Alacer Gold Reports 'Solid' Q3 Gold Production at Copler

Alacer Gold Corp. (TSX:ASR,ASX:AQG) announced its operating and financial results for the third quarter of 2015, commenting that its Copler gold mine produced 53,728 ounces at an all-in sustaining cost of $672 per ounce.
Other operational highlights include:

• On September 30, the Çöpler Gold Mine surpassed 7.2 million man-hours worked and has operated 949 days without a lost-time injury.
• On August 19, the Çöpler Mine reached a significant milestone with the production of its one millionth ounce of gold.
• For the quarter, gold production was 53,728 ounces and attributable gold production1 was 42,982 ounces.
• For the quarter, Total Cash Costs per ounce (C2) were $517 and All-in Sustaining Costs per ounce were $672.

Financial highlights are as follows:

• Cash and cash equivalents was $368.8 million.
• Undrawn finance facility of $250 million in place.
• Working capital was $420.4 million.
• For the quarter, cash flow from operating activities totaled $32.7 million.
• For the quarter, attributable net profit1 was $7.4 million or $0.03 per share.

Rod Antal, president and CEO of Alacer, commented:

Çöpler delivered another solid quarter with gold production of 53,728 ounces at All-in Sustaining Costs of $672 per ounce. Çöpler achieved both significant safety and operating successes during the third quarter reaching over 7.2 million man-hours worked without a lost-time injury and producing its one millionth ounce of gold.
Additionally, some key Sulfide Project milestones were met during the quarter. We signed a $250 million project finance facility, started earthworks on the permitted area of the plant site, and signed a Letter of Intent with Air Liquide for the oxygen plant. All of these accomplishments further de-risk the Sulfide Project and move us closer to beginning project construction. The necessary Land Use permits are now the critical path for the Project.

Click here to read the full Alacer Gold Corp. (TSX:ASR,ASX:AQG) press release.