At June 30, Alacer had produced 63,073 oz of gold from the oxide plant.
Oxide Revised Guidance 2018 oxide plant production guidance to between 110 000 oz and 130 000 oz, at a reduced all-in sustaining cost (AISC) of between $650/oz and $700/oz.
Oxide Previous Guidance The guidance for the oxide plant at the Çöpler mine, in Turkey, was previously between 70 000 oz and 90 000 oz, at an AISC of between $750/oz and $800/oz.
Reason for improvement The increased oxide gold production guidance is a result of successful in-pit exploration activities, which discovered about one-million tonnes of limestone-rich oxide material that can be added into the mining schedule.
Blending the limestock-rich material with stockpiled low sulphide, high carbonate ore provides an ore blend that can be efficiently processed on the heap leach pad, on which it is currently being stacked, stated the company.
Extensive testing culminating in full plant trials, which began in May, generated positive results – showing that the blended ore has good chemical, structural and permeability characteristics with gold recoveries of more than 60%
Sulphide Plant Production guidance from the sulphide plant remains unchanged at between 50 000 oz and 100 000 oz, with the construction of the plant remaining on schedule and under budget.
AQG Price at posting:
$2.59 Sentiment: Buy Disclosure: Held
