Business
Alacer achieves strongest quarterly production of the year of 103,426 attributable ounces
TORONTO, Jan. 17, 2013 /CNW/ - Alacer Gold Corp. ( "Alacer" or the "Company" ) [TSX: ASR...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Jan. 17, 2013 /CNW/ - Alacer Gold Corp. (\"Alacer\" or the \"Company\") [TSX: ASR] and [ASX: AQG] today announced fourth quarter 2012 mine production for its operations\n in Turkey and Australia. Fourth quarter 2012 financial statements and\n the related management's discussion and analysis are planned to be\n released on or about March 13, 2013 (North America) and March 14, 2013\n (Australia).\n\n\n\nFourth Quarter 2012 Highlights\n\n\n\n\n\n\nMine\n\n\n \n\n\nQ4 2012 \nGold Production\n\n\n2012 \nGold Production\n\n\n\n\nÇöpler (100%)\n\n\n(oz)\n\n\n52,137\n\n\n188,756\n\n\n\n\nHigginsville\n\n\n(oz)\n\n\n35,774\n\n\n136,687\n\n\n\n\nSKO (incl. 49% of Frog's Leg)\n\n\n(oz)\n\n\n25,942\n\n\n94,046\n\n\n\n\nTotal\n\n\n(oz)\n\n\n113,853\n\n\n419,489\n\n\n\n\nTotal (Alacer attributable1)\n\n\n(oz)\n\n\n103,426\n\n\n381,738\n\n\n\n\n\n\n\n\nAttributable gold production of 103,426 ounces achieved for the quarter and attributable gold sold totalled 95,986 ounces for the quarter.\n\n\nÇöpler gold production increased to 52,137 ounces for the quarter as the\n revised mining plan delivered more ore tonnes at an improved grade.\n\n\nHigginsville gold production increased to 35,774 ounces for the quarter\n as the head grade increased to 3.6g/t gold with the Trident underground\n mine contributing 243,516 tonnes at 4.2g/t gold.\n\n\nSouth Kalgoorlie Operations (\"SKO\") continued to perform as planned with\n 25,942 ounces produced during the quarter. The Triumph open pit was\n completed during the quarter\n\n\n\nDavid Quinlivan, President and CEO of Alacer, stated \"Our mines had a strong finish to 2012 with our attributable gold\n production increasing to 103,426 ounces for Q4 2012, a 12,475 ounces\n (14%) increase over the previous quarter. Despite a challenging start\n to the year, the strong fourth quarter enabled the Company to\n substantially meet full-year production guidance on an aggregate\n basis.\"\n\n\nThe Company is in the process of finalizing its gold production and cost\n guidance for 2013, including its strategic plan for the business.  The\n Company expects to make an announcement concerning these key matters in\n February 2013, which will include an update regarding the Company's\n Çöpler Sulfide Feasibility Study and the possibility of constructing an\n oxide ...