividend per share
• Insider buying
(1) Refer to endnote #1. 5
6. High Quality Asset Base
A Pure Gold Producer Focused on Quality Assets in North America
Young-Davidson, Canada 2012A 2013E(3)
Production Au oz.(5) 56,138 120-140k
Cash Costs per Au oz.(2) $690-$710 $575-$675
2011 Reserves and Resources (000’s oz Au)
Proven and Probable Reserves 3,831 2.56 Au g/t(4)
Measured and Indicated Resources 956 2.03 Au g/t(4) Kemess
Inferred Resources 1,431 2.43 Au g/t(4)
Young-Davidson
El Chanate, Mexico 2012A 2013E(3)
Production Au oz. 71,145 70-80k
Cash Costs per Au oz.(2) $425-$445 $475-$525
El Chanate
2011 Reserves and Resources (000’s oz Au)
Orion
Proven and Probable Reserves 1,285 0.65 Au g/t(4)
Measured and Indicated Resources 38 0.42 Au g/t(4)
Inferred Resources 8 0.46 Au g/t(4)
(2) Refer to endnote #2. (4) Refer to endnote #4.
(3) Refer to endnote #3. (5) Refer to endnote #5. 6
7. Young-Davidson Mine
MCM Historic
Ramp Portal Mine Workings
2012A 2013E(3)
10350L
Open Pit
Production (gold ounces)(5) 56,138 120,000-140,000 YD Historic
Cash Costs (per gold ounce)(2) $690-$710 $575-$675 Mine Workings
P&P Reserves (oz.) (4) 3.8 million
Resources (oz.)(4) 1.0 million NG Shaft MCM Shaft
Mine Life 17 years
UBZ Zone
• Low cost producer & strong
9890L
production growth profile
• Long mine life: Opportunity for
expansion as reserves increase Mid-Shaft
Loading
• Underground production 9590L
Pocket
commenced from UBZ (Oct./12)
• Mill exceeding design capacity 9400L
• Hoisting ore during Q3 2013
• Exploration Focus: 9200L
• YD West Zone
• Orebody open at depth
8900L
YD West
(2) Refer to endnote #2. (4) Refer to endnote #4.
(3) Refer to endnote #3. (5) Refer to endnote #5.
Zone 7
8. Young-Davidson Life of Mine
Significant Mine Life: Opportunity for Expansion as Reserves Increase
9,000 300
8,000
250
7,000
6,000 200
Gold ounces (000’s)
Tonnes per day
5,000
150
4,000
3,000 100
2,000
50
1,000
- 0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Open Pit Ore Underground Ore Stockpiled Ore Ounces - Expansion
Life of Mine profile depicts Proven & Probable Reserves only
8
9. El Chanate Mine
Delivering Consistent, Stable Results; Lowest Quartile Cash Costs
Open Pit Tonnes Per Day Quarterly Production and Cash Costs
$486
$468
$465
$433 $434
$401 $409
101,305 101,804 19,093 19,388
97,591 18,080 17,882
82,600 16,444
14,871 14,782
64,781
37,625
2010 2011 Q1-12 Q2-12 Q3-12 Q4-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12
• Cash costs in lower quartile 2012A 2013E(3)
Production (gold ounces) 71,145 70,000-80,000
• Achieved target mining rates of ~100k tpd
Cash Costs (per gold ounce)(2) $425-$445 $475-$525
• Accelerated pre-development program P&P Reserves (oz.) 1.3 million
complete in mid-2013 Mine Life 8 years
• Increasing areas under leach to 80%
• High exploration potential for expansion of
existing reserves (2) Refer to endnote #2.
(3) Refer to endnote #3. 9
10. New Mineralization 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) 10
11. Kemess Underground
Kemess, Canada - Copper
2011 Resources (000’s lbs Cu)
Measured and Indicated
861,000 0.29%(4)
Resources
Inferred Resources 30,000 0.22%(4)
Kemess, Canada - Gold
2011 Resources (000’s oz Au)
Measured and Indicated 0.56 Au
2,610
Resources g/t(4)
0.42 Au
Inferred Resources 90
g/t(4)
• Copper/gold porphyry deposit located in British Columbia, Canada
• Draft Feasibility Study complete
• Value surfacing opportunity
(4) Refer to endnote #4. 11
12. Orion Joint Venture
• 50/50 Joint Venture partnership Orion, Mexico
• AuRico and Minera Frisco 2011 Resources (000’s oz Au Eq)
Measured and Indicated Resources 330 9.27 Au g/t(4)
• $2.0M (10,000m) combined
exploration program (2013)
Inferred Resources 29 4.98 Au g/t(4)
• 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
(4) Refer to endnote #4. 12
13. Free Cash Generating Capacity
Increasing production profile (7)
400 $700
Cash costs per ounce
Ounces (000’s)
300 $600
200 $500
100 $400
0 $300
2012 2013 2014 2015
Production Cash Costs
Robust cash flow profile driven by long life mines, production growth and decreasing capital expenditure profile (7)
$250
$150
US$ (000's)
$50
($50)
($150)
($250)
($350)
($450)
2012 2013 2014 2015
Consolidated Capex FCF
(7) Refer to endnote #7. 13
14. Dividend Policy
• 2013: Equivalent annual dividend of $0.16 per common share (payable quarterly)
• 2014: 20% payout ratio of operating cash flow (“OCF”) generated in the preceding quarter,
divided by outstanding common shares at time of approval
• First quarterly dividend expected to be declared on March 25, 2013
• Leverage to growing cash flow stream
• Peer-leading yield with opportunity to increase
• Increased shareholder exposure through recent US$300M share buyback
Illustrative Yield per Street Consensus Operating Cash Flow per Share(6)
Payout ratio: 20% OCF
Initial dividend of
$0.16/per share 3.3%
2.7%
2.4%
2.3%
2013 2014 2015 2016
(6) Refer to endnote #6.
