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Business Description: Alacer Gold Corp (AQG) is mid-tier gold producer with a globally diversified asset portfolio, including interests in multiple operating mines which feed three regional processing facilities in Australia and Turkey.
Strategy Analysis: AQG is a gold exploration and production company. Within this, the company has operations in Turkey whereby the mine, Copler, has had a ramp up in production towards 37,000oz. Complementing this has been the mines operating costs decreasing by $126/oz to $259/oz. On the domestic front, the companyâ€™s Higginsville operation has surpassed its 500,000 oz milestone and the company aims to consolidate this with a production target of 155koz @ $795/oz operating costs. It is said to be on target towards achieving the targeted 1.5Mtpa @ 4.5g/t.
Alacer Gold Corp announced that it has filed its financial results and related management's discussion and analysis for the year ended December 31, 2012. The company's 2012 attributable net profit pre-impairment and other write-downs was $118.6m ($0.42/share). Cash generated by operating activities totalled $238.9m during the year and the company's cash balance at the end of 2012 increased to $277.3m. The company's attributable gold production totalled 381,738oz for 2012. In Turkey, Copler continues to provide significant free cash flow at an average total cash cost of $375/oz. In Australia, various initiatives to increase free cash flow will continue at both Higginsville and South Kalgoorlie operations.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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