BMO Capital Markets 24th Global Metals & Mining Conference Presentation

BMO Global Metals & Mining Conference – February 22-25, 2015

TSX; NYSE: AUQ

www.auricogold.com

Built for SUCCESS

All amounts are in US dollars unless otherwise indicated

Forward Looking Statements

Cautionary Statement

This presentation contains certain information that constitutes “forward-looking information” and “forward-looking statements” as defined under Canadian and U.S. securities

laws. All statements in this press release, other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “contemplate”,

“may”, “could”, “will”, “intend”, “estimate”, “forecast”, “target”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements

in this presentation include, without limitation, statements with respect to our expectations on underground productivity levels, underground unit mining cost, underground

development, mill facility processing rate, cash flow, free cash flow, cash costs, capital investment and timing to completion on the final leg of the Northgate production shaft,

information as to our strategy, plans and future financial and operating performance, such as our expansion plans, project timelines, production plans, projected cash flows or

capital expenditure levels, cost estimates, mining or milling methods, projected exploration results, resource and reserve estimates, other statements that express our

expectations or estimates of future performance, the success of exploration activities, the Company’s ability to delineate additional resources and reserves as a result of such

programs, statements regarding the advancement of the Lynn Lake district, the completion of a feasibility study on the Lynn Lake Project within the indicated timeframe, mineral

reserves and mineral resources and anticipated grades, exploration expenditures, costs and timing of any future development, costs and timing of future exploration and the

Company’s intentions regarding its investment in Carlisle, the presence of and continuity of metals at Kemess East at modeled grades.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such

statements, 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 and assumptions underlying the forward-looking statements in this press release 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, permits, authorizations and/or approvals from the appropriate regulatory authorities for the Kemess

Underground and Lynn Lake projects; 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, as

well as those factors discussed under “Risk Factors” in the Company’s most recent Annual Information Form.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this presentation.

Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, the assumptions set forth in our most recent Form 40-

F/Annual Information Form. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this

press release 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.

There can be no assurance that forward-looking statements or information will prove to be accurate, accordingly, investors should not place undue reliance on the forward-

looking statements or information contained herein. 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. “Inferred resources” have a great amount of uncertainty as to their existence and

as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. 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

Built for Success

Exclusive North American portfolio

Low cost, long life assets

Significant production growth

Growing free cash flow profile

Strong development project pipeline

Strong liquidity profile

Significant Canadian tax loss pools

Favourable Canadian dollar exposure

Quarterly dividend distributions

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

FY 12 FY 13 FY 14 FY 15E FY 16E FY 17E

Gold

Ounces (

5)

AuRico Gold: Built For Success

3

Significant Production Growth*

Growing Free Cash Flow*

(0.60)

(0.50)

(0.40)

(0.30)

(0.20)

(0.10)

0.00

0.10

0.20

0.30

0.40

FY 14 FY 15E FY 16E FY 17E FY 18E

Fre

e C

ash F

low

per

Share

* Source: FactSet consensus data. (5) Refer to endnote #5

AuRico Gold Overview

Cash

$90M Undrawn

debt facility

$150M

4

Unrestricted Cash, March 31

$165

Undrawn Revolving

Credit Facility $150

(as of Dec. 31, 2014) Capital Structure

Issued and Outstanding Shares 249.6M

Options 13.8M

Share Units 1.5M

Fully Diluted 265.0M

(as of December 31, 2014)

Broker Analyst

1 Credit Suisse Anita Soni

2 RBC Capital Markets Dan Rollins

3 Morgan Stanley Brad Humphrey

4 National Bank Financial Adam Melnyk

5 BMO Capital Markets Brian Quast

6 CIBC World Markets Cosmos Chiu

7 Pareto Securities John McClintock

8 Desjardins Securities Mike Parkin

9 Raymond James Phil Russo

10 TD Securities Steve Green

11 Mackie Research Barry Allan

12 GMP Securities Ian Parkinson

13 Dundee Capital Markets Joe Fazzini

14 Canaccord Genuity Rahul Paul

15 Macquarie Research Mike Siperco

16 Scotiabank GBM Trevor Turnbull

$240M in Liquidity

Analyst Coverage

Corporate Information (AUQ:TSX,NYSE)

2015 2016 2017 2018 2019 2020

No Significant Debt Maturities until 2020

$315M

High Yield

Bond

C$20M Payment and Restructured Royalty (Jan.

