Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Alacer Gold Corp    ASR   CA0106791084

ALACER GOLD CORP

(ASR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Alacer Gold : Announces Results of Annual & Special Meeting of Shareholders

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2019 | 05:44pm EDT

ALACER GOLD ANNOUNCES RESULTS OF ANNUAL AND

SPECIAL MEETING OF SHAREHOLDERS

June 14, 2019, Toronto: Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] is pleased to announce the results of its 2019 Annual and Special Meeting of Shareholders (the "Meeting") held on June 14, 2019 in Denver, Colorado.

All matters presented for approval at the Meeting by management were duly authorized and approved, as follows:

  1. Election of director nominees, listed in the Corporation's Management Information Circular dated April 30, 2019, to the board of directors of the Corporation;
  1. Appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as auditors of the Corporation for the ensuing fiscal year and authorization of the directors to fix their remuneration;
  1. Approval and ratification, on an advisory basis, of the Corporation's approach to executive compensation.

Detailed voting results (according to proxies received and a vote by show of hands) regarding the election of directors are as follows:

Director

Vote Type

Number of Shares

Percentage of Votes Cast

Rodney P. Antal

Votes For:

194,654,108

99.59%

Votes Withheld:

800,428

0.41%

Thomas R. Bates, Jr.

Votes For:

179,822,066

92.00%

Votes Withheld:

15,632,470

8.00%

Edward C. Dowling, Jr.

Votes For:

188,075,546

96.22%

Votes Withheld:

7,378,990

3.78%

Richard P. Graff

Votes For:

193,167,832

98.83%

Votes Withheld:

2,286,704

1.17%

Anna Kolonchina

Votes For:

193,976,163

99.24%

Votes Withheld:

1,478,373

0.76%

Alan P. Krusi

Votes For:

188,584,496

96.49%

Votes Withheld:

6,870,040

3.51%

Further details on the above matters are set forth in the Corporation's meeting materials, including the Corporation's Management Information Circular dated April 30, 2019, accessible under the Corporation's issuer profile on SEDAR at www.sedar.com. The Corporation has also filed a report of voting results on all resolutions voted on at the Meeting on SEDAR at www.sedar.com.

About Alacer

Alacer is a leading low-cost intermediate gold producer, with an 80% interest in the world-class Çöpler Gold Mine ("Çöpler") in Turkey operated by Anagold Madencilik Sanayi ve Ticaret A.S. ("Anagold"), and the remaining 20% owned by Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya Mining"). The Corporation's primary focus is to leverage its cornerstone Çöpler Gold Mine and strong balance sheet as foundations to continue its organic multi-mine growth strategy, maximize free cash flow and therefore

Page 1 of 3

create maximum value for shareholders. The Çöpler Gold Mine is located in east-central Turkey in the Erzincan Province, approximately 1,100 kilometers ("km") east from Istanbul and 550 km east from Ankara, Turkey's capital city.

Alacer continues to pursue opportunities to further expand its current operating base to become a sustainable multi-mine producer with a focus on Turkey. The Çöpler Mine is processing ore through two producing plants. With the recent completion of the sulfide plant, the Çöpler Mine will produce over 3.5 million ounces at first quartile All-in Sustaining Costs, generating robust free cash flow for approximately the next 20 years.

The systematic and focused exploration efforts in the Çöpler District have been successful as evidenced by the newly discovered Ardich deposit. The Çöpler District remains the focus, with the goal of continuing to grow oxide resources that will deliver production utilizing the existing Çöpler infrastructure. In the other regions of Turkey, targeted exploration work continues, including the Prefeasibility Study and ongoing work on the technical studies for the Gediktepe Project.

Alacer is a Canadian company incorporated in the Yukon Territory with its primary listing on the Toronto Stock Exchange. The Corporation also has a secondary listing on the Australian Securities Exchange where CHESS Depositary Interests ("CDIs") trade.

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain statements contained in this press 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 be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning Alacer's 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.

Forward-looking information includes statements concerning, among other things, preliminary cost reporting in this document; production, cost, and capital expenditure guidance; the ability to expand the current heap leach pad; the results of any gold reconciliations; the ability to discover additional oxide gold ore; the generation of free cash flow and payment of dividends; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; negotiations of joint ventures; negotiation and completion of transactions; commodity prices; mineral resources, mineral reserves, realization of mineral reserves, and the existence or realization of mineral resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.

Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of Alacer's filings, and include the inherent speculative nature of exploration results; the ability to explore; communications with local stakeholders; maintaining community and governmental relations; status of negotiations of joint ventures; weather conditions at Alacer's operations; commodity prices; the ultimate determination of and realization of mineral reserves; existence or realization of mineral resources; the development approach; availability and receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; 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 mines or facilities; lack of legal challenges with respect to the property of Alacer; the timing and amount of future production; the ability to meet production, cost, and capital expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While we

Page 2 of 3

consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in Alacer's filings on the Company's website at www.alacergold.com, on SEDAR at www.sedar.com and on the ASX at www.asx.com.au, 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 on Alacer Gold Corp., please contact:

Lisa Maestas - Director, Investor Relations at +1-303-292-1299

Page 3 of 3

Disclaimer

Alacer Gold Corp. published this content on 14 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2019 21:43:03 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALACER GOLD CORP
06/14ALACER GOLD : Announces Results of Annual & Special Meeting of Shareholders
PU
06/14ALACER GOLD : Announces Results of Annual and Special Meeting of Shareholders
AQ
06/14ALACER GOLD : Declares Commercial Production at the Copler Sulfide Plant and Inc..
AQ
06/13ALACER GOLD : Declares Commercial Production at the Çöpler Sulfide Plant & Incre..
PU
06/13ALACER GOLD : Declares Commercial Production at the Çöpler Sulfide Plant and Inc..
AQ
04/30ALACER GOLD : Announces First Quarter 2019 Results With Normalized Earnings Per ..
AQ
04/10ALACER GOLD : Announces Release Date for First Quarter 2019 Operational and Fina..
AQ
04/03ALACER GOLD : Supporting Information for the Updated Prefeasibility Study for th..
PU
04/03ALACER GOLD : Supporting Information for Ardich Mineral Resource
PU
04/03ALACER GOLD : Announces a 117% Increase to the Ardich Indicated Mineral Resource..
AQ
More news
Financials ($)
Sales 2019 395 M
EBIT 2019 148 M
Net income 2019 90,3 M
Debt 2019 115 M
Yield 2019 -
P/E ratio 2019 10,90
P/E ratio 2020 9,32
EV / Sales 2019 2,85x
EV / Sales 2020 2,03x
Capitalization 1 013 M
Chart ALACER GOLD CORP
Duration : Period :
Alacer Gold Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALACER GOLD CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 3,47 $
Spread / Average Target 0,67%
EPS Revisions
Managers
NameTitle
Rodney P. Antal President, CEO & Executive Director
Edward C. Dowling Chairman
Stewart Beckman Chief Operating Officer
Mark E. Murchison Chief Financial Officer
Richard P. Graff Lead Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ALACER GOLD CORP80.16%1 013
NEWMONT MINING CORPORATION10.94%31 097
BARRICK GOLD CORP14.38%28 049
NEWCREST MINING LIMITED48.17%17 278
SHANDONG GOLD MINING47.11%13 043
POLYUS PAO--.--%12 600