Alacer Gold reportable its latest quarterly monetary results as a way throw, lower value gold producer.
Its recent strategic review is behind it, with high value Australian mines currently oversubscribed off. Its debt gone. Its money stores sit well at $222 million. Its production prices, totally enthusiastic about the 80-percent Copler gold mine, currently show the result of its exercise in taking off high value assets. All-in money prices were $701 for the quarter; Alacer said, on ascribable production of 64,847 oz gold, so role player in $28.3 million, in adjusted web profits.
Alacer’s attention currently squarely on Turkish operations. That was evident in its discussion of mining and exploration plans in quarterly releases. Whereas it mines Çöpler oxides – with a mine arrange outlined through 2017 – it describes determination to stipulate chemical compound process choices this year for Çöpler’s sulfides. In these, it holds some half-dozen million ounces gold in measured and indicated resources.
Meantime Alacer says it will seek for additional oxides close to Çöpler and bring back some focus to its Cevizlidere copper-gold deposit, concerning 50 kilometers to the southeast. “Alacer Gold is going to re-commence drilling at Civzlidere following a hiatus of many years throughout that the priority was to drill out the Çöpler gold deposit,” Alacer writes in its Management Discussion & Analysis for the third quarter.