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Alacer Gold

Title: Alacer Gold
Category: Mining
Clicks: 17
Added on: Jun 16, 2012
PageRank:
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Alacer Gold is an intermediary gold explorer and producer with a diversified portfolio of assets in Turkey and Australia. The company’s gold reserves presently total 5.9 million ounces, and it is listed on the Toronto Stock Exchange under the ticker symbol ASR. Its main competitors are Newmont Mining Corporation, Inmet Mining Corporation, and Eldorado Gold Corporation, among others.

The company was established with the merger of Avoca Resources Limited and Anatolia Minerals Development. The merger took place in 2011. At present, Alacer Gold has a portfolio of long-life, large mining sites, along with exploration and development projects.

The Higginsville Gold Operation is 100 percent-owned by Alacer Gold and situated in the Eastern Goldfields region, Australia. The mining site contains god deposits, and many of them are mined at the surface. Few deposits were explored extensively until the Trident Gold Deposit. The processing plant at Higginsville treats ore from two locations. One is an open pit mine where production started in 2011, and the other is an underground mine which has been producing since 2007. At the Trident Gold Deposit, the main mining method used is sublevel open stoping. Maximum recovery is achieved by backfilling stopes with paste so that there is no need for pillars. The South Kalgoorlie Operation is 100 percent-owned by Alacer Gold and situated south of Kalgoorlie, Australia. It contains a number of gold deposits found in sedimentary and ultramafic schists and rocks. The Jubilee processing plant processes ore and has a throughput capacity of 1.2 Mtpa.

The Frog’s Leg Mine is jointly owned by La Mancha Resources (51 percent) and Alacer Gold (49 percent). The former is the operator of the mining site, which is found west of Kalgoorlie. The share of ore of Alacer Gold is transported to the South Kalgoorlie Operation, and processing takes place at the Jubilee processing facility. Alacer Gold also operates the Çöpler Gold Mine in Turkey, which is an open pit mine, owned by the company (95 percent), and Lydia Maden (5 percent). The mine is found southwest of Erzincan and east of Ankara in Turkey.
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