Operations

Alacer Gold operates the world-class Çöpler Gold Mine in eastern Turkey that produced 119,036 ounces of gold during 2016. Çöpler has substantial Probable Reserves of 4 million recoverable ounces and Measured and Indicated Resources of 6 million ounces of contained gold, which provide the foundation for Çöpler’s 20 year mine life.

 
Operations Map

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 2017, Çöpler is forecast to produce 160,000 to 180,000 ounces at Total Cash Costs of $500 to $550 per ounce.

A Definitive Feasibility Study on the treatment of sulfide ore was completed in June 2014, which provided technically and financially robust outcomes.  In May 2016, the Board approved full construction of the Sulfide Project, with first gold pour expected in third quarter 2018.  For further information on the Sulfide Project, please see the Press Release titled " Alacer Gold Announces Çöpler Sulfide Project Approval", issued on May 12, 2016.

Key Çöpler Facts
Ownership
Alacer Gold, 20% Lidya Madencilik San. Ve Tic, A.Ş. (“Lidya Mining”)
Location
Erzincan Province, Turkey
Status
Operating
Metals Mined
Gold
Mining
Open Pit by Contractor
Processing (Oxide Material)
Heap Leach
2016 Gold Production
119,036 ounces
Proven & Probable Reserves
53.9Mt at 2.33g/t gold for 4 million contained ounces
(as at December 31, 2016)
Measured & Indicated Resources
95.0Mt at 1.96g/t gold for 6 million contained ounces (as at December 31, 2016)