Alacer Gold raises guidance at Çöpler mine in Turkey

Alacer Gold has lifted its 2013 guidance for its flagship mine in Turkey by 10% to between 214 000 oz and 218 000 oz of attributable gold output.

“Çöpler achieved record production in the third quarter of 81 059 oz and fourth quarter production remains strong," said CEO Rod Antal.

"Improvements in operating efficiencies, including increased levels of cyanide dosing and a focus on quality agglomeration, have increased production beyond expectations resulting in higher than forecasted gold production."

“Çöpler's performance reinforces our strategy to focus on this world-class asset and the surrounding area. Alacer has a large landholding in Turkey with 14 active exploration projects."

“Using the initial positive geochemical and drill results received to date, Alacer is intensifying its exploration focus in Turkey with the goal of discovering one or more oxide ore deposits that can be brought into production over the next three to four years."

Read the full release here.