Operations

Alacer Gold operates the world-class Çöpler Gold Mine in eastern Turkey that produced 391,213 ounces of gold in 2019. Alacer has substantial Proven and Probable Reserves of almost 3.3 million contained ounces and Measured and Indicated Resources of 6 million ounces of contained gold. Oxide production guidance for 2020 is 80,000 to 100,000 ounces from the oxide plant and 230,000 to 260,000 ounces from the sulfide plant at consolidated All-in Sustaining Costs of $735 to $785 an ounce.

 
District and Turkey - August 2019

ASR 2020 Strategy Wheel

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".

2020 Guidance1
 Çöpler Gold Mine (100%)2
 
Oxide Plant3
Sulfide Plant
Consolidated 
 Gold Ounces Produced
‘000’s
80 to 100
230 to 260
310 to 360 
 Total Tonnes Mined
M
-
-
 23.0
 Total Tonnes Treated
M
2.7
1.9
4.6 
 Average Grade Treated
g/t gold
1.30
4.30
 -
         
 Total Cash Costs (“C2”)4  $/oz 675 to 725  500 to 525   
 All-in Sustaining Costs (“AISC”)4  $/oz 775 to 8255  650 to 7005   


1
Detailed information regarding 2020 Guidance can be found in the press release entitled “Alacer Achieves 2019 Guidance and Provides 2020 Guidance of 310,000 to 360,000 ounces at AISC of $735 to $785 per ounce,” dated January 22, 2020, available on www.sedar.com and on www.asx.com.au.

2Production 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.

3Oxide plant includes production from both Çöpler oxide ore and Çakmaktepe oxide ore.

4
Total 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-GAAP Measures” section of the most recent MD&A.

5All-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. 

Key Çöpler Facts
Ownership
80% 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 Sulfide Material Pressure Oxidation
Processing Oxide Material
Heap Leach
2019 Gold Production
391,213 ounces
Proven & Probable Reserves
42.6Mt at 2.40g/t gold for 3.3 million contained ounces
(as at December 31, 2019)
Measured & Indicated Resources
82.0Mt at 1.97g/t gold for 5.2 million contained ounces (as at December 31, 2019)
Çöpler Gold Mine
(100% Basis)

 
2014
Actual

2015
Actual

2016
Actual

2017
Actual
2018
Actual
2019
Actual
Ore Treated
(Tonnes)
6,433,514
6,030,514
4,739,368 6,225,773  4,573,436  1,098,611
Head Grade Treated
Oxide Ore
Sulfide Ore

(G/T)
(G/T)

1.68
N/A

1.23
N/A

1.10
N/A

1.13
N/A

1.84
5.04

1.58
5.10
Gold Produced
(OZ)
227,927
204,665
119,036 168,163  170,865  391,213
Total Cash Costs
(US$/OZ)
524
482
738 539  506  508 
All-In Sustaining Costs
(US$/OZ)
694 690 966 686  609  713 





Market Data copyright © 2019 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.