Alacer Gold operates the world-class Çöpler Gold Mine in eastern Turkey that produced 271,063 ounces of gold during 2013. 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 2014, Çöpler is forecast to produce 200,000 to 225,000 ounces (160,000 to 180,000 attributable ounces) at low All-in Costs of $730 to $780 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)