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Last C$2.88 CAD
Change Today -0.105 / -3.52%
Volume 245.2K
As of 10:27 AM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

alacer gold corp (ASR) Snapshot

Open
C$2.91
Previous Close
C$2.98
Day High
C$2.98
Day Low
C$2.87
52 Week High
01/26/15 - C$3.11
52 Week Low
10/31/14 - C$1.77
Market Cap
836.5M
Average Volume 10 Days
1.1M
EPS TTM
C$0.24
Shares Outstanding
291.0M
EX-Date
02/11/15
P/E TM
9.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALACER GOLD CORP (ASR)

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alacer gold corp (ASR) Details

Alacer Gold Corp., an intermediate gold mining company, engages in the development, exploration, and production of gold in Turkey. It holds an 80% interest in the Çöpler gold mine located to the southwest of the city of Erzincan, Turkey. The company was formerly known as Anatolia Minerals Development Limited and changed its name to Alacer Gold Corp. in February 2011. Alacer Gold Corp. is based in Englewood, Colorado.

alacer gold corp (ASR) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $643.8K
Chief Financial Officer
Total Annual Compensation: $303.2K
Senior Vice President and Country Manager of ...
Total Annual Compensation: $509.2K
Senior Vice President of Strategic Projects
Total Annual Compensation: $300.0K
Vice President of Corporate Development & Inv...
Total Annual Compensation: $228.1K
Compensation as of Fiscal Year 2014.

alacer gold corp (ASR) Key Developments

Alacer Gold Corp. Presents at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, May-12-2015

Alacer Gold Corp. Presents at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, May-12-2015 . Venue: Hotel Arts, Barcelona, Spain. Speakers: Rodney P. Antal, Chief Executive Officer, President and Executive Director.

Alacer Gold Corp. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Revises Production Guidance for 2015 and Updates Capex Guidance for the Year 2015

Alacer Gold Corp. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $61,816,000 compared to $71,800,000 a year ago. Profit before income tax was $19,262,000 compared to $23,459,000 a year ago. Net profit attributable to owners of the corporation was $15,188,000 or $0.05 per diluted share compared to $9,699,000 or $0.03 per diluted share a year ago. Cash provided by operating activities was $21,810,000 against $14,804,000 a year ago. Mineral properties and equipment was $15,677,000 against $4,645,000 a year ago. Total material mined in first quarter of 2015 of 6.4 million tones included oxide ore, sulfide ore and waste, and was 1.0 million tones lower than first quarter of 2014. Overall mining rates were lower in first quarter of 2015 due to short-term mine plan changes. This was driven by the allocation of mining resources to the initial stage of the Heap Leach Pad Phase 4 construction. Full year mining rates are expected to increase in line with revised guidance. Oxide ore mined contained gold ounces increased 45% due to a 22% increase in oxide ore tones mined and a 19% increase in grade as a result of mining higher-grade material from the West and Marble pits. Sulfide ore tones mined in first quarter of 2015 were 10% lower than first quarter of 2014 as a result of mine plan sequencing. Gold production of 50,949 ounces was 4% lower than first quarter of 2014 due to colder winter weather in first quarter of 2015 as compared to first quarter of 2014 impacting heap leach kinetics. In March, the company announced an update to its mineral resources and reserves and gold recovery model after nearly a year of exhaustive technical work, which has led to a new optimized mine plan. The overall outcome was to sustain to in addition to the life-of-mine gold production of over 800,000 ounces. As a result, the company has changed its 2015 guidance. The company has increased its production guidance and decreased its cost guidance. The key changes included an increase in its gold production by 10,000 ounces to 190,000 to 210,000 ounces even with the lowest stacking rate of 6 million tonnes of ore to the heap leach pad. The company has updated the sulfide CapEx spend to $85 million to 2015 due to the timing of the spend. This has reduced its all-in costs by a $175 per ounce to $1,175 to $1,225 per ounce.

Alacer Gold Corp. Announces $250 Million Credit Facility

On April 27, Alacer Gold Corp. signed commitment letter with a syndicate of lenders for a $250 million senior secured credit facility with no mandatory hedging, a 7-year term and interest rates of LIBOR plus 2.5% to 2.95%.

 

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Industry Analysis

ASR

Industry Average

Valuation ASR Industry Range
Price/Earnings 9.4x
Price/Sales 2.3x
Price/Book 1.1x
Price/Cash Flow 5.2x
TEV/Sales 0.7x
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