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General Information

Alacer Gold Corp
AQG
http://www.alacergold.com
Gold
210
74

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$2.82 $2.81 $2.84 $2.79 $2.84 66825 $0.02 ( 0.70% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
23/04/2015
2

Company Overview

Business Description
Alacer Gold Corp (AQG) is mid-tier gold producer with a globally diversified asset portfolio, including interests in multiple operating mines which feed three regional processing facilities in Australia and 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 0.0% 0.0 0.0 0.0% 0.0%
2015 F 0.0 5.6 -79.6% 50.4 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) $208M -0.0216 -0.7967 0.0000 10.1812 50.0891 0.0000 0.00% 0.00% 0.00%
Newcrest Mining (NCM) $10,808M -0.0429 0.0172 0.6409 25.0177 24.5945 14.9888 0.00% 0.00% 0.00%
Northern Star Resources (NST) $1,327M 0.2151 2.2157 0.5599 27.9302 8.6855 5.5680 1.56% 2.68% 4.53%
OceanaGold (OGC) $734M 0.0000 -0.4252 -0.1760 5.5138 9.5918 11.6402 2.02% 1.06% 1.06%
OZ Minerals (OZL) $1,308M 0.0000 0.4041 0.4275 31.4369 22.3896 15.6841 2.32% 0.62% 0.62%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 2.52 13.70 1.15 10.00
Market 0.91 16.80 1.31 2.35
Sector 0.60 13.70 0.69 1.26

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
Howard Stevenson President, Chief Operating Officer
Mark E Murchison Chief Financial Officer
Michael Sparks General Counsel - Corporate,Company Secretary

Substantial Shareholders

Holding Name
57,556,147 (19.83%) Pala Investments Holding Ltd

Calendar of Events

Date Event
27 October 2015 Report (Quarterly)
29 July 2015 Report (Quarterly)
25 May 2015 Report (Annual)
28 April 2015 Report (Quarterly)
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