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ALACER GOLD ACHIEVES COMMERCIAL PRODUCTION AT ITS ÇÖPLER MINE
Published : April 11, 2011
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TORONTO, April 11 /CNW/ - Alacer Gold Corp ("Alacer" or the "Corporation") (TSX: ASR) is pleased to announce commercial production has been achieved effective April 1, 2011 at its Çöpler Gold Mine in Turkey, after a review of the operational and financial performance of the mine.

Alacer began stacking run-of-mine ore at Çöpler during the fourth quarter 2010, with the first gold pour achieved on December 22, 2010. For the first quarter 2011, the mine stacked a total of 1,695,816 tonnes of run-of-mine ore on the leach pad at an average grade of 1.23 g/t containing 66,935 ounces. An average of 18,842 tonnes/day was stacked during the quarter with an average of 21,061 tonnes/day stacked in March 2011.

The gold recovery plant delivered 31,401 ounces of gold to carbon in the first quarter, including over 17,253 ounces in March 2011. Gold poured for the quarter was 33,602 ounces, before final refinery settlements. Gold sold from Çöpler in the first quarter 2011 was 31,450 ounces at an average price of $1,403 per ounce.

Edward Dowling, CEO of Alacer stated, "We are extremely pleased by the performance at Çöpler during its first full quarter of operations. Mining rates are stable and recoveries from the run-of-mine ore are encouraging with production in March exceeding average life-of-mine plans. The startup of the crushing circuit will occur during the second quarter. The mine should benefit from incrementally improved gold recovery levels and rates from crushed and agglomerated ores."

About Alacer

Alacer is a leading intermediate gold company with operations in both Australia and Turkey.

Australia
Alacer has three operating gold mines in Australia, namely the Higginsville and South Kalgoorlie operations; and a 49% interest in the Frog's Leg underground mine. The South Kalgoorlie operations and the Frog's Leg interest were acquired following the successful takeover of Dioro Exploration NL, which was completed in March 2010. In the financial year ended June 2010, production was 230,000 ounces of gold, of which 183,000 ounces were produced at Higginsville at A$503 per ounce (excluding royalties) with the balance produced at South Kalgoorlie which included the 49% interest in Frog's Leg. The Australian operations are targeting 280,000 ounces of gold in 2011.

Turkey
Alacer is recognized as a leader in exploration and development in Turkey and, with the start-up of Çöpler, will soon be among Turkey's leading gold producers. Çöpler is 95% owned by Alacer and 5% by Lidya Mining (formerly known as Çalık Mining, see Anatolia News Release, August 13, 2009). Initial plans at Çöpler are to produce approximately 1.42 million leachable ounces of gold at costs consistent with the lower end of industry standards. Average annual production is expected to be about 175,000 gold ounces. Additional production expansion from the sulfide gold reserve is expected to add 2.25 million ounces. A detailed feasibility study is underway. In addition, Alacer holds a significant pipeline of prospective gold and base metal projects.

Alacer Gold currently has 276.4 million common shares issued and outstanding, 297.2 million fully diluted.

Cautionary Statements

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Alacer's public filings, Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to proposed exploration, communications with local stakeholders and community relations, status of negotiations of joint ventures, commodity prices, mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates, the timing and amount of future production, the timing of construction of proposed mine and process facilities, capital and operating expenditures, economic conditions, availability of sufficient financing, exploration plans and any and all other timing, exploration, development, operational, financial, economic, legal, social, regulatory, political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other Alacer filings, and include exploration results and the ability to explore, the ultimate determination of mineral reserves, availability and final receipt of required approvals, titles, licenses and permits, sufficient working capital to develop and operate the proposed mine, access to adequate services and supplies, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and associated cost of funds, availability of a qualified work force, ability to negotiate, finalize and execute relevant agreements, lack of social opposition to the mine, lack of legal challenges with respect to the property or the Company and the ultimate ability to mine, process and sell mineral products on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Alacer filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Alacer does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

For further information:

Edward Dowling, President and CEO, or Douglas Tobler, CFO at (303) 292-1299 or visit www.alacergold.com

Alacer Gold Corp.

PRODUCTEUR
CODE : ASR.TO
ISIN : CA0329001022
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Alacer Gold est une société de production minière d'or basée aux Etats-Unis D'Amerique.

Alacer Gold est productrice d'or, d'argent et de cuivre en Australie et en Turquie, et détient divers projets d'exploration en Australie et en Turquie.

Ses principaux projets en production sont HIGGINSVILLE - CHALICE, SOUTH KALGOORLIE GOLD MINE, HIGGINSVILLE - TRIDENT, TRIDENT GOLD MINE, HIGGINSVILLE - PALAEOCHANNELS et HIGGINSVILLE - FAIRPLAY en Australie et ÇÖPLER GOLD PROJECT en Turquie et ses principaux projets en exploration sont MT FISHER au Canada, KARAGOZ, BURSA EAST, TORUL, BAYBURT, KEN-FOL, IKIZTEPE - SARP, ARTVIN, KARAKARTAL, CEVIZLIDERE et YENIPAZAR en Turquie et MT ZEPHYR, MUNGARI et YERILLA PROJECT en Australie.

