TORONTO, Oct. 14, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. ( “Alacer” or the “Corporation” ) (TSX: ASR ) (ASX:AQG) plans to release its third quarter 2016 operating results, financial statements and the related management’s discussion and analysis before the TSX market opens on Wednesday, October 26, 2016 (North America).
Rod Antal, Alacer’s President and Chief Executive Officer will host a conference call on Wednesday, October 26, 2016 at 5:00 p.m. (North America Eastern Daylight Time) and Thursday, October 27, 2016 at 8:00 a.m. (Australian Eastern Daylight Time).
You may listen to the call via webcast at http://services.choruscall.ca/links/alacer20161026.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 | |||
| 1-800-423-528 | for Australia | |||
| 800-930-470 | for Hong Kong | |||
| 800-101-2425 | for Singapore | |||
| 0808-101-2791 | for United Kingdom | |||
| 1-604-638-5340 | for International | |||
| “Alacer Gold Call” | Conference ID |
If you are unable to participate in the call, a webcast will be archived until January 26, 2017 and a recording of the call will be available on Alacer’s website at www.AlacerGold.com or through replay until Wednesday, December 7, 2016 by using passcode 0857# and calling:
| 1-855-669-9658 | for U.S. and Canada | |||
| 800-984-354 | for Australia |
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 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”). 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.
The Çöpler Mine is located 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 to 58 million tonnes continues to advance. All required land use permits for the Heap Leach Pad Phase 4 expansion have been received. The Corporation continues to evaluate opportunities to 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 is under construction with first gold production projected in the third quarter 2018. The Project is expected to deliver long-term growth with robust financial returns and adds over 20 years of production at Çöpler. The Sulfide Project will bring Çöpler’s remaining life-of-mine gold production to 4 million ounces at All-in Sustaining Costs 1 averaging $645 per ounce 2 .
- The Corporation 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, as well as in other regions of Turkey, are progressing. Çakmaktepe Southeast, Çakmaktepe East, Çakmaktepe North and Bayramdere are the main focus in the Çöpler District, and have the potential to add oxide production within the next two years. In the region, the Gediktepe Project (formerly known as the Dursunbey Project) has advanced with a maiden resource and reserve released in third quarter 2016 3 .
Alacer is a Canadian corporation 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 CDIs trade.
1 All-in Sustaining Costs is a non-IFRS financial performance measure with no standardized definitions under IFRS. For further information and a detailed reconciliation, please see the “Non-IFRS Measures” section of the Corporation’s MD&A for the three months ended June 30, 2016.
2 Detailed information regarding the Çöpler 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 “Technical Report on the Çöpler Mine and Çöpler Sulfide Exploration Project” (the “Updated Technical Report”) available on the Corporation’s website at www.alacergold.com , on www.sedar.com , and on www.asx.com.au .
3 Alacer has exercised its clawback option for the Gediktepe Project and upon completion of the clawback, ownership will be 50%/50%. Detailed information 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 the Corporation’s website at www.alacergold.com , on www.sedar.com , and on www.asx.com.au .
For further information on Alacer Gold Corp., please contact: Lisa Maestas – Director, Investor Relations at +1-303-292-1299