C$20M Upfront Payment and Restructured

Royalty Agreement (Jan. 2015)

C$20M Payment and Restructured Royalty Agreement (Jan. 2015)

Balanced North American Portfolio

5

YOUNG-DAVIDSON

Location: Ontario, Canada

Underground Mine

EL CHANATE

Location: Sonora State, Mexico

Open Pit Mine

KEMESS UNDERGROUND

Location: B.C., Canada

Advanced Development Project

LYNN LAKE GOLD CAMP

Location: Manitoba, Canada

Open Pit Development Project

Advanced high-grade open pit gold mine

development project

One of Canada’s largest

underground gold mines

Consistent, low cost

open pit gold mine

Advanced Copper Gold porphyry

development project

2015: Guiding for Another Record Year

18 19 19 16

72 75 28 29 30 33

121

150

46 48 49 50

193

225

$635 $655 $628

$766 $676

$800

$1,090 $1,189 $1,210

$1,064 $1,182 $1,100

0

100

200

300

Q1 2013 Q2 2013 Q3 2013 Q4 2013 2013 2014E

YD Production (koz)

El Chanate Production (koz)

Total Cash Costs ($/oz)

AISC ($/oz)

(1) Prior to commissioning the underground mine at Young-Davidson, cash costs were calculated on ounces produced from the open pit only. All underground costs were capitalized, and any revenue related to underground

ounces sold was credited against capital. Subsequent to the declaration of commercial production in the underground mine, cash costs are calculated on ounces produced from both the open pit and underground mines, and

revenue related to the sale of underground ounces is recognized in the Company's Statement of Operations as revenue

(2) Cash costs and all in sustaining costs, prior to stockpile and heap leach inventory net realizable value adjustments & reversals. See the Non-GAAP Measures section on page 20 of the Management’s Discussion and Analysis

for the three and nine months ended Sept. 30, 2013

(3) Includes pre-production gold ounces from the Young-Davidson underground mine

0

25

50

75

100

125

150

175

200

225

250

275

2013 2014 2015E

Pro

ductio

n O

z.

(000’s

)

Growing Production

$0

$50

$100

$150

$200

$250

2013 2014 2015E

US

$ (

000’s

)

Declining Capital Investment

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2013 2014 2015E

US

$ p

er

ounce

All-in Sustaining Costs

► Commercial production at Young-

Davidson underground commenced on

Oct. 31, 2013

► Well positioned to deliver company-wide

quarter over quarter productivity

improvements

► Gold production increase of up to 14%, with continued annual growth over next 3 years

► Operating costs to decrease significantly with corresponding annual production increases

► Up to 36% decrease in capital investment, with additional decreases going forward

2015 Company-Wide Operational Guidance Highlights

GROWING PRODUCTION; DECLINING COSTS AND CAPITAL INVESTMENT

› Production growth: up to 14%; Cash costs decline: up to 13%; Capital investment decline: up to 36%

YOUNG-DAVIDSON: GROWING PRODUCTION; DECLINING COSTS AND CAPITAL INVESTMENT

› Production growth: up to 15%; U/G cash cost decrease: up to 17%; Capital investment decrease: up to 37%

› Underpins growing net free cash flow stream

6

Transitioned to Positive Net Free Cash Flow in Q4-2014

Young-Davidson Quarterly Operational Results

First Quarter

March 31/13

Second Quarter

June 30/13

Third Quarter

Sept. 30/13

Fourth Quarter

Dec. 31/13

First Quarter

Mar. 31/14

Second Quarter

June 30/14

Gold Ounces Produced 1.5 28,281 29,252 30,099 33,106 35,104 40,166

Underground Cash Costs1,2 - - - $663 $808 $803

Open Pit Cash Costs1,2 $694 $716 $666 $983 $1,350 $974

Total Cash Costs per oz.1,2 $694 $716 $666 $850 $1,009 $871

(1) Refer to endnote #1 (2) Refer to endnote #2 (5) Refer to endnote #5

Young-Davidson Production Growth (5)

Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 2014

Gold ounces produced (5) 28,281 29,252 30,099 33,106 35,104 40,166 40,538 40,945 156,753

Underground cash costs per oz. - - - $663 $808 $803 $656 $656 $719

Open pit cash costs per oz. $694 $716 $666 $983 $1,350 $974 $923 $994 $1,071

Total cash costs per oz. (1)(2) $694 $716 $666 $850 $1,009 $871 $723 $719 $825

Underground mine

Tonnes mined per day 1,130 1,611 1,417 2,590 2,611 3,595 3,752 4,140 3,530

Grades (g/t) 2.7 2.5 2.8 3.1 2.8 3.3 3.1 3.0 3.1

Development metres 1,941 2,445 2,620 2,986 3,772 3,545 3,269 3,438 14,024

Mill processing facility

Tonnes processed per day 6,466 7,017 6,747 6,969 7,163 8,230 7,670 7,757 7,707

Grades (incl. open pit stockpile) 1.8 1.7 1.7 2.0 1.8 2.2 1.9 2.0 2.0

Recoveries (%) 86% 85% 89% 88% 87% 88% 90% 88% 88%

Young-Davidson Quarterly Operational Results

(1) Refer to endnote #1 (2) Refer to endnote #2 (5) Refer to endnote #5

11,950

17,825

26,363 28,281 29,252 30,099

33,106 35,104

40,166 40,538 40,945

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

Gold

Ounces P

roduced

(5)

