Welcome!

.NET Authors: Jayaram Krishnaswamy, Sematext Blog, Ian Khan, Elizabeth White, ITinvolve Blog

News Feed Item

Alacer achieves strongest quarterly production of the year of 103,426 attributable ounces

TORONTO, Jan. 17, 2013 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX: ASR] and [ASX: AQG] today announced fourth quarter 2012 mine production for its operations in Turkey and Australia. Fourth quarter 2012 financial statements and the related management's discussion and analysis are planned to be released on or about March 13, 2013 (North America) and March 14, 2013 (Australia).


Fourth Quarter 2012 Highlights

Mine   Q4 2012
Gold Production
2012
Gold Production
Çöpler (100%) (oz) 52,137 188,756
Higginsville (oz) 35,774 136,687
SKO (incl. 49% of Frog's Leg) (oz) 25,942 94,046
Total (oz) 113,853 419,489
Total (Alacer attributable1) (oz) 103,426 381,738

  • Attributable gold production of 103,426 ounces achieved for the quarter and attributable gold sold totalled 95,986 ounces for the quarter.
  • Çöpler gold production increased to 52,137 ounces for the quarter as the revised mining plan delivered more ore tonnes at an improved grade.
  • Higginsville gold production increased to 35,774 ounces for the quarter as the head grade increased to 3.6g/t gold with the Trident underground mine contributing 243,516 tonnes at 4.2g/t gold.
  • South Kalgoorlie Operations ("SKO") continued to perform as planned with 25,942 ounces produced during the quarter. The Triumph open pit was completed during the quarter

David Quinlivan, President and CEO of Alacer, stated "Our mines had a strong finish to 2012 with our attributable gold production increasing to 103,426 ounces for Q4 2012, a 12,475 ounces (14%) increase over the previous quarter. Despite a challenging start to the year, the strong fourth quarter enabled the Company to substantially meet full-year production guidance on an aggregate basis."

The Company is in the process of finalizing its gold production and cost guidance for 2013, including its strategic plan for the business.  The Company expects to make an announcement concerning these key matters in February 2013, which will include an update regarding the Company's Çöpler Sulfide Feasibility Study and the possibility of constructing an oxide mill at Çöpler.

___________________________

1Attributable gold production reflects Alacer's 80% ownership of Çöpler.

Operations

Çöpler Gold Mine

Çöpler Gold Mine   Q1
2012
Q2
2012
Q3
2012
Q4
2012
2012
Ore treated (100%) (tonnes) 1,776,559 1,618,228 1,747,816 1,935,124 7,077,727
Head grade (g/t) 1.69 1.67 1.55 1.69 1.65
Recovery1 (%) 57.9% 57.3% 61.1% 59.5% 58.9%
Total gold produced (100%) (oz) 44,564 51,212 40,843 52,137 188,756
Alacer ownership (%) 80% 80% 80% 80% 80%
Attributable gold produced (oz) 35,651 40,970 32,674 41,710 151,005
1 Gold recovery rate is indicative of the modelled recovery of ore placed on the heap-leach pad during
the respective period presented.

  • Attributable Çöpler gold production increased to 41,710 ounces for the quarter (Q3 attributable: 32,674 ounces) as the revised mining plan delivered more ore tonnes at an improved grade.
  • Gold production was less than forecast due to limitations on crushing/agglomerating high-grade clayey ore and the mined grade being lower than planned on one level in the Manganese pit.
  • During the quarter, ore was mined from the Manganese open pit (1,323,058 tonnes), the Marble open pit (485,989 tonnes) and the Main open pits (256,633 tonnes) with total 130,556 tonnes of sulfide ore stockpiled.
  • A total of 1,329,308 tonnes of ore at 2.0g/t gold were crushed and stacked on the leach pad during the quarter (Q3: 1,110,774 tonnes crushed at 2.0g/t). Ore crushed and stacked during the month of December totaled 455,705 tonnes at 2.6g/t gold.
  • Run-of-mine ore placed directly on the heap-leach pad totaled 605,815 tonnes at 1.0g/t gold (Q3: 637,042 tonnes at 0.8g/t).

Higginsville Gold Operations (100% owned)

Higginsville Gold Operations Q1
2012
Q2
2012
Q3
2012
Q4
2012
2012
Ore treated (tonnes) 332,299 345,134 355,554 324,353 1,357,340
Head grade (g/t) 3.23 3.26 2.92 3.56 3.23
Recovery (%) 96.5% 97.3% 96.9% 96.4% 97.0%
Gold produced (oz) 33,329 35,227 32,357 35,774 136,687

