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ALACER GOLD CORP

ASX: AQG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Alacer Gold Corp. was formed following the successful merger of Anatolia Minerals Development, a TSX listed company and Avoca Resources Limited, Australia's third largest ASX listed gold producer. The merger was completed on February 18, 2011.

Alacer operates in two geographic operating segments consisting of mining activities, which also includes development of and exploration for mineral deposits in Turkey and Australia. Gold prospects are the principal interests of Alacer. Alacer controls approximately 2,835 km2 in Turkey and 4,580 km2 in Australia. Alacer is working towards maximizing shareholder value through increased production, cash flow, maintaining a reduced risk profile and enhancing growth potential through aggressive geological exploration within Alacer’s current portfolio of landholdings, all in an environmentally and socially responsible manner. Exploration for and subsequent conversion of additional Mineral Resources and Reserves is ongoing both in Turkey and Australia.

Alacer Gold has emerged as a leading global intermediate gold producer and explorer with a globally diversified asset portfolio in Australia and Turkey. Alacer Gold is forecasting gold production of 600,000 ounces of gold in CY2013, with an expected increase to 800,000 ounces in CY2015 and current gold reserves of 3.5 million ounces and gold resources approaching 15 million ounces.

The new entity holds an attractive portfolio of large, long-life operating mines, with strong inherent value, enhancement and production growth prospects, underpinned by sound development projects and exploration projects, all led by an accomplished management team. Alacer Gold has assets and geographic diversification with four operating mines in Australia and Turkey.

    • 80% interest in Çöpler;
    • 100% interest in Higginsville;
    • 100% interest in the SKO;
    • 49% interest in the Frog’s Leg

Mine For

gold, copper

Location of operation(s)

Turkey, Western Australia

Address

Level 3, 18 Parliament Place
WEST PERTH, WA, Australia

Phone

303-292-1299

Email

Website


Last Updated

1/3/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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