2014 Operational Outlook

February 7, 2014

TSX: AUQ / NYSE: AUQ

www.auricogold.com

Home Safe, Every Day

► Young Davidson – 1.4MM Hours Lost Time Incident Free

► El Chanate - 1.5MM Hours Lost Time Incident Free

► AuRico – 2.9MM Hours Lost Time Incident Free

Fostering a safety culture where zero injuries are possible

Safety training at the Young-Davidson mine Celebrating a safety milestone at the El Chanate mine 2

2013 Operational Highlights

3

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14E

Gol

d O

unce

s Pr

oduc

ed

Company-Wide Production Growth

Young-Davidson El Chanate

► Young-Davidson and El Chanate reported solid 2013 production in-line with guidance

► Declared commercial production at the Young-Davidson underground mine on October 31

► Construction phase at Young-Davidson completed

2014 Operational Guidance

4

2014 Operational Guidance Highlights

100

125

150

175

200

225

250

2013 2014

Prod

uctio

n O

z. (0

00’s

)

Growing Production

0

50

100

150

200

250

2013 2014

US$

(000

’s)

Declining Capex

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

2013 2014

US$

per

oun

ce

All-in Sustaining Costs

4

► Gold production increase of up to 25%, with continued annual growth over next 3 years

► AISC anticipated to decrease as production increases to targeted levels

► Up to 40% decrease in capital investment, with additional decreases going forward

Young-Davidson Outlook

► Production increase of up to 32%

► Decreasing AISC will be driven by growing production profile

► 2014 mine plan is 75% laterally accessed & 100% vertically accessed

► Lower mine vertical development will provide access to 20 years of strategic mine life

2014 Young-Davidson Operational Estimates

Gold Production (ounces) 140,000 – 160,000

Underground Mine Cash Costs $650 - $750

Open Pit (incl. stockpile) $850 - $950

Cash Costs per Ounce $700 - $800

All-in Sustaining Costs $1,100 - $1,200

2014 Young-Davidson Capital Investment

Lower Mine Vertical Development $25,000

Non-Recurring Capital $25,000

Sustaining Capital $55,000 - $60,000

Total Capital Investment $105,000 - $110,000

5

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14E

Gol

d O

unce

s Pr

oduc

ed

Young-Davidson Ramp-Up

Young-Davidson ramping-up to be one of largest gold mines in the Abitibi

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2014 2015 2016 2017

Tonn

es p

er D

ay

Underground Mine Ramp-up (Year-End Productivity Targets)

► Disciplined underground ramp-up

► Productivity ramping from 2,500tpd in Q1 to a year-end exit rate of 4,000tpd

► Ultimate target of 8,000tpd by end of 2016

► In-line underground unit mining costs

► $39/t in November and December

► $45/t in Q1 with inclusion of pastefill

► Decreasing unit costs throughout the year with increased productivity

6

El Chanate Outlook

► Consistent year-over-year production

► Consistently operating at targeted levels

► Cash costs at the lower end of the industry cost curve

► Significant opportunity to extend mine life

► Access to an additional 15-20 km of the El Chanate Fault

2014 El Chanate Operational Estimates

Gold Production (ounces) 70,000 - 80,000

Cash Costs per Ounce $625 - $725

All-in Sustaining Costs $1,000 - $1,100

2014 El Chanate Capital Investment

Capitalized Stripping $17,500 - $22,500

Surface Capital Projects $2,500

Total Capital Investment $20,000 - $25,000

7

40,000

45,000

50,000

55,000

60,000

65,000

70,000

75,000

2011 2012 2013 2014E

Gol

d Pr

oduc

tion

Oz.

Stable Annual Gold Production

Disciplined Quarterly Growth Profile

8 (1) 2014 quarterly production indicated in the chart above is illustrative of expected production increases and should not be considered as quarterly guidance

Disciplined Quarter over Quarter Production Growth (1)

37,213

41,145

46,170 48,003 48,903 49,523

Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q3-2013 Q4-2013 Q1-2014 Q2-2014 Q3-2014 Q4-2014

► Consistent increase in quarterly production since start-up of Young-Davidson

► Delivered sixth consecutive quarter of company-wide production growth

► Quarterly production increase is expected to continue as the YD underground mine ramps-up

8

Positioned For Value Creation

• Core assets located in Canada and Mexico • Low geo-political risk

Two quality assets in top jurisdictions

• Production is at lower end of cost curve • 3-year organic growth production profile

Low cost production with organic growth

• Young-Davidson mine life of over 20 years • New mineralized targets at El Chanate

Long mine life with exploration potential

• Strong liquidity position • Significantly decreasing capital requirements

Strong financial position

• Positioning operations for long-term success • Driving efficiencies for any gold price environment

Focused on long-term value creation

9

Appendix

2014 Operational Estimates

2014 Operational Estimates (1) Gold Production (ounces)

Young-Davidson 140,000 – 160,000 El Chanate 70,000 - 80,000

Total Production 210,000 – 240,000 Cash Costs per Ounce

Young-Davidson Underground Mine $650 - $750 Open Pit (incl. stockpile) $850 - $950

Young-Davidson Total $700 - $800 El Chanate $625 - $725

Total Cash Costs per Ounce $675 - $775 All-in Sustaining Costs Young-Davidson $1,100 - $1,200 El Chanate $1,000 - $1,100 Total All-in Sustaining Costs per Ounce2,3 $1,100 - $1,200

11

2014 Operational Estimates Capital Investment Program (US$000’s)

Young-Davidson Non-Recurring Capital

Lower Mine Vertical Development MCM Shaft Deepening $15,000 Lower Mine Ramp Advance $10,000 Fixed Assets Underground Mobile Equipment $10,000 Underground Ventilation Infrastructure $5,000 Surface Capital Projects $10,000

Sustaining Capital Underground Development – Production Ramp-up $55,000 - $60,000

Total Capital Investment – Young Davidson $105,000 - $110,000 El Chanate

Capitalized Stripping $17,500 - $22,500 Surface Capital Projects $2,500

Total Capital Investment – El Chanate $20,000 - $25,000 Total Capital Investment $125,000 - $135,000 Exploration (US$000’s) Company-wide Exploration $10,000 General and Administrative (US$000’s)4

Corporate G&A $20,000 1. The following currency assumptions were used to forecast 2014 estimates: 0.95:1 US dollar to the Canadian dollar and 13.0:1 Mexican pesos to the US dollar 2. All-in sustaining costs are defined as cash costs, sustaining capital, corporate general and administrative expense and sustaining exploration. 3. Sustaining capital is defined as capital expenditures required to maintain current levels of production. 4. Does not include share-based compensation or corporate restructuring costs 12