Aurico has increased its reserves over 200% while lowering its costs 7%. Right now their Proven & Probable reserves are at 8.2 million ounces, with Y-D having 3.2 million of that figure. The purchase price of Northagte Minerals, for the purpose of acquiring theY-D mine and the 2 mines in Australia which yesterday were sold to Crocodile Gold, work out to a cash cost of only $175/oz of gold reserves at Y-D. They seem very excited with the Young_davidson acquisition and have a aggresive production plan to ramp production up to eventually 10,000 tpd. by 2013-14. Young-Davidson will become only the 6th mine in Canada to produce over 5 million ounces of gold during its mine life.

I would recommend reading the earnings report/webcast when the link is available.

koala