  • Gold production from Higginsville Gold Operations increased to 35,774 ounces of gold for the quarter (Q3: 32,357 ounces), due to improved grades mined at the Trident and Chalice underground mines.
  • Significant rainfall events in late November and early December restricted the haulage of ore from Chalice to the Higginsville processing plant and resulted in tonnes processed during Q4 being less than Q3. Stockpiled ore at December 31, 2012 totalled 46,480 tonnes at 2.9g/t gold, containing 4,348 ounces.
  • Ore mined from Trident totalled 243,516 tonnes (Q3: 241,214 tonnes) at 4.2g/t gold for the quarter (Q3: 3.5g/t). The increased Trident grade was due to mining higher grade stopes in the Athena and Apollo Lodes as planned.
  • The Trident decline reached the 615mRL at the end of the quarter, with the first ore from the Helios and Artemis Lodes expected in mid-2013 on the 585mRL and 605mRL, respectively.
  • Ore mined from Chalice totalled 80,188 tonnes (Q3: 25,288 tonnes) at 2.5g/t gold for the quarter (Q3: 2.1g/t). The increased Chalice grade is associated with the commencement of stoping in the Atlas Lode as planned.
  • The Chalice decline reached the 1,026mRL at the end of the quarter. The first development ore from the Grampians Lode was mined during the quarter and the first development ore from the Olympus Lode is expected in mid-2013 on the 1,014mRL.

South Kalgoorlie Operations (100% owned except for 49% interest in Frog's Leg Mine)

SKO
(including 49% of Frog's Leg)
Q1
2012
Q2
2012
Q3
2012
Q4
2012
2012
Ore treated (tonnes) 325,626 333,959 327,452 324,629 1,311,666
Head grade (g/t) 2.36 2.02 2.67 2.69 2.43
Recovery (%) 90.7% 91.0% 92.2% 92.2% 91.6
Gold produced (oz) 22,397 19,787 25,920 25,942 94,046

  • Gold production from South Kalgoorlie Operations ("SKO") was steady at 25,942 ounces for the quarter (Q3: 25,920 ounces).
  • Alacer's 49% share of gold production from processing Frog's Leg ore was 14,526 ounces for the quarter (Q3: 14,666 ounces), with lower tonnes processed 82,041 tonnes (Q3: 97,209 tonnes) partially offset by a higher grade of 6.0g/t gold (Q3: 5.1g/t).
  • Gold production from processing South Kalgoorlie open-pit ore increased slightly to 11,416 gold ounces (Q3: 11,254 ounces), as a result of processing a higher tonnage of 242,588 tonnes (Q3: 230,243 tonnes) at a lower grade of 1.6g/t gold (Q3: 1.7g/t).
  • Ore mined from the Triumph and Pernatty open pits totalled 168,800 tonnes at 1.6g/t gold (Q3: 228,595 tonnes at 1. 8g/t) during the quarter. The lower tonnage mined during the quarter reflects the completion of the Triumph open pit in early November.
  • SKO now has only one active open-pit mining fleet at Pernatty. Mining of the Pernatty open pit is planned to be completed in Q1 2013 with mining then moving to SBS28 area.

Fourth Quarter and Full-Year Financial Results

The financial statements and management discussion and analysis for the fourth quarter and full-year are planned to be released on or about March 13 (North America) and March 14 (Australia). Conference call details will be advised in due course.

Fourth Quarter 2012 Production Statistics

        SKO    
    Çöpler Higginsville Frog's
Leg
(49%)
Other South
Kalgoorlie
Operations
Total
Alacer
Gold
Total
U/G ore mined (tonnes) - 323,704 95,010 - 95,010 418,714
U/G mined grade (g/t) - 3.80 6.98 - 6.98 4.52
U/G mined ounces (ounces) - 39,592 21,316 - 21,316 60,908
O/P ore mined (tonnes) 2,065,680 - - 168,800 168,800 2,234,480
O/P waste mined (tonnes) 5,563,273 - - 936,130 936,130 6,499,403
O/P mined grade (g/t) 1.83 - - 1.63 1.63 1.81
O/P ounces mined (ounces) 121,541 - - 8,824 8,824 130,365
Total tonnes mined (tonnes) 2,065,680 323,704 95,010 168,800 263,810 2,653,194
Total mined grade (g/t) 1.83 3.80 6.98 1.63 3.55 2.24
Total mined ounces (ounces) 121,541 39,592 21,316 8,824 30,140 191,273
Ore treated (tonnes) 1,935,124 324,353 82,041 242,588 324,629 2,584,106
Head grade (g/t) 1.69 3.56 5.99 1.58 2.69 2.05
Recovery1 & 2 (%) 59.5 96.4 91.9 92.6 92.2 N/M
Gold produced 3 (oz) 52,137 35,774 14,526 11,416 25,942 113,853
Gold sold (oz) 52,041 32,029 11,936 10,388 22,324 106,394
Attributable gold
produced4
(oz) 41,710 35,774 14,526 11,416 25,942 103,426
Attributable gold
sold4
(oz) 41,633 32,029 11,936 10,388 22,324 95,986


1 For Çöpler, recovery rate is indicative of the modeled recovery of ore placed on the heap leach pad during the respective quarter.

