AuRico Gold (TSX: AUG; NYSE: AUQ) just couldn’t wait to push its production results out to the market.
Only a day after the first quarter ended the company showed off results from its Young-Davidson and El Chanate mines and beat the Street’s estimates with total production of 54,000 oz. of gold in the first three months of the year.
The numbers bettered both BMO Capital Markets and Scotiabank’s production forecasts for the quarter, with the Young-Davidson mine, situated 60 km west of Kirkland Lake, making up 35,000 oz of production, while El Chanate, situated 37 km northeast of Caborca in Sonora State, Mexico, accounting for the remaining19,000 oz of gold.
More importantly for investors …
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