Thursday, June 13, 2019

Alacer Gold Corp. - ASR.t

Alacer Gold Corp. - ASR.t flagship is the 80%-owned Çöpler Gold Mine in Turkey which commenced commercial gold production in April 2011.

2019 Production Guidance is 320,000 – 380,000 ozs at AISC of $675 to $725/oz

On June 13, 2019 the company released News

Commercial production has been achieved at Alacer Gold Corp.'s Copler sulphide plant, effective May 31, 2019. In declaring commercial production, the company evaluated several measures including throughput, gold recovery rate, production, costs and overall sulphide plant reliability. During May, the sulphide plant operated at design for the sulphide sulphur processed and averaged a throughput rate of over 80 per cent. Gold recovery was about 93 per cent, plant utilization was about 85 per cent, and over 22,000 ounces of gold were recovered with processing costs in line with expectations.