Alacer Gold Corp. Announces Unaudited Operating Results for the Fourth Quarter and Full Year of 2017 for its Çöpler's Gold Mine; Provides Production Guidance for the Year 2018; Provides Capital Expenditure Guidance for the Year 2018
For the quarter, the company announced Çöpler's gold production of 64,542 ounces.
For the year 2018, the company estimates production of 120,000 ounces to 190,000 ounces from Çöpler oxides and sulfides. Çöpler oxide gold production is expected to be 70,000 ounces to 90,000 ounces at all-in sustaining costs for the oxides of $750 to $800 per ounce. Sulfide tonnes mined are expected to be 1.9 million. Sulfide gold production is expected to be 50,000 ounces to 100,000 ounces
For the year 2018, the company estimates Çöpler oxide sustaining capital expenditure of $7 million, Çöpler sulfide sustaining capital expenditure of $30 million, Çöpler sulfide expansion capital expenditure of $225 million and other growth capital expenditure (includes Gediktepe) of $12 million. The company expects exploration expenditure of $11 million.