2 "N/M" means not meaningful for consolidated results.

3 Gold produced is ounces poured plus net change of gold‐in‐circuit for Australian mines. Gold produced is ounces poured only at Çöpler.

4 Attributable reflects Alacer 80% ownership of Çöpler.

Full-Year Production Statistics (January to December 2012)

        SKO    
    Çöpler Higginsville Frog's
Leg
(49%)
Other South
Kalgoorlie
Operations
Total
Alacer
Gold
Total
U/G ore mined (tonnes) - 1,100,544 331,855 - 331,855 1,432,399
U/G mined grade (g/t) - 3.78 6.00 - 6.00 4.30
U/G mined ounces (ounces) - 133,795 64,006 - 64,006 197,801
O/P ore mined (tonnes) 7,226,245 27,104 - 716,983 716,983 7,970,332
O/P waste mined (tonnes) 18,071,316 947,822 - 10,335,370 10,335,370 29,354,508
O/P mined grade (g/t) 1.68 3.80 - 1.55 1.55 1.67
O/P ounces mined (ounces) 389,413 3,308 - 35,808 35,808 428,529
Total ore mined (tonnes) 7,226,245 1,127,648 331,855 716,983 1,048,838 9,402,731
Total mined grade (g/t) 1.68 3.78 6.00 1.55 2.96 2.07
Total mined ounces (ounces) 389,413 137,103 64,006 35,808 99,814 626,330
Ore treated (tonnes) 7,077,727 1,357,340 342,354 969,312 1,311,666 9,746,733
Head grade (g/t) 1.65 3.23 5.30 1.42 2.43 1.98
Recovery1 & 2 (%) 58.9 97.0 91.9 91.3 91.6 N/M
Gold produced3 (oz) 188,756 136,687 53,640 40,406 94,046 419,489
Gold sold (oz) 202,851 135,604 52,699 40,229 92,928 431,383
Attributable gold
produced4
(oz) 151,005 136,687 53,640 40,406 94,046 381,738
Attributable gold
sold4
(oz) 162,281 135,604 52,699 40,229 92,928 390,813

Notes

In this announcement:

  • All production statistics are on a 100% basis except where otherwise noted.
  • All $'s are US$'s except where otherwise noted.
  • All ounces are troy ounces of gold.


1 For Çöpler, recovery rate is indicative of the modeled recovery of ore placed on the heap leach pad during the year.

2 "N/M" means not meaningful for consolidated results.

3 Gold produced is ounces poured plus net change of gold‐in‐circuit for Australian mines. Gold produced is ounces poured only at Çöpler.

4 Attributable reflects Alacer 80% ownership of Çöpler.

About Alacer

Alacer Gold Corp. is a leading intermediate gold mining company with interests in multiple mines which provide ore to three processing facilities in Australia and Turkey:

  • 80% interest in the Çöpler Gold Mine;
  • 100% interest in the Higginsville Gold Operations;
  • 100% interest in the South Kalgoorlie Gold Operations; and
  • 49% interest in the Frog's Leg Gold Mine.

Alacer's operations produced a total of 381,738 attributable ounces of gold during 2012.

Alacer Gold is executing a growth strategy through the use of cash flows to grow production and cash margins to generate strong capital returns. While the primary objective is organic growth, the Company also identifies and evaluates strategic transactions that will add shareholder value.

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain statements contained in this press release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "likely", "forecast", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.

Forward-looking information includes, but is not limited in any manner to, statements concerning, among other things, matters relating to proposed exploration, communications with local stakeholders and community relations, status of negotiations of joint ventures, weather conditions at our operations, commodity prices, mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates, the development approach, the timing and amount of future production, timing of studies and analyses, the timing of construction of proposed mines and process facilities, capital and operating expenditures, economic conditions, availability of sufficient financing, exploration plans and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, regulatory and political factors that may influence, or be influenced by, future events or conditions. Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of Alacer's filings, and include exploration results and the ability to explore, the ultimate determination of mineral reserves, availability and final receipt of required approvals, titles, licenses and permits, sufficient working capital to develop and operate the mines, access to adequate services and supplies, commodity prices, ability to meet production targets, foreign currency exchange rates, interest rates, access to capital markets and associated cost of funds, availability of a qualified work force, ability to negotiate, finalize and execute relevant agreements, lack of social opposition to the mines, lack of legal challenges with respect to the property of Alacer and the ultimate ability to mine, process and sell mineral products on economically favorable terms. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

You should not place undue reliance on forward-looking information and statements.  Forward-looking information and statements are only predictions based on our current expectations and our projections about future events.  Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in Alacer's filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Alacer does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

 

 

 

 

 

SOURCE ALACER GOLD CORP.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.