Çöpler Sulfide Project Under Budget and Approaching Start Up

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Alacer Gold

Alacer Gold Corp. is a leading low-cost gold producer, with an 80% interest in the world-class Çöpler Gold Mine in Turkey.

During 2018, Çöpler is forecast to produce 70,000 to 90,000 ounces of oxide ore and 50,000 to 100,000 ounces of sulfide ore at All-in Sustaining Costs of $750 to $800 per ounce. Çöpler’s oxide ore is currently being processed in a conventional crush, agglomeration, heap-leach and gold recovery circuit and the sulfide ore will be processed using pressure oxidation beginning in the third quarter 2018.

The 43-101 Technical report “Çöpler Sulfide Expansion Project Feasibility Update”, issued on March 30, 2015 demonstrated robust financial returns from processing sulfide ore and extended Çöpler’s mine life to year 2037. A Press Release titled "Alacer Gold Announces Çöpler Sulfide Project Approval", issued on May 12, 2016 provides an update on the Sulfide Project.  An updated National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Report on the Çöpler Mine was filed on June 9, 2016 on www.sedar.com and on the Australian Securities Exchange.  Çöpler’s remaining Life-of-Mine production is forecast to produce approximately 4 million ounces of gold at low All-in Sustaining Costs averaging $645 per ounce over the life of the mine.

The Corporation has numerous high-potential exploration projects in Turkey in various joint ventures with our Turkish partner, Lidya Mining.

The Corporation’s primary focus is to leverage its cornerstone Çöpler Mine and strong balance sheet to maximize portfolio value, maximize free cash flow, minimize project risk and, therefore, create maximum value for shareholders.

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