Alacer: On Track To Meet Lower End Of Guidance
Alacer Gold Corp. (TSX: ASR; ASX: AQG) reports third-quarter gold production of26,160 ounces from the ????pler Gold Mine in Turkey. “The company expects to meetthe lower end of the full-year consolidated production guidance of 160,000 to230,000 ounces,” Alacer says. Alacer is 80% owner of the ????pler Gold Mine.
By Allen Sykoraof Kitco News; asykora@kitco.com
Coeur Mining Completes Acquisition ofNorthern Empire Resources
Thursday October 4, 2018 08:30
Coeur Mining, Inc. (NYSE: CDE) says it has completed theacquisition of Northern Empire Resources Corp. (TSXV: NM). The deal, announced in August,valued Northern Empire at $90 million. “The acquisition of Northern Empirerepresents a unique opportunity for Coeur to bolster its development pipelinewith high-quality growth projects and is strongly aligned with our strategy todeliver low-cost production and growth in top jurisdictions,” said Mitchell J.Krebs, Coeur’s president and chief executive officer. Northern Empire’sprincipal asset is the Sterling gold project In Nevada. This is apast-producing mine with all major permits in hand. Coeur already has the Rochester Mine inNevada. “Restarting the Sterling open-pit mine will allow us to add near-term,high-margin production and cash flow with minimal expected upfront capital,while the significant exploration potential at the Crown Block offers theopportunity for a second, larger future operation that can create significant,long-term stockholder value,” Krebs says.
By Allen Sykoraof Kitco News; asykora@kitco.com
Pretium Resources Gets Commitment For New $480 Million DebtFacility
Thursday October 4, 2018 08:30
Pretium Resources Inc. (TSX, NYSE: PVG), which has achieved steady-state productionat the still-new Brucejack Mine in British Columbia, reports signing acommitment letter for a $480 million debt facility with The Bank of NovaScotia, Societe Generale and ING Capital LLC. This will be used to refinancethe existing construction credit facility of approximately $423 million due onDec. 31 for construction of Brucejack, the company says. However, funds willalso be available for general corporate purposes including, if necessary, therepurchase of 100% of the existing 8% precious-metals stream. The loanfacility will mature four years from the closing date, which is expected thisquarter.
By Allen SykoraFor Kitco News
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