14
15. Accretive Growth Per Share(7)
Operating Cash Flow per Share (US$) Earnings per Share (US$) Free Cash Flow per Share (US$)
$0.84 $0.83 $0.57
$0.66
$0.47
$0.64
$0.40 $0.41
$0.35
($0.10)
$0.30
($1.51)
2012E 2013E 2014E 2015E 2012E 2013E 2014E 2015E
2012E 2013E 2014E 2015E
Proven & Probable Reserves per 1,000
Gold Production (ounces) per 1,000 Shares All-in Resources per 1,000 Shares(8)
Shares
37.4
20.8
1.2 32.7 32.6
18.2 18.1
1.0
15.5
0.8
20.8
8.8
0.5
10.1
0.2
2011 2012 2013E 2014E 2015E Apr. 2011 Oct. 2011 YE 2011 YE 2012 Current (Feb. Apr. 2011 Oct. 2011 YE 2011 YE 2012 Current (Feb.
(Post CGC (Post NGX 2013) (Post CGC (Post NGX 2013)
Acquisition) Acquisition) Acquisition) Acquisition)
(7) Refer to endnote #7.
(8) Refer to endnote #8. 15
16. The Transformed AuRico
Delivering Reliable, Consistent, Sustainable Performance
• High quality operations located in North America
• Divested Non-Core Assets ($1.0B+)
Quality Assets
• Cash costs at lower end of industry cost curve
• Long mine lives & growing reserves per share
• Strong organic production growth profile
Organic Growth Profile • Focused on quality, low-cost ounces
• Growing production per share
• Cash balance of US$300M(1)
Peer-Leading Balance • Undrawn debt facility of $150M(1)
Sheet
• Growing profitability and cash flow per share
• Completed $300M substantial issuer bid
Shareholder Friendly • Launched peer-leading dividend policy
Initiatives • Growing dividend per share
• Insider buying
(1) Refer to endnote #1. 16
17. Endnotes
1. Company cash on hand and fully diluted shares (excluding convertible debentures) as of December 31, 2012, have been adjusted for
the completion of a US$300M Substantial Issuer Bid. For more information on the Substantial Issuer Bid, please refer to the press
release dated January 29, 2013, available on the Company website at www.auricogold.com. AuRico Gold established a $150M credit
facility February 1, 2013.
2. 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. Cash costs for the Young-Davidson mine are attributable to commercial production ounces only. Cash cost per ounce is a
non-GAAP performance measure management uses to better assess the Company’s performance for the current period and its
expected performance in the future. This non-GAAP measure does not have any standardized meaning prescribed by GAAP, and
should not be considered in isolation from or as a substitute for performance measures prepared in accordance with GAAP. For more
information regarding this measure, please refer to the press release dated November 12, 2012, under the heading “Non-GAAP
Measures”, available on the Company website at www.auricogold.com.
3. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments,
please refer to the press release dated January 18, 2013, available on the Company website at www.auricogold.com.
4. Reserves and resources for Young-Davidson and El Chanate mines, Kemess Underground, and Orion represent gold or gold
equivalent grade as per technical reports and Company disclosure. For more information regarding AuRico Gold’s Mineral Reserves
and Resources as at December 31, 2011, please refer to the press release dated March 5, 2012, available on the Company website at
www.auricogold.com. Resources excludes inferred resources.
5. Production figures include gold ounces only. 2012 production at the Young-Davidson mine includes pre-production ounces as well as
ounces produced subsequent to the declaration of commercial production on September 1, 2012.
6. The illustrative yield assumes the share price as of February 13, 2013 and consensus data available as of February 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.
7. Figures include 2012 preliminary results, consensus data available as of February 2013, AuRico Gold’s 2013 operational outlook
disclosed in the press release dated January 18, 2013, available on the Company website at www.auricogold.com, and shares
outstanding assumed to be constant at the January 31, 2013 level subsequent to the completion of a US$300M Substantial Issuer Bid.
2012 data reflects current asset base.
8. Includes reserves. Excludes Orion (50%) and Kemess. Based on reserves and resources as at December 31, 2011.
17
18. Committed to Shareholder
Value Creation
BMO Global Metals & Mining Conference
February 26, 2013
TSX: AUQ / NYSE: AUQ
www.auricogold.com
20. 2013 Operational Estimates (3)
2013 Operational Estimates
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 $475-$525
Total Cash Costs per Ounce $540-$620
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 $13,000-$17,000
Total Capital Investment – El Chanate $35,000-$45,000
Total Capital Investment $170,000-$195,000
Depletion and Amortization (US$ 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
(3) Refer to endnote #3. 20
21. All-in Costs & Cost Allocation
All-in Costs
2013 All-in Consolidated Costs • Provides increased transparency
$1,100-$1,200 per ounce
• More representative of actual cost of production
Corporate
G&A • Removes influence of accounting treatments
Exploration
• Can be reconciled to OCF
Sustaining
Cash Cost Allocation
Materials/Mtc
9%
Consumables
19% Labour
Cash Costs 57%
(Includes contract
Diesel labour)
9%
Power
6%
21
27. 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,
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 joint venture agreement completed early 2013, where Minera Frisco acquired 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:
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
27