Alacer Gold warns of higher FY costs

Shares in miner Alacer Gold tumbled on the ASX on Wednesday as it warned that costs would increase by some $55/oz in the 2012 financial year. Alacer, which has a primary listing on the TSX, hiked its operating cost guidance to between $645/oz and...

Alacer hikes 2012 guidance on revised Çöpler schedule

ASX- and TSX-listed Alacer Gold has reported a 12% decline in gold production for the three months to March, as severe weather conditions in Turkey and equipment failures in Australia affected its operations. Gold production for the first quarter...

Alacer posts $75m profit for 2011

TSX- and ASX-listed Alacer Gold, the company formed out of the merger of Anatolia Minerals and Avoca Resources early last year, said it made $75-million in net profit in 2011, having produced a revised guidance-beating 411 933 oz of gold. On an...

Alacer to exceed production targets for 2011

Gold miner Alacer Gold on Wednesday said that it would likely exceed its production guidance of more than 400 0000 oz for 2011, as production from its Turkish and Australian operations increased. During the quarter ended September, Alacer...

Australian gold output rises 22% in September quarter

Australian gold production rose 22% year-on-year in the September quarter, industry consultants Surbiton Associates said on Sunday. Gold production almost matched that of the buoyant previous quarter at 67 t, or 2,2-million ounces and was 12 t...

Avoca gold output down 3,4% in Sept quarter

ASX-listed Avoca Resources, which is proposing a merger with Anatolia Minerals Development, on Monday reported lower September quarter gold production but said that it expected improved output in the December quarter. The company produced 64 783...

Value of WA-listed firms up A$22,5bn in FY2010 – Deloitte

The Deloitte Western Australian Index, which tracks the market capitalisation of Western Australia-listed companies, increased by 18,8%, or A$22,5-billion, in the year ended June, despite declines in the last three months of the financial year....

Avoca records record monthly gold output at South Kalgoorlie

Australian gold producer Avoca Resources has recorded a record monthly production of 12 222 oz at its South Kalgoorlie operations, in Western Australia. The total reconciled production for May was 93 429 t, at 4,4 g/t gold. The reconciled...

Australia’s 2009 gold output expected to increase

Australian gold production is expected to rise as new and redeveloped operations came into production, with for 2009 likely exceeding that of 2008. Industry consultants Surbiton Associates said that the biggest boost to production would come when...

Australia’s 2008 gold output may fall to lowest level since ’89

Australia's gold production increased by 3% to 56 tons in the September quarter, compared with the previous three-month period, although this was still the third-lowest quarterly output recorded by the country in the past 20 years, mining...

Company Announcement: Avoca Resources Acquires Two Boys Gold Mine

Attached please find a press release on: Avoca Resources Limited (Avoca) is pleased to announce that it has reached agreement with FMR Investments Pty Ltd (FMR), formerly known as Barminco Investments Pty Ltd, to acquire 100% of FMR’s Two Boys...

Nickel miner secures Aussie gold prospect

Australian Stock Exchange-listed nickel producer Mincor Resources on Tuesday announced the first step in its new growth and diversification strategy after completing preparations for the start of exploration on its 100%-owned Lake Cowan Gold...