Alacer Gold Corp rebounds to H1 profit

Company News

Alacer Gold Corp (ASX:AQG, TSX:ASR) has rebounded to a first half net profit and confirmed its full year production guidance. 
 
The Canadian based gold miner reported an interim net profit of $US18.8 million, from a loss of almost $US430 million the year before. 

CEO Rod Antal says the company achieved another solid performance from the Çöpler Gold Mine in Turkey and expects production to be higher in the second half.

Alacer holds an 80 per cent stake in Çöpler which is forecast to produce between 160,000 to 180,000 attributable ounces at all-in costs of $US730 to $US780 per ounce this year. 

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