Strong Operations: Growing Production

7

(1) Prior to inventory net realizable value adjustments and reversals

(2) Reserves and resources stated as at December 31, 2012. Resources are inclusive of reserves

Red Lake (incl. Cochenour)

498

Porcupine 293

Eleonore 350

Musselwhite 274

Meadowbank 377

LaRonde 247

Goldex 99

Lapa 76

Canadian Malartic (50%)

299

Detour Lake 540 Canadian

Malartic (50%) 299

Hemlo 205

Young- Davidson

170

Goldcorp Inc. Agnico EagleMines Ltd.

Detour GoldCorp.

Yamana GoldInc.

Barrick GoldCorp.

AuRico Gold Inc.

Source: Scotiabank

Gold Producers in Canada 2015E Gold Production (koz)

Photo

3,000

4,140

6,000

8,000 8,000

2013 2014 2015E 2016E 2017E

Ore

To

nnes p

er

Day

YE target of

2,000tpd

170 U/G miners

207 U/G miners

240 U/G miners

240 U/G miners

Young-Davidson: Strategic Canadian Asset

8

2013 2014 2015E

Gold Production (koz) (5) 120.7 156.8 160-180

Underground Cash Costs ($/oz) (1)(2) $663 $719 $600-$700

Open Pit Cash Costs ($/oz) (1)(2) $757 $1,071 $1,100-$1,200

Cash Costs ($/oz) (1)(2) $744 $825 $675-$775

Capital Investment ($M)(3) $191 $135 $85-$95

Projected Asset Life (years) +20

Underground Reserves (Moz) (4) 3.8

Au Grade (g/t) 2.74

Underground M&I (Moz) (4) 1.4

Au Grade (g/t) 3.19

Growing Gold Price Margin

Significant Gold Production Growth*(5) Production Ramp-Up (Year-End Exit Rates)

-

50,000

100,000

150,000

200,000

250,000

2012 2013 2014 2015E 2016E 2017E

Gold

Ounces

(1) Refer to endnote #1 (2) Refer to endnote #2 (3) Refer to endnote #3 (4) Refer to endnote #4

(5) Refer to endnote #5 * Source: FactSet consensus data.

YE target of

4,000tpd

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

Spot G

old

Price

As of Feb 17/15

CAD$ Gold US$ Gold

90-95% of all

cash outflows

are in CAD$

90-95% of Cash Outflows are in CAD$

9890L

9590L

9400L

9200L

8900L

Young-Davidson: Operational Excellence

9

2014 “Proof of Construct” Scorecard

140kozs to 160kozs 157kozs

UG productivity @ 4,140tpd Q4-2014

UG unit costs @ $39/tonne Q4-2014

UG cash costs @ $650/oz. Q3-2014

Positive net free cash flow Q4-2014

2015 Business Plan

Gold production growth of up to15%

UG productivity increase to 6,000tpd

UG cash costs guidance $600/oz. - $700/oz.

Capital expenditure decrease of up to 37%

Growing positive net free cash flows

18

%

17

%

23

%

21

%

37

%

36

%

44

%

45

%

53

% 75

%

88

%

10

0%

10

0%

10

0%

82

%

83

%

77

%

79

%

63

%

64

%

56

%

55

%

47

% 25

%

13

%

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 2015E 2016E 2017E

Underground Open Pit incl. Stockpile Mill Grade

Young-Davidson: Processing Facility

10

0 0

1,098 1,130 1,611 1,417

2,590 2,611 3,595 3,752 4,000

4,340 5,866

4,866 5,336 5,406 5,330

4,379 4,552 4,635 3,918 4,000

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 2014Target

Mill Ore Contribution

Underground TPD Open Pit TPD

0

50,000

100,000

150,000

200,000

250,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

FY 13A FY14E FY15E FY16E FY17E

Underground Open Pit Gold Ounces

0

50

100

150

200

250

300

To

nn

es p

rocessed

per

day

Ounces

Ounces

FY 12 FY 13 FY 14E FY 15E FY 16E FY 17E

Declining unit processing costs ($/t)

4,340

5,866 5,964 6,466

7,017 6,747 6,969 7,163

8,230

7,670 7,757

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

To

nnes p

er

Day

Mill Processing Expansion

Growing Underground Ore Feed

Commissioned capacity of 6,000 tpd

Mill capacity expanded to 8,000 tpd

Processing cash flow accretive stockpiles

Gold recovery target increased to 90%

Surface stockpiles of 2.5mt @ 0.75 g/t*

* As of Dec. 31/14

Gold Producers in Canada

Red Lake (incl. Cochenour)

498

Porcupine 293

Eleonore 350

Musselwhite 274

Meadowbank 377

LaRonde 247

Goldex 99

Lapa 76

Canadian Malartic (50%)

299

Detour Lake 540 Canadian

Malartic (50%) 299

Hemlo 205

Young- Davidson

170

Goldcorp Inc. Agnico EagleMines Ltd.

