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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.
Also Known as: Avoca Resources
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker ASR
 

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Level 3, 18 Parliament Place
  • West Perth
  • WA
  • 6005
  • Australia
 
 

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