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Alacer hits guidance mark

Turkey-focused miner Alacer Gold (TSX:ASR) has achieved its full-year production guidance and beat its all-in sustaining cost forecast for 2018.
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Alacer has beaten its AISC target for 2018

Staff Reporter

CEO Rod Antal said Thursday the flagship Çöpler operation had a productive last quarter, which pushed 2018 output to 170,865oz gold, at unaudited all-in sustaining costs of US$615 per ounce.

"Last year's gold production represented a key milestone for the company as it included the first production from the newly constructed sulphide plant. The performance of the sulphide plant continues to meet our expectations," Antal said.

Alacer noted that following the initial gold inventory build in the new plant, 21,916oz were poured in December, which was the first full month of sulphide plant operations.

The company plans to release its full-year 2018 financial results on February 5.

The company gained 1.58% or C4c Thursday to close at $2.57, having risen 17.35% in the past year. The Canadian company has a current market value of $755.17 million.