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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11295)	2/11/2015 7:15:58 PM
From: Goose94	Read Replies (1) \| Respond to of 203526

Alacer Gold (ASR-T) Feb 11, '15 announced today that it has filed its operating, financial results and related management's discussion and analysis ("MD&A") for the year ended December 31, 2014. The corresponding financial statements and MD&A are available on www.AlacerGold.com and on www.SEDAR.com. All currencies referenced herein are denominated in USD unless otherwise stated. Rod Antal, Alacer's President and Chief Executive Officer, stated, "2014 was a pivotal year for Alacer as we remained focused on realigning the business and daylighting the full value of our world-class asset, the Çöpler Gold Mine. Emphasis was on improving operating efficiencies at Çöpler and achieving key milestones necessary for the construction and delivery of the Çöpler Sulfide Project in 2017. As we ramp up our investment, particularly in the Sulfide Project, our Board of Directors has decided to suspend the dividend policy in order to allocate capital resources to delivering the growth strategy and the value it creates. The Çöpler Gold Mine exceeded guidance for the year, with annual gold production of 227,927 ounces at $694 All-in Sustaining Costs[1], a 15% decrease in costs from 2013. Çöpler's performance will remain strong in 2015 with a gold production forecast of 180,000 to 200,000 ounces at All-in Sustaining Costs1 of $775 to $825 an ounce. Alacer is in a strong financial position, ending the year with cash of $347 million, a 20% increase over 2013, and no debt." 2014 Highlights Strategic The heap leach pad expansion study was completed which resulted in a 14% increase in ultimate capacity to 56 million tonnes. Expansion work commenced in Q4 and re-optimization of the mine plan to take advantage of the new capacity is underway. The Corporation completed the DFS for the processing of the sulfide ore reserves through whole ore pressure oxidation at the Çöpler Gold Mine. The Environmental Impact Assessment ("EIA") for the Çöpler Sulfide Project was approved on December 25, 2014. Basic engineering commenced for the Sulfide Project while the permitting process continued to advance to plan. Exploration drilling results were announced in September indicating continued positive trends at the Dursunbey project in western Turkey. Operational At December 31, the Çöpler Gold Mine reached 4.9 million hours worked and 675 days without a lost-time injury ("LTI"). The mine achieved 5 million hours without a LTI on January 8, 2015. Total gold production was 227,927 ounces and attributable gold production[2] was 182,342 ounces. Total Cash Costs1 per ounce (C2) were $524 and All-in Sustaining Costs1 per ounce were $694. An additional 1.8 million tonnes of sulfide ore was stockpiled at an average grade of 3.72 g/t gold. Finalized chemical commissioning of the SART plant in Q3 with the first shipment of copper concentrate occurring in December. Full commissioning of the second Carbon-in-Column ("CIC") circuit was achieved in Q3, which is now operating at designed throughput. Processing improvements were realized with the addition of the clay-handling circuit, new agglomerator, and grasshopper stacking system. Financial The Corporation ended 2014 with cash and cash equivalents of $346.6 million, and had no external debt. The cash and cash equivalents balance increased by $57.0 million for the full year. Working capital increased $64.1 million to $379.4 million. Attributable net profit was $65.3 million, or $0.23 per share. Cash flow from operating activities totaled $142.7 million. SOURCE Alacer Gold Corp. Alacer Gold Corp., please contact: Lisa Maestas - Director, Investor Relations at +1-303-292-1299