Alacer Gold est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,9 millions CA$ (5,5 millions US$, 3,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 septembre 2009 à 0,02 CA$, et son plus haut niveau récent le 21 octobre 2011 à 9,99 CA$.

Alacer Gold possède 292 850 016 actions en circulation.

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Rapports annuels de Alacer Gold Corp.
2007 Annual report
Financements de Alacer Gold Corp.
22/05/2011ANNOUNCES AMENDMENT TO PROPOSED RESTRICTED STOCK UNIT PLANS
Nominations de Alacer Gold Corp.
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30/06/2014announces changes to its Board of Directors
10/09/2013Announces changes to the Board of Directors
02/10/2011Chief Strategic Officer Rohan Williams steps down
11/08/2011Chief Financial Officer To Depart
21/04/2011TurkPower Corporation Appoints James Davidson to Its Board o...
20/02/2008Appoints Edward C. Dowling Jr. as New President and Chief Ex...
Rapports Financiers de Alacer Gold Corp.
27/07/2015Announces Second Quarter 2015 Operating and Financial Result...
28/04/2014announces 2014 first quarter results
13/03/2013announces 2012 year-end financial results
01/11/2012Announces Third Quarter 2012 Financial Statements and Relate...
12/05/2011FILES FIRST QUARTER FINANCIAL RESULTS AND THE RELATED MANAGE...
06/05/2011ANNOUNCES 2011 FIRST QUARTER FINANCIAL RESULTS RELEASE DATE ...
29/04/2011ANNOUNCES FIRST QUARTER OPERATING RESULTS
Projets de Alacer Gold Corp.
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23/09/2013announces a 15% increase in 2013 production guidance at Çöpl...
17/01/2013achieves strongest quarterly production of the year of 103,4...
23/10/2012announces attributable gold production of 90,951 ounces for ...
01/06/2011(Çöpler Gold Project)ANNOUNCES SIGNFICANT EXTENSION TO SULFIDE MINERALIZATION AT ...
11/04/2011(Çöpler Gold Project)ACHIEVES COMMERCIAL PRODUCTION AT ITS ÇÖPLER MINE
29/03/2011(Çöpler Gold Project)REPORTS POSITIVE SULFIDE PREFEASIBILITY STUDY AND INCREASES ...
23/09/2008(Çöpler Gold Project)Commences Çöpler Gold Mine Construction
25/08/2008(Çöpler Gold Project)MANDATES LEAD ARRANGER FOR SENIOR PROJECT FINANCING
19/08/2008(Çöpler Gold Project)RECEIVES ÇÖPLER FORESTRY PERMIT
11/08/2008(Çöpler Gold Project)PROVIDES ÇÖPLER GOLD PROJECT UPDATE
20/05/2008(Çöpler Gold Project)OUTLINES STRATEGY FOR ÇÖPLER MINE DEVELOPMENT
16/04/2008(Çöpler Gold Project)Approved for Anatolia's Copler Gold Project
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21/12/2007 POSITIVE SCOPING STUDY FOR 2.3 MILLION OUNCES OF ÇÖPLER GOL...
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Communiqués de Presse de Alacer Gold Corp.
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07/07/20162016 07 07 Q2 Earnings Conference Call Details
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24/06/2016Alacer Gold Continues to De-Risk Sulfide Project with Execut...
17/06/2016Alacer Gold Signs $350 Million Project Finance Facility
02/06/2016Alacer Gold Announces Appointment of Chief Operating Officer
27/05/2016Voting Results
26/05/2016Alacer Gold Announces Results of Annual and Special Meeting ...
12/05/20162016 12 05 Q1 2016 Earnings Release FINAL
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12/05/2016Alacer Gold Announces Çöpler Sulfide Project Approval
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20/04/2016Alacer Gold Receives Approval of Numerous Land Use Permits f...
20/04/20162016 04 20 Receipt of Final LUP - FINAL2
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31/03/2016Appendix to Exploration Announcement
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25/01/2016Alacer Gold Announces 2015 Year-end Operating & Financial Re...
25/01/2016Alacer Gold announces 2015 year-end operating and financial ...
15/01/2016Alacer Gold Meets 2015 Production Guidance, Provides 2016 Gu...
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25/10/2015Alacer Gold Announces Third Quarter 2015 Operating and Finan...
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30/03/2015Appendix 1 - JORC Code Table 1
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12/01/2015Alacer Gold Announces Çöpler Sulfide Project Development Tea...
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28/12/2014Alacer Gold Receives Approval of the Environmental Impact As...
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15/12/2014Alacer Gold Commissions Chemical Facility with SART Plant Se...
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15/04/2014announces release date for first quarter 2014 financial resu...
12/03/2014announces 2013 year-end financial results and declares annua...
24/02/2014announces results of exploration in Turkey
27/01/2014announces President Howard Stevenson to resign
04/11/2013to pursue POX as sulfide ore processing method
24/10/2013Announces Approval of Australian Business Unit Sale
16/10/2013announces release date for third quarter 2013 financial resu...
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12/06/2013announces decision to pursue sale of Australian assets
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10/02/2013announces completion of major strategic review
13/11/2012announces updated North American conference call time and di...
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10/09/2012Çöpler Resource estimate increases by 27% or 2.2 million oun...
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04/07/2011RECEIVES ASX LISTING RULE WAIVERS
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