TORONTO, April 10, 2018 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) plans to release its first quarter 2018 operating results, financial statements and the related management’s discussion and analysis before the Toronto Stock Exchange opens on Tuesday, May 1, 2018 (North America).
Rod Antal, Alacer’s President and Chief Executive Officer will host a conference call on Tuesday, May 1, 2018 at 5:00 p.m. (North America Eastern Daylight Time) / Wednesday, May 2, 2018 at 7:00 a.m. (Australian Eastern Standard Time).
You may listen to the call via webcast at http://services.choruscall.ca/links/alacer20180501.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||for U.S. and Canada|
|800-930-470||for Hong Kong|
|0808-101-2791||for United Kingdom|
|“Alacer Gold Call”||Conference ID|
If you are unable to participate in the call, a webcast will be archived until August 2, 2018 and a recording of the call will be available on Alacer’s website at www.AlacerGold.com or through replay until Tuesday, June 12, 2018 by using passcode 2185# and calling:
|1-855-669-9658||for U.S. and Canada|
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.
Alacer is a leading 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 the remaining 20% owned by Lidya Madencilik Sanayi ve Ticaret A.S. (“Lidya Mining”). The Company’s primary focus is to leverage its cornerstone Çöpler Mine and strong balance sheet to maximize portfolio value and free cash flow, minimize project risk, and therefore, create maximum value for shareholders. The Çöpler Mine is in east-central Turkey in the Erzincan Province, approximately 1,100 kilometers southeast from Istanbul and 550 kilometers east from Ankara, Turkey’s capital city.
Alacer is actively pursuing initiatives to enhance value beyond the current mine plan:
- Çöpler Oxide Production Optimization – Expansion of the existing heap leach pad capacity to 58 million tonnes continues. A maiden Mineral Reserve of 176,000 ounces was released for Çakmaktepe in December 20171 and adds oxide production starting in late 2018. The Company continues to evaluate opportunities to extend oxide production beyond the current reserves, with in-pit and Çöpler District exploration and potential for a new heap leach pad site to the west of the Çöpler Mine.
- Çöpler Sulfide Expansion Project (the “Sulfide Project”) – The Sulfide Project construction is over 80% complete, under budget, and on schedule for first gold production in the third quarter 2018. The Sulfide Project is expected to deliver long-term growth with robust financial returns and adds 20 years of production at Çöpler. The Sulfide Project will bring Çöpler’s remaining life-of-mine gold production to approximately 4 million ounces at All-in Sustaining Costs averaging $645 per ounce2, 3.
- The Company continues to pursue opportunities to further expand its current operating base to become a sustainable multi-mine producer with a focus on Turkey. The systematic and focused exploration efforts in the Çöpler District, as well as in other regions of Turkey, are progressing. In December 2017, a 70% increase to the Çakmaktepe Mineral Measured and Indicated Resource estimate was released, and the resource remains open. In 2018, the Çöpler District remains the focus, with the goal of continuing to grow oxide resources to deliver production utilizing the existing Çöpler infrastructure. In the other regions of Turkey, targeted exploration work continues, and work continues on a Definitive Feasibility Study (“DFS”) for the Gediktepe Project4 and is expected to be complete later in 2018.
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 CHESS Depositary Interests (“CDIs”) trade.
For further information on Alacer Gold Corp., please contact:
Lisa Maestas – Director, Investor Relations at +1-303-292-1299
1 Detailed information regarding the maiden Mineral Reserve can be found in the press release entitled “Alacer Gold Announces Maiden Mineral Reserve and a 70% Increase in Measured and Indicated Mineral Resource for Çakmaktepe as well as Additional Exploration Results for Çakmaktepe,” dated December 18, 2017 (“Çakmaktepe Update”), available on www.sedar.com and on www.asx.com.au.
2All-in Sustaining Costs per ounce is a non-IFRS performance measure with no standardized definition under IFRS. For further information and a detailed reconciliation to IFRS, please see the “Non-IFRS Measures” section of the latest MD&A.
3 Detailed information regarding the Sulfide Project, including the material assumptions on which the forward-looking financial information is based, can be found in the technical report dated June 9, 2016 entitled “Çöpler Mine Technical Report,” available on www.sedar.com and on www.asx.com.au.
4 Additional information on the Gediktepe Project can be found in the press release entitled “Alacer Gold Announces a New Reserve for its Gediktepe Project Providing Future Growth,” dated September 13, 2016, available on www.sedar.com and on www.asx.com.au.
Source:Alacer Gold Corp.