Sulfide Expansion Project construction
The Çöpler Gold Mine is operated by Alacer Gold and is currently an open-pit, heap-leach operation that is producing gold from oxide ore. The Copler orebody also contains refractory sulfide ore that requires a different processing solution than heap-leaching to extract the gold. In June 2014 a Definitive Feasibility Study was completed and determined that the treatment of the sulfide ore via pressure oxidation provided the best economic return. In May 2016 construction commenced on the Çöpler Sulfide Expansion Project and first gold pour is expected in the third quarter of 2018, providing the next stage of growth for Alacer.

Çöpler Sulfide Expansion Project (1)
First Gold Pour Expected
Third quarter 2018
Pre-Production Capital
US$744 million
Estimated Mine Life
20 years
Life-of-Mine Production
4 million ounces
All-in Sustaining Costs
$645 per ounce
After Tax Net Present Value at 5%
US$728 million
After-Tax Internal Rate of Return
Project Payback
3 years from start of sulfide production

(1) On 100% basis

Project Update

Key Milestones Target Date
Equipment Procurement Complete
Autoclaves Arrive on Site Q1 2017
Electrical & Instrumentation Works Begin Q2 2017
Engineering Design Complete Q2 2017
Major Civil Works Complete Q3 2017
Oxygen Plant Complete Q4 2017
Dry Commissioning Begins Q1 2018
First Gold Pour Q3 2018