Detour GoldCorp.

Yamana GoldInc.

Barrick GoldCorp.

AuRico Gold Inc.

2015 P

roductio

n

Source: Scotiabank

Gold Producers in Canada

Young-Davidson: Strategic Canadian Asset

11

USD/CAD $0.95

USD/CAD $0.90

USD/CAD $0.85

0

200

400

600

800

1000

1200

0

50

100

150

200

250

2015E 2016E 2017E 2018E 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E 2031E 2032E 2033E

Cash F

low

Bre

ak E

ven C

ost p

er

Ounce

Gold

Ounces (

000’s

)

Gold Ounces USD/CAD $0.95 USD/CAD $0.90 USD/CAD $0.85

One of the Largest Underground Gold Mines in Canada

Long Life, Low Cost, Significant Free Cash Flow

Note: Gold ounces produced and cash flow break-even costs per ounce are estimates only and should not be considered as Company guidance.

Map of Operations

(1) Average annual open pit production

(2) Reserves and resources stated as at December 31, 2012. Resources are inclusive of reserves

(3) Prior to inventory net realizable value adjustments and reversals

Au Production (koz)(1) 87

Cash Costs ($/oz) $753

AISC ($/oz) $947

Projected Mine Life (years) 10

Reserves (Moz)(2) 1.2

Au Grade (g/t) 0.67

Resources (Moz)(2) 1.3

Au Grade (g/t) 0.65

Mine Type Open Pit

El Chanate Mine

Insert MC

and

Hermisillo

El Chanate: Consistent Gold Production

12

2014 2015E

Au Production (koz) (5) 67.3 65-75

Cash Costs ($/oz) (1)(2) $669 $675-$775

Capital Investment ($M)(3) $26.1 $17.5 - $20

Projected Asset Life (years) 8

Reserves (koz) (4) 646

Au Grade (g/t) 0.74

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2011 2012 2013 2014 2015E

Gold

Pro

ductio

n O

unces

Consistent Gold Production(5)

(1) Refer to endnote #1 (2) Refer to endnote #2 (3) Refer to endnote #3 (4) Refer to endnote #4 (5) Refer to endnote #5

Consistent production of up to 75kozs

Industry competitive operating costs

All-in sustaining costs of $950-$1,050/oz.

2015 capital decrease of up to 33%

Key exploration focus

(1) Net of by-product credits assuming $3.00/lb Cu

(2) Gold equivalent ounces calculated using long term consensus pricing of $1,304/oz Au and $3.08/lb Cu

Permitting application process

underway

Mine Type Underground Block Cave

Avg. LOM Annual Prod. 105 koz Au / 44 Mlbs Cu

Avg. LOM Cash Costs (US$/oz) (1) $213

Avg. LOM AISC (US$/oz) (1) $352


Development Capex ($M) C$384

Au.Eq. Reserves (Moz) (4) 3.3

Au grade (g/t) 0.56

Cu Grade (%) 0.28

Au.Eq. Resources (Moz) (4) 5.2

NPV (5%) >C$225M

2013 Kemess Underground Feasibility Highlights(4)

$1B of Surface Infrastructure - 50ktpd Mill, Grid Power, Tailings Storage Facility, Camp Facilities

Kemess Underground: Key Development Project

13 (1) Refer to endnote #1 (4) Refer to endnote #4

Fully operational surface infrastructure

Positive Feasibility Study completed

Permitting: Phase 2 of 3 phase process

Significant new exploration discovery

Kemess East: Significant New Discovery

14

KEMESS EAST Section A

Looking North

Expanded 2015 Exploration Program ($5 to $10M)

Initial Kemess East Resource of 5.5 Million Gold Equivalent Ounces(4)

Reserves and Resources of 10.6 Million Gold Equivalent Ounces at Kemess Property (4) Refer to endnote #4

Lynn Lake – High Grade Open Pit Project

15

Project Overview(7)

Mine Type Open Pit

Au Grade (g/t) 2.2

Au M&I (Moz) 1.50

Avg. LOM Annual Mill Prod. (koz) 145

Avg. LOM Cash Costs (C$oz) $530

Initial Capex (C$M) $185


NPV(5%) (C$M) $257

Optimized PEA

Assumptions (US$) $1,100 Au / $18 Ag

Source: Carlisle Goldfields Company Reports

Strategic Low-Risk Opportunity in Early-Stage, Highly Prospective Lynn Lake Mining District

