Alacer Gold operates the world-class Çöpler Gold Mine in eastern Turkey that produced 170,865 ounces of gold during 2018. Çöpler has substantial Proven and Probable Reserves of almost 3.7 million contained ounces and Measured and Indicated Resources of almost 5.6 million ounces of contained gold, which provide the foundation for Çöpler’s 20 year mine life. Consolidated production guidance for 2019 is 355,000 to 415,000 ounces at All-in Sustaining Costs of $675 to $725 an ounce and will come from two producing plants.

The Çöpler Gold Mine has been successfully operating since 2010, processing oxide ore via a heap leach operation. The oxide ore is progressively being exhausted and the mine started processing sulfide ore in November 2018 using pressure oxidation, commonly referred to as "POX".

¹Production results are reported on 100% basis; production results are reduced by a 20% non-controlling interest at the Çöpler Gold Mine to derive attributable gold production.

²As guided, sulfide plant processing costs will be higher in the early years due to higher reagent consumption.

³Total Cash Costs (C2) per ounce and All-in Sustaining Costs per ounce are non-IFRS performance measures with no standardized definition under IFRS. For further information and a detailed reconciliation to IFRS, please see the “Non-IFRS Measures” section of the most recent MD&A.

⁴All-in Sustaining Costs for the oxide plant and sulfide plant are for the mine site only. The consolidated AISC includes the addition of general and administrative costs, share-based compensation costs and other exploration expenses. 

⁵Oxide plant includes production from both Çöpler oxide ore and Çakmaktepe oxide ore.