Alacer Gold Corp. Provides Production Guidance for the Year 2019; Declares Commercial Production at the Çöpler Sulfide Plant
The company reported that commercial production has been achieved at its Çöpler sulfide plant, effective May 31, 2019. In declaring commercial production, the Company evaluated several measures including throughput, gold recovery rate, production, costs and overall sulfide plant reliability. During May, the sulfide plant operated at design for the sulfide sulfur processed and averaged a throughput rate of over 80%. Gold recovery was ~93%, plant utilization was ~85%, and over 22,000 ounces of gold were recovered with processing costs in line with expectations. Overriding these measures was the assessment that the sulfide plant is operating consistently and sustainably as it continues to steadily ramp up.