Significant new value creating opportunity following inexpensive C$10M upfront investment (2014)

AuRico is the operator and has controlling representation on management committee

60% ownership interest by funding up to C$20M over 3 years and delivering a feasibility study

(7) Refer to endnote #7

0

50,000

100,000

150,000

200,000

250,000

1 2 3 4 5 6 7 8 9 10 11 12

Gold

ounces p

er

year

Life of Mine (years)

Annual Life of Mine Production(x)

One of the highest grade open pit deposits in Canada with significant exploration potential

Existing infrastructure in place, low power rates of C$0.027/kwh

Commenced Feasibility Study with Young-Davidson project team as lead

Significant 2015 resource delineation & extension drilling program ($5M to $10M)

Lynn Lake – High Grade Open Pit Project(7)

16

This transaction provides a low-risk opportunity to

gain access to an early-stage, highly prospective

land package for a minimal upfront cash

commitment;

We have structured the deal as an earn-in, which

provides us with a great deal of flexibility and

protects our current cash position;

Under the joint-venture agreement, AuRico will be

the operator and have controlling representation

on the management committee;

Lynn Lake is a highly prospective, past-producing

gold camp consisting of five high-grade deposits

with existing infrastructure in place and significant

exploration potential yet to be realized;

We believe Lynn Lake offers meaningful long-

term value at an attractive price which we can

develop and grow over time;

Source: Carlisle Goldfields Company Reports

North American Portfolio of Quality Assets

Producing Assets in Top Mining Jurisdictions

Feasibility: Kemess Provides Significant Option Value

Pre-Feasibility: Lynn Lake JV (25%) - a Strategic Low-Risk Opportunity

Low cost assets with an organic growth profile and free cash flow stream

Young-Davidson: One of Canada’s largest underground gold mines

El Chanate: Consistent, low cost open pit mine in Mexico

Kemess: Advanced development project in B.C.

Kemess Reserve and Resource Inventory: 10.6M Aue oz.

Permitting: Kemess Underground in Phase 2 of 3 Phases

Advanced high-grade open pit gold

mine development project

Advanced high-grade open pit gold mine in Manitoba

60% ownership by delivering a Feasibility Study

Commenced Feasibility Study

Significant new value creating opportunity

17

Balanced Portfolio: Built for Success

18

(0.60)

(0.50)

(0.40)

(0.30)

(0.20)

(0.10)

0.00

0.10

0.20

0.30

0.40


Per

Share

0.00

0.10

0.20

0.30

0.40

0.50

0.60


Per

Share

Growing Operating Cash Flows* Growing Production Profile*(5)

Consensus Illustrative Dividend Yield* (6) Growing Free Cash Flows*

* Source: FactSet consensus data. (5) Refer to endnote #5 (6) Refer to endnote #6

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

FY 14 FY 15E FY 16E FY 17E

Gold

Ounces (

5)

FY 15E FY 16E FY 17E FY 18E

Appendix

Endnotes

20

All amounts are in US dollars unless otherwise indicated

1. Cash Costs per Gold Ounce and All-In Sustaining Costs (“AISC”) Per Gold Ounce are Non-GAAP measures that do not have any standardized

meaning prescribed by International Financial Reporting Standards (“IFRS” or “GAAP”), and that should not be considered in isolation from or as a

substitute for performance measures prepared in accordance with GAAP. See the Non-GAAP Measures section on page 22 of the Management's

Discussion and Analysis for the year ended December 31, 2014 available on the Company website at www.auricogold.com. 2014 fourth quarter and

annual cash costs are prior to inventory net realizable adjustments and reversals.

2. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, net of by-product revenues and net realizable

value adjustments and reversals. Prior to 2014, gold ounces include ounces sold at the El Chanate mine and ounces produced at the Young-

Davidson mine. Commencing in 2014 cash costs for both the Young-Davidson and El Chanate mines were calculated based on ounces sold. Prior to

commissioning the underground mine at Young-Davidson, cash costs were calculated on ounces produced from the open pit only. All underground

costs were capitalized, and any revenue related to underground ounces sold was credited against capital expenditures. Subsequent to the

declaration of commercial production in the underground mine, cash costs are calculated on ounces produced from both the open pit and

underground mines, and revenue related to the sale of underground ounces is recognized in the Company’s Statement of Operations as revenue.

3. For more information regarding AuRico Gold’s 2014 operational estimates, including production, costs, and capital investments, please refer to the

press releases dated February 19, 2015 titled AuRico Gold Announces 2015 Operational Outlook, which are available on the Company website at

www.auricogold.com.

4. Reserves and resources for Young-Davidson and El Chanate mines, and Orion represent gold grade as per technical reports and Company

disclosure. For more information regarding AuRico Gold’s Mineral Reserves and Resources as at December 31, 2014, please refer to the press

release dated February 19, 2015 titled AuRico Reports 2014 Reserve & Resource Update available on the Company website at www.auricogold.com.

