Reuters: Global Markets: Aurico Gold shares fall on lowered production forecast

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Aurico Gold shares fall on lowered production forecast Jul 17th 2012, 15:24 Tue Jul 17, 2012 11:24am EDT (Reuters) - Shares of Canadian miner AuRico Gold Inc (AUQ.TO) fell 18 percent to a 20-month low, a day after the company cut its production forecast. AuRico Gold cut its 2012 production forecast on Monday as a high turnover of skilled laborers at its Ocampo mine in northern Mexico weighed on gold and silver output. The company on Tuesday said Chief Executive René Marion resigned for health reasons and that Chief Financial Officer Scott Perry will replace him. René Marion, who was appointed CEO in October 2007, will remain with the company as a strategic adviser to the board. AuRico Gold stock, one of the top percentage losers on the Toronto Stock Exchange on Tuesday, were trading down 16 percent at $6.40. They earlier fell to C$6.33. (Reporting by Ankur Banerjee in Bangalore; Editing by Sreejiraj Eluvangal and Don Sebastian)

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