Alacer Gold operates the world-class Çöpler Gold Mine in eastern Turkey that produced 227,927 ounces of gold during 2014. Çöpler has substantial Proven and Probable Reserves of 3.8 million ounces and Measured and Indicated Resources of 7.8 million ounces of contained gold, which provide the foundation for Çöpler’s 20-year mine life.
Çöpler is an epithermal gold deposit located in central eastern Turkey, approximately 550km east of Ankara and 120km southwest of the city of Erzincan. The nearest population center is the town of ĺliҫ, which is 6km northeast of Çöpler.
The Çöpler Gold Mine is currently an open-pit, heap-leach operation producing low-cost gold from oxide ore. During 2015, Çöpler is forecast to produce 180,000 to 200,000 ounces (144,000 to 160,000 ounces) at All-in Sustaining Costs of $775 to $825 per ounce.
A Definitive Feasibility Study on the treatment of sulfide ore was completed in June 2014, which provided technically and financially robust outcomes. Following the anticipated receipt of required permits in early 2015, construction of a sulfide ore processing facility is planned to commence in Q2 2015.
Key Çöpler Facts:
- Ownership: 80% Alacer Gold, 20% Lidya Madencilik San. Ve Tic, A.Ş. (“Lidya Mining”)
- Mining: open pit by contractor
- Processing: heap leach
- 2013 Gold Production: 271,063 ounces
- Proven & Probable Reserves: 57.9Mt at 2.06g/t gold for 3.8 million ounces (as at December 2013)
- Measured & Indicated Resources: 152.9Mt at 1.59g/t gold for 7.8 million ounces (as at December 2013)