Measured and indicated resources excludes inferred resources. For more information on the Kemess Feasibility Study, please refer to the press

release dated March 25, 2013 titled AuRico Reports 2012 Reserve & Resource Update and Kemess Feasibility Study Results. For more information

regarding drilling results from the Kemess East discovery refer to the press release issued December 15, 2014 titled AuRico Gold Announces a New

Gold-Copper Porphyry Discovery at the Kemess Project; Initial Resource Estimate Expected in Early 2015. For more information on the initial

resource for Kemess East refer to the press release issued January 21, 2015 titled AuRico Gold Announces Initial Resource of 5.5 Million Gold

Equivalent Ounces at Kemess East; Reserves and Resources of 10.6 Million gold equivalent ounces at Kemess Property.

5. Production figures include gold ounces only. 2012 and 2013 production at the Young-Davidson mine includes pre-production ounces, which include

ounces produced prior to the declaration of commercial production on September 1, 2012, and the declaration of commercial production in the

underground mine on October 31, 2013.

6. The illustrative yield assumes the share price as of January 20, 2015. Consensus data is as of January 20, 2015. 2014 to 2017 per share numbers

are based on the number of shares outstanding as of December 2014. For more information regarding AuRico Gold’s dividend policy, please refer to

the press release dated November 6, 2014, available on the Company website at www.auricogold.com.

7. For more information regarding the Lynn Lake District, please refer to the press release issued by Carlisle Goldfields dated February 27, 2014 titled

Carlisle Announces Optimized PEA of the Farley and MacLellan deposits at Lynn Lake returns Post-Tax IRR of 26.3% at US$1100 gold price.

http://www.auricogold.com/

2015 Operational Estimates

Gold Production (ounces) Low High

Young-Davidson 160,000 180,000

El Chanate 65,000 75,000

Total Production 225,000 255,000

Cash Costs per Ounce

Young-Davidson

Underground Mine $600 $700

Historical Open Pit Stockpile Inventory (see note below) $1,100 $1,200

Young-Davidson Total $675 $775

El Chanate $675 $775

Total Cash Costs per Ounce $675 $775

Note: For cash flow purposes, cost to process historical open pit stockpile inventory is approx. $800 per ounce

All-in Sustaining Costs per Ounce

Young-Davidson $950 $1,050

El Chanate $950 $1,050

Total All-in Sustaining Costs per Ounce2,3 $1,000 $1,100

Capital Investment Program ($000s)

Young-Davidson

Growth Capital $40,000 $45,000

Sustaining Capital $45,000 $50,000

Total Capital Investment – Young-Davidson $85,000 $95,000

El Chanate

Sustaining Capital $17,500 $20,000

Total Capital Investment – El Chanate $17,500 $20,000

Total Capital Investment $102,500 $115,000

Exploration Drilling Programs ($000s)

Kemess Development Project $5,000 $10,000

Lynn Lake Development Project $5,000 $10,000

Mexico Properties $2,000 $3,000

General and Administrative ($000s)4

Corporate G&A $15,000

Crocodile Gold Royalty Asset

Upfront Cash Receipt (January 2015) $17,000

Annual NSR Revenue Estimates (Payable in Quarterly Instalments) $2,500

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2017

Young-Davidson Gold Mine

Operation at Full Capacity

Significant Free Cash Flow Profile

El Chanate Gold Mine

Consistent Production

Exploration Drilling Program

Kemess Development Project

Construction Decision

Kemess East Feasibility Advancement

Lynn Lake Development Project

Exploration Drilling Program Updates

Feasibility Published

Expected Receipt of Permits

Construction Decision

2016


Production Ramp up to 8,000tpd

Growing Free Cash Flow





Expected Receipt of Permits

Kemess East Feasibility



Feasibility Advancement

Permitting Advancement

2015


Production Ramp up to 6,000tpd

Growing Free Cash Flow





Initial Resource Estimate at Kemess East

Permitting Advancement

Expanded Exploration Drilling Program



Resource Extension & Delineation Program

Feasibility Program Advancement

AuRico: Value Creation Business Plan Significant Value

Opportunities In

Advanced Project

Pipeline Feasibility

Study Valuation Catalysts

22

Cash Flow Linked Dividend Policy

23

Consensus Illustrative Yield* (6)

(6) Refer to endnote #6 * Source: FactSet consensus data.

