Operations Overview

  • Çöpler History

    September 1998

    Alacer acquired its first interest in Çöpler

    January 2004

    Alacer consolidated 100% control of the property

    August 2009

    Strategic relationship with Lidya Mining formed

    Late 2009

    Construction of the mine began

    December 2010

    First gold poured

    April 2011

    Commercial gold production commenced

    December 2011

    Lidya Mining exercised option to increase its ownership to 20% (from 5%)

    December 2013

    645,749 cumulative ounces of gold produced

  • 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.

    ALA-Operations-Overview-Map-FINAL

    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)