Q1 2015 Financial Results – May 7, 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 project; 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

Scott Perry, CEO

Corporate Highlights

Strong safety performance

► Young-Davidson: 2.3MM man hours lost time

incident free (557 days)

Ninth consecutive quarter of company-wide

production growth

► On track to achieve higher end of 2014 guidance

Young-Davidson ramp-up exceeding expectations

► Well positioned to meet high end of production

guidance

► Cash costs decreased by 17% over prior period

► On track to generate positive free cash flow by

end of 2014

• Fully funded production growth

STRONG SAFETY PERFORMANCE

› Young-Davidson: more than 2 years of incident free operations

ANOTHER QUARTER OF SOLID, LOW-COST PRODUCTION

› In-line production at low cash costs of $696/ounce (AISC $1,093/ounce)

› Young-Davidson Q2 production forecast of approximately 42,000 gold ounces

YOUNG-DAVIDSON UNDERGROUND RAMP-UP ON TRACK

› Underground productivity of 4,130 tpd (4,900tpd in April)

› Unit mining costs of $39/tonne in Q1 ($34/tonne in March)

EL CHANATE PRODUCTION RETURNS TO NORMAL LEVELS IN MARCH

› Production returned to normalized levels in March (6,373 oz.) and April (7,900 oz.)

COMPANY ANNOUNCES MERGER OF EQUALS WITH ALAMOS GOLD

› Leading new intermediate gold producer with pipeline of high-quality development projects

› C$100 million private placement significantly enhances liquidity

SPINCO WILL UNLOCK THE VALUE OF THE KEMESS PROJECT

› Diversified royalty revenues and led by a strong management team

AuRico Delivers Another Quarter of Solid Production Results

4

Young-Davidson Underground On Track Achieve 6,000tpd at Targeted Unit Mining Costs

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

Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15

Gold ounces produced 28,281 29,252 30,099 33,106 35,104 40,166 40,538 40,945 38,098

Underground cash costs per oz. - - - $663 $808 $803 $656 $656 $677

Open pit cash costs per oz. $694 $716 $666 $983 $1,350 $974 $923 $994 $1,149

Total cash costs per oz. $694 $716 $666 $850 $1,009 $871 $723 $719 $745

All-in Sustaining Costs $1,059 $1,254 $1,357 $1,270 $1,315 $1,144 $959 $912 $987

Underground mine

Tonnes mined per day 1,130 1,611 1,417 2,590 2,611 3,595 3,753 4,140 4,130

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

Development metres 1,941 2,445 2,620 2,986 3,772 3,545 3,269 3,438 3,409

Mill processing facility

Tonnes processed per day 6,466 7,017 6,747 6,969 7,163 8,230 7,670 7,757 7,186

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% 86%

Young-Davidson Quarterly Operational Results

11,950

17,825

26,36328,281 29,252 30,099

33,10635,104

40,166 40,538 40,94538,098

42,000

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

Gold

Ounces P

roduced

(5)

Young-Davidson: Growing Production

5

Open pit productivity

► Open pit productivity of 94,643 tpd

► Transitioning to higher grade benches

Heap leach productivity

► Crushed and stacked 18,476 tpd

Potential to extend mine life

► New areas of mineralization identified

along trend and below the open pit

► Fieldwork launched on the additional 15-

20 kms of land acquired northwest and

southeast of the pit

El Chanate: Consistent Production

OPEN PIT PRODUCTIVITY

› Q1 Average of 88,725 tonnes per day

RELIABLE AND CONSISTENT OPERATIONAL PERFORMANCE

› Production of 15,929 ounces at $585 per gold ounce

› Production returned to normalized levels in March (6,373 oz.) and April (7,900 oz.)

EXPLORATION POTENTIAL

› Drilling underway on the expanded land package along the El Chanate trend

Consistent Gold Production

6

Robert Chausse, CFO

Quarter Ended Quarter Ended (in thousands, except ounces, per share amounts, and average realized

price) March 31, 2015 March 31, 2014

Revenue from mining operations $65,359 $70,953

Total gold ounces sold 53,095 54,070

Total gold ounces produced 54,027 54,214

Adjusted operating cash flow(1) $16,948 $13,469

Adjusted operating cash flow per share, basic(1) $0.07 $0.05

Net loss $(35,258) $(28,891)

Net loss per share, basic $(0.14) $(0.12)

Adjusted net loss(2) $(7,641) $(7,608)

Adjusted net loss per share, basic(2) $(0.03) $(0.03)

Average realized gold price per ounce $1,216 $1,297

1. See the table on slide 14 for a reconciliation of adjusted operating cash flow and refer to the discussion of Non-GAAP measures in the Company’s Q1 2015 Financial Results Press

Release.

2. See the table on slide 9 for a reconciliation of adjusted net loss and refer to the discussion of Non-GAAP measures in the Company’s Q1 2015 Financial Results Press Release.

Highlights Highlights

8

Adjusted Net Loss Reconciliation

9

March 31, 2015 March 31, 2014

Net loss per financial statements ($35,258) ($28,891)

Adjustments:

Deferred income tax expense related to foreign exchange 26,363 4,278

Foreign exchange loss 3,878 2,430

Gain on prepayment option embedded derivative (3,749) -

Impairment charges 3,175 -

Unrealized and realized loss on investments - (5,810)

Gain on termination of retained interest royalty (5,215) -

Loss on convertible notes tender offer - 15,645

Loss on corporate restructuring - 2,716

Other (including tax effect of adjustments) 3,165 2,024

Adjusted net loss ($7,641) ($7,608)

Adjusted net loss, per share (0.03)$ (0.03)$

Quarter Ended

 (in thousands, except per share metrics)

Highlights

(in thousands, except ounces and cash costs) Young-

Davidson El Chanate Q1 2015 Q1 2014

Gold ounces produced 38,098 15,929 54,027 54,214

Gold ounces sold 36,952 16,143 53,095 54,070

Cash costs per ounce per ounce sold $745 $585 $696 $870

All-in sustaining cost per ounce sold $987 $1,043 $1,093 $1,390

Revenue from mining operations $45,182 $20,177 $65,359 $70,953

Operational Highlights

10

Appendix

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

1. The following currency assumptions were used to forecast 2015 estimates: 0.85:1 US dollar to the Canadian dollar and 14.0:1 Mexican pesos to the US dollar.

2. Company-wide all-in sustaining costs are defined as cash costs, sustaining capital, corporate G&A expense, excluding stock-based compensation and other non-cash items, 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 and other non-cash expenses. 12

(in thousands) Young-

Davidson El Chanate

Corporate

and Other Q1 2015 Q1 2014

Site infrastructure $6,418 $249 $52 $6,719 $17,975

Underground development 14,919 - - 14,919 27,860

Capital stripping - 6,785 - 6,785 6,089

Capitalized borrowing costs 2,001 - 1,055 3,056 553

Exploration 500 176 3,016 3,692 3,135

Total capital expenditures $23,838 $7,210 $4,123 $35,171 $55,612

Capital Expenditures

13

Adjusted Operating Cash Flow

14

March 31, 2015 March 31, 2014

Operating cash flow per financial statements $14,032 $24,491

Add back: Non-cash change in operating working capital 2,916 (11,022)

Operating cash flow (before changes in working capital) 16,948$ $13,469

Operating cash flow (before changes in working capital), per share 0.07$ 0.05$

 (in thousands, except per share metrics)

Quarter Ended