Alacer Gold Corp. announced cash flow and production results for the first quarter ended March 31, 2016. For the quarter, the company reported cash flow from operating activities of $9.1 million. Attributable net profit was $8.7 million or $0.03 per share. Gold sales was $42,847 against $37,689 a year ago. Total net profit per basic and diluted share was $0.03 against $0.01 a year ago. Loss before income tax was $12,471 against profit of $2,251 a year ago. Total capital expenditures was $78,914. LBITDA was $2.1 million against $12.3 million a year ago. EBIT was $12.5 million against $2.3 million a year ago.

For the quarter, the company reported gold production was 32,918 ounces, and attributable gold production was 26,334 ounces. Sulfide stockpiles at March 31, 2017 were 7.2 million tonnes at an average grade of 3.36 g/t gold or approximately 780,000 contained gold ounces. Çöpler produced 33,000 ounces.

The company re-confirms 2017 production guidance of 160,000 to 180,000 ounces. With the pasture permit in hand, that expect to produce between 35-40% of its total production in the first half of the year. The company expects over $420 million of CapEx forecast to be spent in the year 2017 and expect annual effective cash tax rate going forward to be around 5%.