Business
Alacer Gold announces a further 10% increase in 2013 production guidance at Çöpler
TORONTO , Dec. 5, 2013 /CNW/ - Alacer Gold Corp. ( "Alacer" ) [TSX: ASR and ASX: AQ...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\nTORONTO, Dec. 5, 2013 /CNW/ - Alacer Gold Corp. (\"Alacer\") [TSX: ASR and ASX: AQG] is pleased to announce an increase in gold production guidance for the\n Çöpler Gold Mine to 214,000 - 218,000 attributable1 ounces for 2013.\n\n\nRod Antal, Alacer's Chief Executive Officer, commented \"Çöpler achieved\n record production in the third quarter of 81,059 ounces and fourth\n quarter production remains strong. Improvements in operating\n efficiencies, including increased levels of cyanide dosing and a focus\n on quality agglomeration, have increased production beyond expectations\n resulting in higher than forecasted gold production.  This solid\n production has prompted a 10% increase in our 2013 production\n guidance.  Our guidance for cash costs and capital expenditure remains\n unchanged.\"\n\n\nMr. Antal continued, \"Çöpler's performance reinforces our strategy to\n focus on this world-class asset and the surrounding area.  Alacer has a\n large landholding in Turkey with 14 active exploration projects.  Using\n the initial positive geochemical and drill results received to date,\n Alacer is intensifying its exploration focus in Turkey with the goal of\n discovering one or more oxide ore deposits that can be brought into\n production over the next 3 to 4 years.\"\n\n\n\n\n\n\n\n2013 \nCalendar Year\n\n\nAttributable \nGold Production \n(ounces)\n\n\nCash \nOperating Costs2 \n($/oz)\n\n\nTotal \nCash Costs2 \n($/oz)\n\n\nAttributable \nCapEx \n($ millions)\n\n\n\n\nRevised Guidance\n\n\n214,000 to 218,000\n\n\nUnchanged\n\n\nUnchanged\n\n\nUnchanged\n\n\n\n\nPrevious Guidance\n\n\n192,000 to 200,000\n\n\n375 to 390\n\n\n405 to 425\n\n\n52\n\n\n\n\n\n\n\nAbout Alacer \n\n\nAlacer Gold Corp. is a leading intermediate gold mining company. \n Alacer's world-class operation is the Çöpler Gold Mine in Turkey.\n Alacer has 14 active exploration projects in Turkey which are 50%/50%\n joint ventures with our Turkish partner Lidya Mining.\n\n\nDuring 2013, Çöpler is forecast to produce 268,000 to 272,000 ounces at\n Total Cash Cost of less than $425 per ounce. Çöpler is an epithermal\n gold deposit with oxide ore currently being processed in a conventional\n crush, agglomeration, heap-leach and gold recovery circuit.\n\n\nThe Çöpler Gold M...