20% of Operating Cash Flow beginning in 2014

• Distributed approx. $42 million in dividends since inception

• Encourages financial discipline

• Linked to changes in business profitability

• Leveraged to gold price

Includes a Dividend Reinvestment Plan (“DRIP”)

1.7%

2.7%

3.2% 3.2%

FY 15E FY 16E FY 17E FY 18E

Industry

Experience Background

17 years

• Appointed President and Chief Executive Officer in July 2012

• Joined AuRico in February 2008 as Chief Financial Officer

• Former Chief Financial Officer at Highland Gold Mining

• Held senior roles with Barrick in the United States, Australia,

Russia and Central Asia

21 years

• Appointed Chief Financial Officer in January 2013

• Former Vice President of Finance, Operations and Projects for

Kinross Gold since 2009

• Former Chief Financial Officer for Baffinland Iron Mines from

2006 to 2009

• Held increasingly senior positions with Barrick from 1998 to 2006

30 years

• Joined the AuRico team through the Northgate transaction,

where he was Chief Operating Officer for eight years

• Prior to joining Northgate, Mr. MacPhail held increasingly senior

roles at Noranda, Teck, Homestake and Barrick

SCOTT PERRY

President and CEO

ROBERT CHAUSSE Executive Vice President

and CFO

PETER MACPHAIL Executive Vice President

and COO

Executive Management

24

Institution Name Shares (AUQ_TSE) % S/O (AUQ_TSE) Dominant Style City

Van Eck Associates Corporation 46,572,361 18.66 Growth New York

Donald Smith & Company, Inc. 23,498,445 9.42 Value New York

USAA Asset Management Company 7,272,057 2.91 Specialty San Antonio

Wellington Management Company, LLP 6,940,986 2.78 Value Boston

River Road Asset Management, LLC 6,665,084 2.67 Value Louisville

Gabelli Funds, LLC 6,332,000 2.54 Value Rye

The Boston Company Asset Management, LLC 4,930,028 1.98 Value Boston

The Dreyfus Corporation 4,817,973 1.93 Value New York

Columbia Management Investment Advisers, LLC 4,547,547 1.82 Value Boston

Geologic Resource Partners, LLC 3,910,114 1.57 Alternative Boston

OppenheimerFunds, Inc 3,320,000 1.33 Growth New York

I.G. Investment Management, LTD (Canada) 3,266,219 1.31 Growth Winnipeg

Artisan Partners, L.P. 3,030,037 1.21 Growth Milwaukee

PSP Investments 2,934,241 1.18 Value Montreal

Global X Management Company, LLC 2,734,847 1.10 Index New York

Commerzbank Corporates & Markets (Germany) AG 2,089,830 0.84 Broker Frankfurt

The Vanguard Group, Inc. 2,088,420 0.84 Index Malvern

Norges Bank Investment Management (Norway) 2,051,646 0.82 Value Oslo

J.P. Morgan Securities, LLC (Broker) 1,807,216 0.72 Broker New York

Fiera Capital Corporation (Asset Management) 1,739,089 0.70 Value Montreal

BlackRock Asset Management Canada, LTD 1,690,558 0.68 Index Toronto

CPP Investment Board 1,621,812 0.65 Growth Toronto

Wells Capital Management, Inc. 1,572,618 0.63 Aggressive Growth San Francisco

Eagle Boston Investment Management, Inc. 1,568,780 0.63 Value Boston

Deutsche Bank Trust Company Americas 1,562,637 0.63 Value New York

Source: Ipreo (Feb. 17, 2015)

AuRico Institutional Shareholders

25

Mineral Reserve Estimates - Gold

Category Tonnes (000's) Grade (g/t) Ounces (000's)

Young-Davidson

Surface

Proven 2,501 0.76 61

Probable - - -

P&P 2,501 0.76 61

Underground

Proven 12,499 2.83 1,137

Probable 30,274 2.70 2,626

P&P 42,773 2.74 3,763

Total Young-Davidson P&P 45,273 2.63 3,823

El Chanate

Proven 18,255 0.80 472

Probable 8,958 0.60 174

Total El Chanate P&P 27,213 0.74 646

Kemess Underground

Proven - - -

Probable 100,373 0.56 1,805

Total Kemess P&P 100,373 0.56 1,805

AuRico Total P&P 172,860 1.13 6,274

2014 Mineral Reserve Estimates - Gold

26

Note: Mineral Resources are in addition to Mineral Reserves

2014 Mineral Resource Estimates - Gold

27

Mineral Resource Estimates - Gold Category Tonnes (000's) Grade (g/t) Ounces (000's)

Young-Davidson

Surface

Measured 496 1.13 18

Indicated 1,242 1.28 51

M&I 1,739 1.24 69

Underground

Measured 7,855 3.28 829

Indicated 6,090 3.07 601

M&I 13,946 3.19 1,430

Total Young-Davidson M&I 15,684 2.97 1,499

Surface Inferred 31 0.99 1

Underground Inferred 3,608 2.76 320

Total Young-Davidson Inferred 3,639 2.75 321

El Chanate

Measured 923 0.58 17

Indicated 1,842 0.87 52

Total El Chanate M&I 2,764 0.77 69

Inferred 184 0.38 2

Kemess Underground

Measured - - -

Indicated 65,432 0.41 854

Total Kemess Underground M&I 65,432 0.41 854

Inferred 9,969 0.39 125

Kemess East

Measured - - -

Indicated 55,864 0.52 939

Total Kemess East M&I 55,864 0.52 939

Inferred 117,152 0.38 1,424

Lynn Lake (25%)

