AURICO GOLD $4.64 - Toronto symbol AUQ

AURICO GOLD $4.64 (Toronto symbol AUQ; TSINetwork Rating: Speculative) (604-681-2802; www.auricogold.com; Shares outstanding: 248.0 million; Market cap: $1.2 billion; Dividend yield: 3.5%) operates the El Chanate gold mine in Mexico, which produced 71,864 ounces in 2013.

The company’s Young-Davidson gold mine in Northern Ontario reached full production in 2013, with total output of 120,738 ounces. The project’s output should rise to over 152,000 ounces this year.

In the three months ended December 31, 2013, the company’s revenue fell 19.5%, to $50.8 million from $63.1 million a year earlier. Cash flow declined to $0.07 from $0.11. Higher gold production was more than offset by lower prices.

The company’s balance sheet is strong, with cash of $142.7 million, or $0.58 a share. The stock yields a high 3.5%.

Rising output from AuRico’s two mines, plus its cash balance and high yield, give it a lot of appeal.

AuRico is a buy for aggressive investors.

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