UPDATE 1-AuRico Gold Q3 production jumps 68 pct
The production jumped to 45,686 ounces, of which 40,779
ounces were sold, the Mexico-focused miner said in a statement.Silver production rose 16 percent to 1.4 million ounces, of
which 1.1 million ounces were sold.Revenue for the quarter doubled to $112 million.The company in August offered to buy Northgate Minerals
for C$1.46 billion in a friendly deal that would nearly
double its output and expand its geographic reach.In July, AuRico raised its 2011 production forecast and
lowered cash cost outlook range.The Toronto-based company, which changed its name from
Gammon Gold in May, said it will end the quarter with cash
position of $145 million.Shares of Aurico closed at C$10.39 on Thursday on the
Toronto Stock Exchange.
