TORONTO, Jan. 27, 2014 /CNW/ - Alacer Gold Corp. ( "Alacer" or the "Company") [TSX: ASR and ASX: AQG] today announced that Howard Stevenson, the Company's President and Chief Operating Officer, has accepted a Chief Executive Officer position with another company. Mr. Stevenson's last day with the Company has not yet been determined, but Mr. Stevenson will remain with the Company during a transition period and will assist in finalizing the Çöpler sulfide Definitive Feasibility Study for Board consideration.
Rod Antal, CEO of Alacer, stated "While we are disappointed to see Howard leave Alacer, we are excited for him in his new opportunity as CEO. On behalf of the Board and the entire Alacer team, we thank Howard for his significant contributions to Alacer over the years, including bringing the Çöpler Mine into production."
Alacer Gold Corp. is a leading intermediate gold mining company and its world-class operation is the 80% owned Çöpler Gold Mine in Turkey. Alacer also has 14 active exploration projects in Turkey which are 50%/50% joint ventures with our Turkish partner Lidya Mining.During 2013, Çöpler is forecast to produce 268,000 to 272,000 ounces of gold at Total Cash Costs 1 of less than $425 per ounce. Çöpler is currently an open-pit, heap-leach operation that is producing gold from oxide ore. The treatment of sulfide ore via pressure oxidation is being evaluated and a Definitive Feasibility Study is planned to be completed by June 2014. Cautionary Statements Except for statements of historical fact relating to Alacer, certain statements contained in this press release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.