Strong first quarter for Alacer

COLORADO-based Alacer Gold has reported higher production and lower costs from its four gold mines in its first full quarter as a company, formed through the merger of Australia’s Avoca Resources and Canada’s Anatolia Minerals.

Strong first quarter for Alacer Strong first quarter for Alacer Strong first quarter for Alacer Strong first quarter for Alacer Strong first quarter for Alacer

The company’s four mines in Australia and Turkey delivered 101,348 ounces of gold, up 11% on the previous quarter, at cash costs of $US542 per ounce.