Business
Alacer Gold Chief Financial Officer To Depart
TORONTO, Aug. 11, 2011 /CNW/ - Alacer Gold Corp ( "Alacer" or the "Corporation" ) [TSX: ...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 11, 2011 /CNW/ - Alacer Gold Corp (\"Alacer\" or the \"Corporation\") [TSX: ASR and ASX: AQG] announces that as part of its finance department relocation, its Chief\n Financial Officer, Douglas Tobler, will depart by December 31, 2011.\n Mr. Tobler will continue in his present capacity for the balance of\n 2011 or until transition is completed to a new CFO. Alacer has\n commenced a search for a replacement.\n\n\nMr. Edward Dowling, CEO of Alacer stated, \"As part of the ongoing\n evolution of Alacer Gold, the company has made the decision to\n transition the finance group from Denver to the Perth office to\n facilitate better support of the operations group currently based in\n Perth.  Doug Tobler is assisting the functional relocation, but elected\n to leave the company post transition. Doug joined us in 2004 as CFO and\n has contributed exceptional value over the years to the growth and\n evolution of Alacer. We are working closely together to ensure an\n effective transition. On behalf of the Board and shareholders, I'd like\n to thank Doug for his support and continuing advocacy of Alacer.\"\n\n\nAbout Alacer\n\n\nAlacer is a leading intermediate gold company with operations in both\n Australia and Turkey.\n\n\nAustralia\nAlacer has three operating gold mines in Australia, namely the\n Higginsville and South Kalgoorlie operations; and a 49% interest in the\n Frog's Leg underground mine. The South Kalgoorlie operations and the\n Frog's Leg interest were acquired following the successful takeover of\n Dioro Exploration NL, which was completed in March 2010. The Australian\n operations are targeting 280,000 ounces of gold in 2011.\n\n\nTurkey\nAlacer is recognized as a leader in exploration and development in\n Turkey and, with the start-up of Çöpler, will soon be among Turkey's\n leading gold producers. Çöpler is 95% owned by Alacer and 5% by Lidya\n Mining (formerly known as Çalık Mining, see Anatolia News Release,\n August 13, 2009). Initial plans at Çöpler are to produce approximately\n 1.42 million leachable ounces of gold at costs consistent with the\n lower end of industry standards. Average annual production is expected\n to be about 175,000 gold ounces. Additional production expansion from\n the sulfide gold reserve is expected to add 2.25 million...