Company News: Alacer Gold
Updated: 14 Mar 2011
Alacer Gold Corp. was formed following the successful merger of Anatolia Minerals Development, a TSX listed company and Avoca Resources Limited, Australia's third largest ASX listed gold producer. The merger was completed on February 18, 2011.
Through the merger, Alacer Gold has emerged as a leading global intermediate gold producer and explorer with a globally diversified asset portfolio in Australia and Turkey. Alacer Gold is forecasting gold production of 600,000 ounces of gold in CY2013, with an expected increase to 800,000 ounces in CY2015 and current gold reserves of 3.5 million ounces and gold resources approaching 15 million ounces.
The new entity holds an attractive portfolio of large, long-life operating mines, with strong inherent value, enhancement and production growth prospects, underpinned by sound development projects and exploration projects, all led by an accomplished management team. Alacer Gold has assets and geographic diversification with four operating mines in Australia and Turkey.
Through the merger, Alacer Gold has emerged as a leading global intermediate gold producer and explorer with a globally diversified asset portfolio in Australia and Turkey. Alacer Gold is forecasting gold production of 600,000 ounces of gold in CY2013, with an expected increase to 800,000 ounces in CY2015 and current gold reserves of 3.5 million ounces and gold resources approaching 15 million ounces.
The new entity holds an attractive portfolio of large, long-life operating mines, with strong inherent value, enhancement and production growth prospects, underpinned by sound development projects and exploration projects, all led by an accomplished management team. Alacer Gold has assets and geographic diversification with four operating mines in Australia and Turkey.
Also Known as: Avoca Resources
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker ASR
Financial Information
Stock Feed
Exchanges listed on ASX
Share Holders
Market Cap
Shares Issued
Level 3, 18 Parliament Place
- West Perth
- WA
- 6005
- Australia
Most Recent Company News
- Turkey: Constructing the future - 11 May 2012 12:32pm
Turkish construction firms and investors are contributing to the expanding region Read more... - Quinlivan for Alacer - 04 May 2012 2:31pm
Alacer Gold Corp said that David Quinlivan would take on the role of chief executive at the TSX- and ASX-listed gold producer, replacing Edward Dowling who remains on the Alacer board Read more... - Ҫöpler M&I estimate rises to 7.3Moz - 02 Mar 2012 12:20pm
Alacer Gold Corp has increased the resource estimate for its 80%-owned Çöpler gold-silver-copper mine in Turkey, with gold contained within measured and indicated (M&I) categories rising by 18% to 7.3Moz Read more... - View from RBC: Buy, buy, buy - 11 Nov 2011 1:08pm
Merger and acquisition activity in the gold sector is set to increase in 2012 Read more... - Reynolds resigns - 02 Sep 2011 10:37am
Robert Reynolds has resigned as chairman of the board at Alacer Gold Corp and will be replaced by Timothy Haddon Read more... - Alacer finds Cöpler's sulphides viable - 01 Apr 2011 11:51am
A prefeasibility study for development of gold-copper-enriched sulphide mineralisation at Alacer Gold Corp’s Çöpler project in Turkey forecast economically-viable operations Read more... - Merger to create new gold producer - 10 Sep 2010 10:53am
Anatolia Minerals Development Ltd and Avoca Resources Ltd are the latest gold companies to pounce on the surging value of bullion Read more... - Anatolia and Avoca create merger of equals - 10 Sep 2010 10:53am
ANATOLIA Minerals Development Ltd and Avoca Resources Ltd are the latest gold companies to pounce on the surging value of bullion. Read more...
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