AuRico’s royalty revenue rises to record level; ups guidance again

Canadian mining development and royalty company AuRico Metals has reported record royalty revenue of $2.8-million, an increase of 39% year-over-year, for the second quarter ended June. The company reported on Wednesday that revenue for the quarter was boosted by record gold output of 77 069 oz from the Fosterville mine, in Australia, and 47 300 oz from the Young-Davidson mine, in Ontario.