Its exploration projects include Cevizlidere, Çöpler Sulfides, and Karakartal projects located in Turkey. Active, ClosedWhether an Organization is for profit or non-profitAuto-generated name of transaction (e.g. The mine is located in Erzincan Province. While SSR’s acquisition of Alacer will deliver some of those benefits, it also potentially introduces some unwanted complications.Some analysts are worried that SSR is taking on unnecessary new risk by diversifying out of the Americas and buying an asset in Turkey, which is seen as a much dicier mining jurisdiction.“It’s almost contrary to what attracted your SSR investor,” Chris Thompson, head of mining research at PI Financial, said in an interview.In the past few years, Mr. Thompson has been impressed by how much SSR has grown through smart acquisitions in North America, and its ability to grow its reserve base.
The all-share deal will combine Alacer's Copler Mine in Turkey with SSR Mining's three producing assets (two gold mines, and one silver mine).
The Corporation's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk, and therefore create maximum value for shareholders. 9635 Maroon Circle Suite 300 Englewood, CO 80112 United States. Alacer’s stock lost 3.9 per cent of its value to close at $7.87.SSR has a long history in Canada. SSR is paying 0.3246 of its shares for each Alacer share, equivalent to $8.19 a share, the same level Alacer closed at on Friday. If you would like to write a letter to the editor, please forward it to Welcome to The Globe and Mail’s comment community. Once a junior gold company focused solely on Turkey and known as Anatolia Minerals, Alacer came out of a … It is focused on two parts of exploration: the Copler District and Turkey Regional. The company is in the midst of completing a merger with Alacer Gold Corp. (ASR), and Graf says the combined entity will have strong cash flow and a solid balance sheet.
This is a space where subscribers can engage with each other and Globe staff. ... Alacer Gold Corp. OTC: ALIA.F $6.75 up $0.11
Geographically, it generates maximum revenue from the Turkey business unit. Alacer Gold Corp. is based in Englewood, Colorado. SaaS, Android, Cloud Computing, Medical Device)Where the organization is headquartered (e.g. Alacer’s chief asset is the Copler gold mine in Turkey.SSR is paying 0.3246 of its shares for each Alacer share, equivalent to $8.19 a share, the same level Alacer closed at on Friday.Michael Anglin retains his position as SSR’s chairman, while Alacer chief executive Rod Antal will assume that role at the combined company.
Read our Please log in to listen to this story. That means:Comments that violate our community guidelines will be removed.© Copyright 2020 The Globe and Mail Inc. All rights reserved. WhatsApp acquired by Facebook) This is a space where subscribers can engage with each other and Globe staff. Last weekend Alacer Gold Corp. (ASR.TO) processed the first oxide ore from the Copler gold deposit in Turkey using the new sulphide plant that the company has built there. Pessimistic? The Company operates in Turkey. SSR’s head office will move from Vancouver to Denver; Vancouver will retain a branch office.With the acquisition, SSR is expected to produce about 780,000 ounces of gold, not quite the rarefied air of the million ounce-plus producers, but enough production to distance itself from a horde of smaller producers.The company hopes to benefit from increased trading liquidity, garner more analyst coverage and ultimately attract large investors.“The new SSR significantly improves scale and liquidity for both sets of shareholders," Paul Benson, outgoing CEO of SSR, said in a conference call with analysts.“We’re very excited to be creating a larger, more globally relevant gold company.”For years, large institutional money managers, such as Joe Foster with Van Eck Associates Corp. have called for increased consolidation in the gold industry, arguing that there are far too many small companies chasing a diminishing pool of capital.By teaming up, companies can also reduce general and administrative (G&A) expenses, by closing head offices and paying less in executive compensation. var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?
About Alacer Gold Corp Alacer Gold Corporation explores for gold. Alacer is a leading intermediate gold mining company with an 80% interest in the world-class Çöpler Gold Mine in Turkey.
Human Resources Specialist at Alacer Gold Corp. Selamiali Mah., İstanbul Province, Turkey 500+ bağlantı No, realistic Due to technical reasons, we have temporarily removed commenting from our articles. This translation has been automatically generated and has not been verified for accuracy. Alacer Gold Corp., an intermediate gold mining company, engages in the exploration and production of gold in Australia and Turkey. The combined company would be estimated to produce an average of 780,000 gold equivalent ounces.
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