|Alacer Gold Corp. - ASR.t flagship is the 80%-owned Çöpler Gold Mine in Turkey which commenced commercial gold production in April 2011.|
During 2017, Çöpler is forecast to produce 160,000 to 180,000 ounces at Total Cash Costs of $500 to $550 per ounce.
(“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] announced today that it has filed its 2017 first quarter operating and financial results and related management’s discussion and analysis (“MD&A”). The corresponding financial statements and MD&A are available on www.AlacerGold.com and on www.SEDAR.com. All currencies referenced herein are denominated in USD unless otherwise stated.
Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Çöpler produced 33,000 ounces this quarter in line with our 2017 guidance. Receipt of the pasture permit in early April allowed us to start mining the highergrade West Pit and re-confirms our 2017 production guidance of 160,000 to 180,000 ounces. With the pasture permit in hand, we expect to produce between 35-40% of our total production in the first half of the year.