- Write by:
-
Wednesday, February 5, 2020 - 11:14:21 AM
-
557 Visit
-
Print
Mining News Pro - Alacer Gold on Tuesday released its operating and financial results for the full-year ended December 31, 2019. The company had an “exceptional” year in 2019, generating more than $215 million in unlevered cash flow.
According to Mining News Pro - With its operating foundation set as an intermediate producer, Alacer’s focus for 2020 is to continue to prioritize free cash flow generation while prudently investing in growth from the Çöpler district. The company intends to publish a new technical report for Çöpler later this year.
“We believe we have an asset base capable of sustaining production of 300,000 to 400,000 ounces of gold per year and delivering incremental asset value to our shareholders,” president and CEO Rod Antal stated in a media release.
Last year, the Çöpler mine in Turkey produced 391,213 ounces of gold, with 233,567 ounces produced from the company’s sulphide plant and the balance produced from its oxide plant.
Alacer continues to actively explore a number of prospective exploration targets near the Çöpler mine and across Turkey.
Full-year attributable earnings were $116 million, or $0.39 per share.
Short Link:
https://www.miningnews.ir/En/News/483922
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into ...
An employee died Sunday at a Nutrien potash mine in Saskatchewan, temporarily shuttering the operation as the company ...
Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for ...
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key ...
Australian-based Atlantic Lithium Ltd., which is developing Ghana’s first lithium mine, has taken a step toward raising ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
No comments have been posted yet ...