Q3 2014

Financial Results

Conference Call and Webcast

November 7, 2014

TSX: AUQ / NYSE: AUQ

www.auricogold.com

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking statements and forward-looking information as defined under Canadian and U.S. securities laws. All statements,

other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast",

"budget" and similar expressions identify forward-looking statements. Forward-looking statements include information as to strategy, plans or future financial or

operating performance, such as the Company’s expansion plans, project timelines, production plans, projected cash flows or capital expenditures, expected

production levels and our ability to meet or exceed guidance, levels of free cash flow, unit mining costs, expected mine life, cost estimates, projected

exploration results, reserve and resource estimates and other statements that express management’s expectations or estimates of future performance.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently

subject to significant uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the

forward-looking statements, including: uncertainty of production and cost estimates; fluctuations in the price of gold and foreign exchange rates; the uncertainty

of replacing depleted reserves; the risk that the Young-Davidson shaft will not perform as planned; the risk that mining operations do not meet expectations; the

risk that projects will not be developed accordingly to budgets or timelines, changes in laws in Canada, Mexico and other jurisdictions in which the Company

may carry on business; risks of obtaining necessary licenses, permits or approvals for operations or projects such as Kemess; disputes over title to properties;

the speculative nature of mineral exploration and development; risks related to aboriginal title claims; compliance risks with respect to current and future

environmental regulations; disruptions affecting operations; opportunities that may be pursued by the Company; employee relations; availability and costs of

mining inputs and labor; the ability to secure capital to execute business plans; volatility of the Company’s share price; continuation of the dividend and dividend

reinvestment plan; the effect of future financings; litigation; risk of loss due to sabotage and civil disturbances; the values of assets and liabilities based on

projected future cash flows; risks arising from derivative instruments or the absence of hedging; adequacy of internal control over financial reporting; changes in

credit rating; and the impact of inflation.

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

herein. Such statements are based on a number of assumptions which may prove to be incorrect, including assumptions about: business and economic

conditions; commodity prices and the price of key inputs such as labour, fuel and electricity; credit market conditions and conditions in financial markets

generally; revenue and cash flow estimates, production levels, development schedules and the associated costs; ability to procure equipment and supplies and

on a timely basis; the timing of the receipt of permits and other approvals for projects and operations; the ability to attract and retain skilled employees and

contractors for the operations; the accuracy of reserve and resource estimates; the impact of changes in currency exchange rates on costs and results; interest

rates; taxation; and ongoing relations with employees and business partners. 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

President & CEO

Corporate Update

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

4

Ninth Quarter of Record Gold Production

37,213 41,145

46,170 48,003 48,903 49,526

54,214 56,198 57,037

10,000

20,000

30,000

40,000

50,000

60,000

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

Go

ld O

un

ces P

rod

uc

ed

Record Quarter-Over-Quarter Company-Wide Production Growth

Young-Davidson Quarterly Operational Results Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14

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

Underground cash costs per gold ounce - - - $663 $808 $803 $656

Open pit cash costs per gold ounce $694 $716 $666 $983 $1,350 $974 $923

Total cash costs per gold ounce $694 $716 $666 $850 $1,009 $871 $723

Underground mine

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

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

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

Mill processing facility

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

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

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

5

Young-Davidson Productivity Update

Underground mine productivity

► Q3 underground productivity of approx. 3,752 tpd

► 94% of year-end productivity target of 4,000 tpd

Decreasing underground unit mining costs

► $41/t, target of $40/t by end of year

► Unit costs will decrease with increased underground

productivity

Mill facility exceeding expectations

► Daily run-rate increased to 8,000 tpd

► Recoveries improved to sustainable 90%

Lower mine vertical development underway

► MCM shaft sinking 10 weeks ahead of schedule

► Lower mine provides access to 20 years of strategic

mine life 6

El Chanate Update

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

67,092 71,145 71,864

2011 2012 2013

Annual Production Profile

7

Rob Chausse

Chief Financial Officer

Quarter Ended Quarter Ended

(in thousands, except ounces, per share amounts, and average realized price) September 30, 2014 September 30, 2013

Revenue from mining operations $73,505 $54,304

Total gold ounces sold (excluding pre-production ounces) 56,970 40,185

Total gold ounces produced (excluding pre-production ounces) 57,037 38,456

Adjusted operating cash flow(1) $20,615 $21,758

Adjusted operating cash flow per share, basic(1) $0.08 $0.09

Net (loss) / earnings $(15,722) $14,859

Net (loss) / earnings per share, basic $(0.06) $0.06

Adjusted net (loss) / earnings(2) $(5,585) $816

Adjusted net (loss) / earnings per share, basic(2) $(0.02) $0.00

Average realized price per ounce $1,280 $1,332

1. See the table on slide 13 for a reconciliation of adjusted operating cash flow and refer to the discussion of Non-GAAP measures in the Company’s Q3 2014 Financial Results Press

Release.

2. See the table on slide 11 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q3 2014 Financial Results Press Release.

