Alacer is a leading low-cost intermediate gold producer, with an 80% interest in the world-class Çöpler Gold Mine (“Çöpler”) in Turkey operated by Anagold , and the remaining 20% owned by Lidya Mining. The Corporation’s primary focus is to leverage its cornerstone Çöpler Gold Mine and strong balance sheet as foundations to continue its organic multi-mine growth strategy, maximize free cash flow and therefore create maximum value for shareholders. The Çöpler Gold Mine is located in east-central Turkey in the Erzincan Province, approximately 1,100 km southeast from Istanbul and 550 km east from Ankara, Turkey’s capital city.
Alacer continues to pursue opportunities to further expand its current operating base to become a sustainable multi-mine producer with a focus on Turkey. The Çöpler Mine is processing ore from three primary sources: Çöpler sulfide ore, Çöpler oxide ore, and Çakmaktepe oxide ore. With the recent completion of the sulfide plant, the Çöpler Mine will produce over 3.5 million ounces at first quartile All-in Sustaining Costs, generating robust free cash flow over the next 20 years.
The systematic and focused exploration efforts in the Çöpler District have been successful as evidenced by the newly discovered Ardich deposit. The Çöpler District remains the focus, with the goal of continuing to grow oxide resources that will deliver production utilizing the existing Çöpler infrastructure. In the other regions of Turkey, targeted exploration work continues, including work on the technical studies for the Gediktepe Project.
Alacer is a Canadian company incorporated in the Yukon Territory with its primary listing on the Toronto Stock Exchange. The Corporation also has a secondary listing on the Australian Securities Exchange where CHESS Depositary Interests (“CDIs”) trade.
Alacer Gold will deliver superior free cash flow over a 20+ year mine life.
In 2019 the Çöpler Gold Mine is forecast to produce 320k to 380k ounces from 3 ore sources at AISC of $675 to $725/oz.
With Alacer's high-quality exploration pipeline and track record of delivery, Alacer represents an attractive value proposition.
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.
Van Eck Associates Corporation
JCP Investment Partners
Dimensional Fund Advisors
Edward C. Dowling
President & CEO:
Rodney P. Antal
Mark E. Murchison
Chief Legal Officer & Secretary:
Senior Vice President, Business Development & Investor Relations: