Business
Alacer announces attributable gold production of 90,951 ounces for third quarter 2012 & on track to meet 2012 guidance
TORONTO, Oct. 23, 2012 /CNW/ - Alacer Gold Corp. ( "Alacer" or the "Company" ) [TSX: A...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 23, 2012 /CNW/ - Alacer Gold Corp. (\"Alacer\" or the \"Company\") [TSX: ASR] and [ASX: AQG] is pleased to announce third quarter 2012 mine production for its\n operations in Turkey and Australia. Third quarter 2012 financial\n statements and the related management's discussion and analysis are\n planned to be released on November 14, 2012 (North America) and\n November 15, 2012 (Australia).\n\n\nThird Quarter 2012 Highlights \n\n\n\n\n\nGold Production\n\n\n \n\n\nQ3 2011\n\n\nQ4 2011\n\n\nQ1 2012\n\n\nQ2 2012\n\n\nQ3 2012\n\n\nQ3 vs Q2 2012\n\n\nÇöpler (100%)\n\n\n(oz)\n\n\n53,200\n\n\n57,800\n\n\n44,564\n\n\n51,212\n\n\n40,843\n\n\n-20%\n\n\nHigginsville\n\n\n(oz)\n\n\n35,018\n\n\n34,263\n\n\n33,329\n\n\n35,227\n\n\n32,357\n\n\n-8%\n\n\nSKO (incl. 49% of Frogs Leg)\n\n\n(oz)\n\n\n24,462\n\n\n21,798\n\n\n22,397\n\n\n19,787\n\n\n25,920\n\n\n31%\n\n\nTotal \n\n\n(oz)\n\n\n112,680\n\n\n113,861\n\n\n100,290\n\n\n106,226\n\n\n99,120\n\n\n-7%\n\n\nTotal (Alacer attributable1)\n\n\n(oz)\n\n\n110,020\n\n\n110,971\n\n\n91,377\n\n\n95,984\n\n\n90,951\n\n\n-5%\n\n\n\n\n\nAttributable gold production totalled 90,951 ounces and attributable gold sold totalled 99,355 ounces for the quarter.\n\n\nAttributable Çöpler gold production of 32,674 ounces for the quarter was\n in line with the revised mining plan to pursue more competent and\n harder rock in the Manganese and Marble Pits. Mining progressed through\n lower grade areas of Manganese and Marble Pits during the quarter with\n higher grade areas scheduled to be mined during Q4 2012.\n\n\nGold production from Higginsville of 32,357 ounces for the quarter was\n slightly lower than forecast primarily as a result of the cessation of\n mining low grade pits and lower grade ore than forecast being mined\n from the Trident underground mine.\n\n\nChalice underground mine development proceeded ahead of schedule, with\n the initial stope mined in the Atlas Lode during September 2012.\n\n\nGold production from South Kalgoorlie Operations (\"SKO\") for the quarter\n increased to 25,920 ounces, largely due to higher mined grades from\n both the Triumph open pit and the Frog's Leg underground mine.\n\n\nDavid Quinlivan, President and CEO of Alacer, stated \"Improving production performance at the Australian mines and expected\n higher grades at Ç...