Alacer Responds to Market Activity

TORONTO, Sept. 18, 2014 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] announced today that the Corporation acknowledges that it has been approached by third-parties on a preliminary basis regarding potential corporate transactions and the Corporation is not currently involved in any third-party discussions.  Although approached from time to time by third parties, the Corporation has no current intention of pursuing any corporate transaction.  The Corporation does not intend to comment further upon any potential corporate transaction unless and until it deems further disclosure is appropriate or required.

About Alacer

Alacer Gold Corp. is a leading intermediate gold mining company and its world-class operation is the 80% owned Çöpler Gold Mine in Turkey. During 2014, Çöpler is forecast to produce 160,000 to 180,000 attributable[1] ounces at All-in Costs[2] of $730 to $780 per ounce. Çöpler's oxide ore is currently being processed in a conventional crush, agglomeration, heap-leach and gold recovery circuit.

The June 2014 Sulfide Definitive Feasibility Study demonstrated robust financial returns from processing sulfide ore and extended Çöpler's mine life to 20 years. Subject to Board approval to construct the sulfide project, from July 2014, Çöpler is forecast to produce a further 3.2 million ounces of gold at low All-in Costs2 averaging $810 per ounce over the life of the mine.

Alacer has numerous high-potential exploration projects in Turkey in various joint ventures with our Turkish partner Lidya Mining.

Alacer's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk, and create value for shareholders.

Cautionary Statements

This news release may contain forward-looking statements including but not limited to comments regarding potential corporate transactions. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

---------------------------------------------------
[1] Attributable gold production is reduced by the 20% non-controlling interest at the Çöpler Gold Mine.
[2] All-in Costs/ounce is a non-IFRS financial performance measure with no standardized definition under IFRS. For further information and detailed reconciliation, see the "Non-IFRS Measures" section of the MD&A for June 30, 2014.

SOURCE: Alacer Gold Corp.

For further information: on Alacer Gold Corp., please contact: Rod Antal - Chief Executive Officer at 1-303-292-1299

Profil de l'entreprise

Alacer Gold Corp.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.