AQG alacer gold corp.
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News: Alacer maintains FY12 guidance

  1. FNN News
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    15/11/12
    11:18
    Post #: 11003572
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    Alacer Gold Corporation (ASX:AQG) says it remains on track to meet its 2012 full year production and cost guidance.


     


    CEO David Quinlivan says the gold producer maintained a strong third quarter balance sheet and saw improved production levels from its South Kalgoorlie operations in Western Australia.


     


    Alacer expects higher grade fourth quarter ore production from its West Australian Higginsville site as well as its Copler site in Turkey.


     


    The company is implementing cost cutting measures across its operations to improve its financial and operating performance moving forward.


     


    Alacer Gold achieved a net profit of $82.9 million in the 2011 calendar year. 

    AQG Price at posting: $4.72 Sentiment: None Disclosure: Held
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