Dual-listed Alacer Gold produced 53,728 ounces of gold from its Copler mine in Turkey in the September quarter, or 42,982oz attributable to the company.

Total cash costs per ounce were $US517 an ounce, while all-in sustaining costs were $672/oz.

The company is on track to meet its full-year cost and production guidance.

Alacer had cash and cash equivalents of $368.8 million at the end of September, with cashflow from operating activities of $32.7 million for the quarter.

Red 5 has boosted production from the Siana mine in the Philippines in the September quarter.

Gold production increased from 11,007oz to 17,737oz, while AISC dropped to $A1389/oz from $1849/oz.

Gold sales were $23.8 million and earnings before interest, tax, depreciation and amortisation from operations was $13.1 million.

The company had $8.2 million cash and expects to produce 10,000-12,000oz gold in the current quarter.

Straits Resources’ Tritton copper mine in New South Wales produced 7183 tonnes of copper in the September quarter, slightly up on June.

The plant was out of action for six days due to a crusher failure in September.

C1 costs were $2.39 per pound, down from $2.61/lb, while total production costs dropped to $2.24/lb from $3.41/lb.

Finally, Lucapa Diamond Company recovered 45 special diamonds from its Lulo concession in Angola during the quarter.

Four of the diamonds weighed more than 50 carats.

 

The company sold two parcels of diamonds during the quarter, weighing 4181 carats for revenue of $6.1 million.