Highlights

9

Adjusted Net Earnings Reconciliation

10

Quarter Ended Quarter Ended

September 30, 2014 September 30, 2013

Net (loss) / earnings per financial statements ($15,722) $14,859

Adjustments:

Deferred income tax expense / (recovery) related to foreign exchange 14,253 (7,335)

Foreign exchange (gain) / loss (11,230) 2,482

Net realizable value adjustments on inventory 7,097 (7,372)

Impairment charges 616 -

Gain on option component of convertible notes - (3,875)

Unrealized and realized loss on investments - 121

Loss on retained interest royalty 2,977 -

Loss on convertible notes tender offer - -

Unrealized loss on contingent consideration - 63

Unrealized gain on derivative instruments - (301)

Loss on corporate restructuring - -

Gain on transfer of litigation claim (3,177) -

Other (including tax effect of adjustments) (399) 2,174

Adjusted net (loss) / earnings ($5,585) $816

Adjusted net (loss) / earnings, per share ($0.02) $0.00

 (in thousands, except per share metrics)

Highlights

Young-Davidson El Chanate Q3 2014 Q3 2013

Gold ounces produced 40,538 16,499 57,037 38,456

Pre-production gold ounces produced - - - 10,447

Total gold ounces produced 40,538 16,499 57,037 48,903

Gold ounces sold 41,072 15,898 56,970 40,185

Pre-production gold ounces sold - - - 10,355

Total gold ounces sold 41,072 15,898 56,970 50,540

Cash costs per ounce, before NRV(1),(2),(3) $723 $663 $706 $628

Revenue from mining operations (‘000s) $52,804 $20,701 $73,505 $54,304

1. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit.

2. For the three months ended September 30, 2014, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and Young-Davidson mine. For the three

months ended September 30, 2013, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine.

3. The Young-Davidson underground mine declared commercial production on October 31, 2013. Pre-production ounces produced and sold are excluded from the calculation of cash

costs as they are credited against capitalized project costs.

11

Q&A

Adj. Operating Cash Flow Reconciliation

13

Quarter Ended Quarter Ended

September 30, 2014 September 30, 2013

Operating cash flow per financial statements $2,788 $24,338

Add back: Non-cash change in operating working capital 17,827 (2,580)

Operating cash flow (before changes in working

capital) $20,615 $21,758

Operating cash flow (before changes in working

capital), per share $0.08 $0.09

 (in thousands, except per share metrics)

Highlights

Nine Months Ended Nine Months Ended

(in thousands, except ounces, per share amounts, and average realized prices) September 30, 2014 September 30, 2013

Revenue from mining operations $219,988 $176,849

Total gold ounces sold (excluding pre-production ounces) 169,317 121,058

Total gold ounces produced (excluding pre-production ounces) 167,449 115,083

Adjusted operating cash flow(1) $46,342 $60,571

Adjusted operating cash flow per share, basic(1) $0.19 $0.24

Net loss $(61,389) $(70,358)

Net loss per share, basic $(0.25) $(0.28)

Adjusted net (loss) / earnings(2) $(28,476) $18,536

Adjusted net (loss) / earnings per share, basic(2) $(0.11) $0.07

Average realized price per ounce $1,286 $1,440

1. See the table on slide 17 for a reconciliation of adjusted operating cash flow and refer to the discussion of Non-GAAP measures in the Company’s Q3 2014 Financial Results Press

Release.

2. See the table on slide 16 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q3 2014 Financial Results Press Release.

14

Adjusted Net Earnings Reconciliation

15

Nine Months Ended Nine Months Ended

September 30, 2014 September 30, 2013

Net (loss) / earnings per financial statements ($61,389) ($70,358)

Adjustments:

Deferred income tax expense related to foreign exchange 15,601 5,218

Foreign exchange gain (9,595) (7,195)

Net realizable value adjustments on inventory 7,097 4,873

Impairment charges 616 98,688

Gain on option component of convertible notes (413) (14,850)

Unrealized and realized (gains) / losses on investments (6,589) 437

Loss on retained interest royalty 7,792 -

Loss on convertible notes tender offer 15,645 -

Unrealized loss on contingent consideration - 6,912

Unrealized gain on derivative instruments - (2,183)

Loss on corporate restructuring 2,716 -

Gain on transfer of litigation claim (3,177)

Other (including tax effect of adjustments) 3,220 (3,006)

Adjusted net (loss) / earnings ($28,476) $18,536

Adjusted net (loss) earnings, per share ($0.11) $0.07

 (in thousands, except per share metrics)

Highlights

Young-Davidson El Chanate Nine months ended

September 30, 2014

Nine months ended

September 30, 2013

Gold ounces produced 115,808 51,641 167,449 115,083

Pre-production gold ounces produced - - - 27,993

Total gold ounces produced 115,808 51,641 167,449 143,076

Gold ounces sold 119,448 49,869 169,317 121,058

Pre-production gold ounces sold - - - 28,423

Total gold ounces sold 119,448 49,869 169,317 149,481

Cash costs per ounce, before NRV(1),(2),(3) $862 $621 $791 $640

Revenue from mining operations (‘000s) $153,866 $66,122 $219,988 $176,849

1. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit.

2. For the nine months ended September 30, 2014, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and Young-Davidson mine. For the nine

months ended September 30, 2013, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and ounces produced at the Young-Davidosn mine.

3. The Young-Davidson underground mine declared commercial production on October 31, 2013. Pre-production ounces produced and sold are excluded from the calculation of cash costs

as they are credited against capitalized project costs.

16

Adj. Operating Cash Flow Reconciliation

17

Nine Months Ended Nine Months Ended

September 30, 2014 September 30, 2013

Operating cash flow per financial statements $31,928 $51,312

Add back: Non-cash change in operating working capital 14,414 9,259

Operating cash flow (before changes in working

capital) $46,342 $60,571

Operating cash flow (before changes in working

capital), per share $0.19 $0.24

 (in thousands, except per share metrics)