TORONTO (miningweekly.com) – Turkey- and Australia-focused gold producer Alacer Gold on Thursday said it had produced 381 738 oz of attributable ounces from its mines, which was just under its expected attributable production of 385 000 oz to 403 000 oz.
However, the company reported a strong fourth quarter ending December 31, with attributable gold production totalling 103 426 oz and attributable gold sold totalling 95 986 oz for the quarter.
Production at the company’s Çöpler mine, in Turkey, increased to 52 137 oz for the quarter as a revised mining plan delivered more ore tons at an improved grade.
Gold production from the company’s fully owned Higginsville operation, in Western Australia totalled 35 774 oz for the quarter, as the head grade increased to 3.6 g/t gold with the Trident underground mine contributing 243 516 t at 4.2 g/t gold.
The South Kalgoorlie operations in Western Australia performed as planned with 25 942 oz produced during the quarter. The Triumph openpit was completed during the quarter.
"Our mines had a strong finish to 2012 with our attributable gold production increasing to 103 426 oz for Q4 2012, a 12 475 ounces (14%) increase over the previous quarter,” CEO David Quinlivan said.
“Despite a challenging start to the year, the strong fourth quarter enabled the company to substantially meet full-year production guidance on an aggregate basis."
The company’s TSX-listed stock traded at C$4.60 apiece on Thursday afternoon.