AuRico Provides Update on the Young-Davidson Mine
AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), provides its monthly update on the Young-Davidson mine located in Northern Ontario. The Company remains on track to declare commercial production in the third quarter.
"Operations at Young-Davidson continue to advance and we remain on schedule to declare commercial production during the third quarter. We were very encouraged that the mill facility ramped back up to targeted processing levels so quickly following the recent power disruption. The mill was operating at targeted levels within hours of restarting." stated Peter MacPhail, Chief Operating Officer, Canada. "Open pit operations are progressing well, and we are nearing the productivity levels required for commercial production. Commissioning of the gravity circuit commenced late in May and the flotation and concentrate regrind will be commissioned during June."
From May 1 to June 5, exclusive of the impact of a 9 day power disruption, the mill averaged 5,818 tonnes per day, or 97% of design capacity, including one day where processing reached 7,200 tonnes per day, well above the commercial production threshold level of 5,100 tonnes per day. During this period, lower grade open pit ore was processed at the mill facility while mill systems were in the testing and optimizing phase. Average head grade for May was 1.05 g/t gold and mill recoveries averaged 82%. Mill availabilities reached 89% during May, which is considered excellent during a commissioning period. Commissioning of the gravity, flotation and regrind circuits are underway and expected to be fully commissioned in June, at which point mill recoveries are expected to increase to approximately 90%, the targeted design level. In May, the mill facility produced 3,489 ounces of gold for a total of 4,659 ounces produced to date.
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