MacLellan

Measured 3,753 1.99 240

Indicated 4,344 1.75 244

M&I 8,096 1.86 484

Inferred 475 2.01 31

Farley Lake

Measured - - -

Indicated 1,479 3.21 153

M&I 1,479 3.21 153

Inferred 1,091 2.87 101

Burnt Timber

Measured - - -

Indicated 255 1.40 11

M&I 255 1.40 11

Inferred 5,860 1.04 195

Linkwood

Measured - - -


M&I 246 1.16 9

Inferred 5,251 1.16 196

Total Lynn Lake M&I 10,076 2.03 657

Inferred 12,676 1.28 522

Orion (50%)

Measured - - -


Total Orion M&I 554 3.65 65

Inferred 91 3.33 10

AuRico Total M&I 150,373 0.84 4,083

Inferred 143,711 0.52 2,404

Mineral Reserve and Resource Estimates – Copper and Silver

Grade Contained Metal

Category Tonnes (000’s) Ag (g/t) Cu (%) Ag (000’s) oz Cu (000’s) lbs

Kemess

Underground

Probable Reserves 100,373 2.0 0.28 6,608 619,151

Indicated Resources 65,432 1.8 0.24 3,811 346,546

Inferred Resources 9,969 1.6 0.21 503 46,101

Kemess

East

Indicated Resources 55,864 2.0 0.41 3,601 503,663

Inferred Resources 117,152 1.8 0.34 6,739 871,407

Orion (50%) Indicated Resources 554 309 - 5,503 -

Inferred Resources 91 95 - 275 -

2014 Mineral Resource Estimates – Copper and Silver

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Note: Mineral Resources are in addition to Mineral Reserves

Notes to Reserves and Resources

Notes to Mineral Reserve and Resource tables:

• Mineral Reserves and Resources have been stated as at December 31, 2014.

• Mineral Resources are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic

viability.

• El Chanate and Young-Davidson assumed a gold price of $1,250 per ounce for reserves and $1,450 per ounce for resources.

• Kemess Underground assumed a gold price of $1,300 per ounce, a silver price of $23.00 per ounce for silver, and a copper price of $3.00 per

pound for reserves. Kemess Underground assumed a $13.00 NSR cutoff for resources. Kemess East assumed a $15.00 NSR cutoff for

resources.

• Lynn Lake assumed a gold price of $1,555 per ounce for resources.

• Orion assumed a gold price of $850 per ounce and a silver price of $13.00 per ounce for resources.

• Mineral Reserves assume the following cutoff grades and process recoveries:

• Young-Davidson – Surface: 0.50 gpt cutoff, 91% mill recovery

• Young-Davidson – Underground: 1.90 gpt cutoff, 91% mill recovery

• El Chanate: 0.15 gpt cutoff, 30%-65% leach recovery

• Kemess Underground: $15 NSR cutoff, mill recovery of 72% for gold and 91% for copper

• Mineral Resources and Mineral Reserves have been classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum

(“CIM”) “CIM Definition Standards – For Mineral Resources and Mineral Reserves” adopted by the CIM Council in accordance with the

requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), as is 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 resource

information contained herein is not comparable to similar information regarding mineral reserves 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’s Mineral

Resources constitute or will be converted into Reserves.

• Orion Mineral Resources are reflected on a 50% basis. Following the completion of a joint venture agreement, Minera Frisco, S.A.B. de C.V.

has a 50% interest in the Orion project.

• Lynn Lake Mineral Resources are reflected on a 25% basis. AuRico acquired a 25% interest in the Lynn Lake properties in November 2014.

• Mineral Reserve and Resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not

add due to rounding.

• The Company’s normal data verification procedures have been used in collecting, compiling, interpreting and processing the data used to

estimate mineral reserves and mineral resources and data underlying the information, opinion and outlook contained herein. Independent data

verification has not been performed.

• Mineral Resources were prepared under the supervision and review of Jeffrey Volk, CPG, FAusIMM, the Director of Reserves and Resources,

for AuRico Gold Inc. Mineral Reserves were prepared under the supervision and review of Chris Bostwick, FAusIMM, the Senior Vice President

Technical Services, for AuRico Gold Inc. Both Messrs Volk and Bostwick are “Qualified Persons” as defined by National Instrument 43-101.

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BMO Capital Markets 24th Global Metals & Mining Conference Presentation

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