Business
Alacer Gold Announces First Quarter 2020 Operating and Financial Results With Earnings Per Share of $0.16
Alacer Gold Announces First Quarter 2020 Operating and Financial Results With Earnings Per...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nAlacer Gold Announces First Quarter 2020 Operating and Financial Results With Earnings Per Share of $0.16\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, April 30, 2020\n\n\n\nTORONTO, April 30, 2020 /CNW/ - Alacer Gold Corp. (\"Alacer\" or the \"Company\") [TSX: ASR and ASX: AQG] has announced today that it has filed its 2020 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, www.SEDAR.com and www.asx.com.au. All currencies referenced herein are denominated in USD unless otherwise stated.\nRod Antal, Alacer's President and Chief Executive Officer, stated, \"Our operations had a strong start to the year with consolidated production of 88,000 ounces at AISC of $700/oz, generating $47 million of unlevered free cash flow, and reducing our net debt to below $25 million at the end of the quarter. The first planned major shutdown of autoclave two was successfully completed in March and the autoclave was found to be in excellent condition. As a result, we are considering postponing the shutdown of autoclave one until later this year or early next year.\nWhile COVID-19 has presented global challenges, we started preparing early for the potential impacts to our business. As a ...