Alacer Gold Corp. is a rapidly growing gold company and holds a portfolio of large, long-life gold mines and exploration properties in Turkey and Australia.
The 80%-owned Çöpler Gold Mine in Turkey produced 185,000 ounces during 2011 - its first year of production. The Çöpler Sulfide Feasibility Study is evaluating treatment of sulfide ore that could increase Çöpler’s gold production to approximately 400,000 ounces per annum.
The 100%-owned Higginsville and South Kalgoorlie Operations (including the 49%-owned Frog’s Leg Mine) produced a total 236,000 ounces during 2011. Alacer is targeting gold production from its Australian operations to increase to approximately 400,000 ounces per annum.
Alacer’s gold production is forecast to increase from 421,000 ounces in 2011 to an annualized gold production rate of 800,000 ounces per annum being achieved in 2015 via internally funded organic growth.
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