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General Information

Alacer Gold Corp
AQG
http://www.alacergold.com
Gold
219
73

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$2.99 $2.97 $2.99 $2.93 $3.01 37604 $0.02 ( 0.66% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
25/05/2015
2

Company Overview

Business Description
Alacer Gold Corp (AQG) is an intermediate gold mining company, with an 80% interest in Çopler Gold Mine in Turkey.
Strategy Analysis
AQG is a gold exploration and production company. Within this, the company has operations in Turkey whereby the mine, Copler, has had a ramp up in production towards 37,000oz. Complementing this has been the mines operating costs decreasing by $126/oz to $259/oz. On the domestic front, the company’s Higginsville operation has surpassed its 500,000 oz milestone and the company aims to consolidate this with a production target of 155koz @ $795/oz operating costs. It is said to be on target towards achieving the targeted 1.5Mtpa @ 4.5g/t. Alacer Gold Corp announced that it has filed its financial results and related management's discussion and analysis for the year ended December 31, 2012. The company's 2012 attributable net profit pre-impairment and other write-downs was $118.6m ($0.42/share). Cash generated by operating activities totalled $238.9m during the year and the company's cash balance at the end of 2012 increased to $277.3m. The company's attributable gold production totalled 381,738oz for 2012. In Turkey, Copler continues to provide significant free cash flow at an average total cash cost of $375/oz. In Australia, various initiatives to increase free cash flow will continue at both Higginsville and South Kalgoorlie operations.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 0.1 -98.8% 2,736.4 0.0 0.0% 0.0%
2015 F 0.0 9.4 -66.1% 32.2 0.0 0.0% 0.0%
2014 A 110.6 27.6 -2.2% 9.1 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Alacer Gold (AQG) $213M -0.0216 -0.6620 -0.9904 10.6159 31.4041 3,255.5556 0.00% 0.00% 0.00%
Evolution Mining (EVN) $842M -0.2670 0.5528 0.5307 14.7613 9.5065 6.2104 1.70% 1.66% 2.03%
Newcrest Mining (NCM) $11,122M -0.0429 0.1317 0.5579 25.7452 22.7501 14.6035 0.00% 0.00% 0.00%
Northern Star Resources (NST) $1,315M 0.2151 2.1496 0.5728 27.6808 8.7886 5.5877 1.58% 2.70% 4.57%
OceanaGold (OGC) $908M 0.0000 -0.2153 -0.3052 6.8125 8.6818 12.4948 0.00% 0.85% 0.85%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 3.00 14.90 1.22 0.00
Market 1.03 17.10 1.34 1.57
Sector 0.78 13.50 0.70 0.46

Directors

Name Position Start Date
Mr Rodney (Rod) P Antal Chief Executive Officer, Executive Director 13/08/2013
Mr Richard P Graff Non-Executive Director 24/07/2008
Mr Thomas R Bates, Jr Non-Executive Director 17/04/2014
Ms Anna Kolonchina Non-Executive Director 15/09/2014
Mr Alan Krusi Non-Executive Director 15/09/2014
Mr Edward C Dowling, Jr Non-Executive Director, Non-Executive Chairman 20/02/2008

Management

Name Position
Mark E. Murchison Chief Financial Officer
Michael Sparks General Counsel - Corporate,Company Secretary
John M. LeRoux Senior Vice President & Country Manager
Robert D. Benbow Senior Vice President Strategic Projects
Roy Kim Vice President Corporate Development and Investor Relations

Substantial Shareholders

Holding Name
49,260,947 (16.90%) Pala Investments Holding Ltd
33,444,993 (11.50%) Van Eck Associates Corporation
20,572,179 (7.10%) Perpetual Investments

Calendar of Events

Date Event
06 May 2016 Report (Annual)
26 April 2016 Report (Quarterly)
27 October 2015 Report (Quarterly)
29 July 2015 Report (Quarterly)
10 June 2015 AGM
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