Alacer Gold Announces Release Date for Copler Sulfide Project Update and First Quarter 2016 Operational and Financial Results...
05 May 2016 - 9:00PM
Alacer Gold Corp. (
“Alacer” or
the
“Corporation”) (TSX:ASR) and (ASX:AQG)
plans to release a Sulfide Project Update and its first quarter
2016 financial statements and the related management’s discussion
and analysis on Thursday, May 12, 2016 (North America) and Friday,
May 13, 2016 (Australia).
Rod Antal, Alacer’s President and Chief
Executive Officer will host a conference call on Thursday,
May 12, 2016 at 5:00 p.m. (North America Eastern Daylight Time) and
Friday, May 13, 2016 at 7:00 a.m. (Australian Eastern Standard
Time).
You may listen to the call via webcast at
http://services.choruscall.ca/links/alacer20160512.html. The
conference call presentation will also be available at the link
provided prior to the call commencing.
You may participate in the conference call by
dialing:
1-800-319-4610 |
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for U.S. and Canada |
1-800-423-528 |
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for Australia |
800-930-470 |
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for Hong Kong |
800-101-2425 |
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for Singapore |
0808-101-2791 |
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for United Kingdom |
1-604-638-5340 |
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for International |
“Alacer Gold Call” |
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Conference ID |
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If you are unable to participate in the call, a
webcast will be archived until August 12, 2016 and a recording of
the call will be available on Alacer’s website at
www.AlacerGold.com or through replay until Thursday, June 23, 2016
by using passcode 00485# and calling:
1-855-669-9658 |
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for U.S. and Canada |
1-800-984-354 |
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for Australia |
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The corresponding financial statements,
management’s discussion and analysis, press release, and
presentation will be posted on Alacer’s website and on
www.SEDAR.com.
About Alacer
Alacer is a low-cost, intermediate gold mining
company, with an 80% interest in the world-class Çöpler Gold Mine
in Turkey operated by Anagold Madencilik Sanayi ve Ticaret A.S.
(“Anagold”) and 20% owned by Lidya Madencilik Sanayi ve Ticaret
A.S. (“Lidya Mining”). The Corporation’s primary focus is to
leverage its cornerstone Çöpler Mine and strong balance sheet to
maximize portfolio value, maximize free cash flow, minimize project
risk and, therefore, create maximum value for shareholders.
Alacer is actively pursuing initiatives to
enhance value beyond the current mine plan:
- Çöpler Oxide Production Optimization – expansion of the
existing heap leach pad to 58 million tonnes continues to advance.
All required land use permits for the HLP4 expansion have been
received. The Company continues to evaluate opportunities to
optimize and extend oxide production beyond the current reserves,
including a new heap leach pad site to the west of the Çöpler
Mine.
- Çöpler Sulfide Project – the Sulfide Project will deliver
long-term growth with robust financial returns and adds 22 years of
production at Çöpler. The Sulfide Project will bring Çöpler’s
remaining Life-of-Mine gold production to 3.7 million ounces at
All-in Sustaining Costs averaging $6371 per ounce. The
Environmental Impact Assessment and all required land use permits
have been approved. Final Board of Directors’ approval is required
to advance the Sulfide Project construction. The Company
continues detailed engineering and procurement of long-lead time
items and a comprehensive Project update will be made in
May.
- The Company continues to pursue opportunities to further expand
its current operating base and to become a sustainable multi-mine
producer with a focus on Turkey. The systematic and focused
exploration efforts in the Çöpler District to locate additional
oxide deposits, as well as in other regions of Turkey are
progressing. The prospects of particular focus in the Çöpler
District are around Yakuplu and Bayramdere, which are shallow,
oxide targets with favorable metallurgy and have the potential for
rapid development. In the region, evaluation work is advancing and
an update on the Dursunbey Project in western Turkey will be
provided in Q3 2016.
Alacer is a Canadian company incorporated in the
Yukon Territory with its primary listing on the Toronto Stock
Exchange. The Company also has a secondary listing on the
Australian Securities Exchange where CDIs trade.
1 All-in Sustaining Costs is a non-IFRS financial performance
measure and has no standardized definitions under IFRS. For further
information and detailed reconciliation, please see the “Non-IFRS
Measures” section of the MD&A for the year ended December 31,
2015.
For further information on Alacer Gold Corp., please contact:
Lisa Maestas – Director, Investor Relations at +1-303-292-1299
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