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Last €1.84 EUR
Change Today +0.095 / 5.43%
Volume 1.8K
TQL On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
Frankfurt
As of 1:50 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

alacer gold corp (TQL) Snapshot

Open
€1.80
Previous Close
€1.75
Day High
€1.86
Day Low
€1.77
52 Week High
04/7/15 - €2.32
52 Week Low
11/6/14 - €1.24
Market Cap
536.5M
Average Volume 10 Days
2.4K
EPS TTM
--
Shares Outstanding
291.0M
EX-Date
02/11/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ALACER GOLD CORP (TQL)

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alacer gold corp (TQL) 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 (TQL) 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 (TQL) Key Developments

Alacer Gold Corp. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015

Alacer Gold Corp. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported cash flow from operating activities of $24.433 million compared to $17.176 million a year ago. Attributable net profit was $14.1 million, or $0.05 per basic and diluted share compared to attributable net profit of $9.13 million, or $0.03 per basic and diluted share a year ago. Gold sales were $64.138 million compared to $63.707 million a year ago. Total capital expenditures were $12.863 million compared to $5.820 million a year ago. Gold sales were slightly higher than second quarter of 2014, reflecting a 9% increase in ounces sold partly offset by a 7% decrease in the average realized gold price. Total cost of sales for second quarter of 2015 decreased 16% as compared to second quarter of 2014, mainly driven by lower production costs partly offset by higher DD&A. Production costs in second quarter of 2015 were lower than second quarter of 2014 due to higher contained ounces in mined oxide ore and lower royalties. DD&A costs in second quarter of 2015 were higher than second quarter of 2014 due to new assets placed in service during the second half of 2014. The net impact of higher gold revenues and lower production costs resulted in a mining gross profit increase of 26%. Profit before income tax was $22.184 million compared to $17.653 million a year ago. Total net profit was $19.212 million compared to $12.708 million a year ago. For the six months, the company reported cash flow from operating activities of $48.521 million compared to $51.266 million a year ago. Attributable net profit was $29.272 million, or $0.10 per basic and diluted share compared to attributable net profit of $18.827 million, or $0.06 per basic and diluted share a year ago. Gold sales were $125.954 million compared to $135.507 million a year ago. Total capital expenditures were $28.54 million compared to $10.465 million a year ago. Gold sales were 7% lower than year to date of 2014, primarily reflecting a 7% decrease in the average realized gold price. Total cost of sales for year to date of 2015 decreased 13% as compared to year to date of 2014, mainly driven by lower production costs partly offset by higher DD&A. Production costs year to date of 2015 were lower than year to date of 2014 due to lower mining costs and the impact of an increase in inventory of recoverable ounces on the heap leach pad. DD&A costs year to date of 2015 were higher than year to date of 2014 due to new assets placed in service during the second half of 2014. Mining gross profit year to date of 2015 of $58.0 million was in line with year to date of 2014 of $57.2 million. Profit before income tax was $41.446 million compared to $41.112 million a year ago. Total net profit was $41.022 million compared to $27.512 million a year ago. For the quarter, the company reported gold production of 53,757 ounces and attributable gold production of 43,006 ounces compared gold production of 49,795 ounces and attributable gold production of 39,836 ounces a year ago. Waste tonnes mined was 6,201,925 compared to 6,365,596 a year ago. Oxide ore mined was 1,813,797 tonnes against 1,558,392 tonnes a year ago. Oxide ore mined was 75,435 ounces against 71,656 ounces a year ago. Sulfide ore mined was 483,725 tonnes against 329,187 tonnes a year ago. Sulfide ore stockpiled was 45,641 ounces against 37,689 ounces a year ago. Oxide ore treated was 1,832,079 tonnes against 1,524,013 tonnes a year ago. Gold production was 8% higher than second quarter of 2014 due primarily to higher contained ounces in mined oxide ore during the period. For the six months, the company reported gold production of 104,706 ounces and attributable gold production of 83,765 ounces compared gold production of 102,714 ounces and attributable gold production of 82,171 ounces a year ago. Waste tonnes mined was 10,433,481 compared to 11,837,080 a year ago. Oxide ore mined was 3,543,220 tonnes against 2,976,783 tonnes a year ago. Oxide ore mined was 174,663 ounces against 139,992 ounces a year ago. Sulfide ore mined was 939,186 tonnes against 837,318 tonnes a year ago. Sulfide ore stockpiled was 86,116 ounces against 119,057 ounces a year ago. Oxide ore treated was 3,503,302 tonnes against 2,908,137 tonnes a year ago.

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.

 

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TQL

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Price/Earnings 7.8x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 4.3x
TEV/Sales 0.4x
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