Welcome!

Microsoft Cloud Authors: Pat Romanski, Srinivasan Sundara Rajan, Glenn Rossman, Janakiram MSV, Steven Mandel

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
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. 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 dev...