Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

Category: Mid-tier Producer
Rating: 2.50   (Likely 3 Bagger as of 01/25/2017)
Risk: High
Alacer Gold Corp
www: www.alacergold.com     email: info@alacergold.com

Profile
Notes
Forum
Your Data

Price Data

Symbol Date Price Change 52 Wk Range Volume
OTCMKTS:ALIAF 09/19/2017 USD 1.8238 -0.0362 2.8954 - 1.3100 475
TSE:ASR 09/19/2017 CAD 2.2150 -0.0150 3.7900 - 1.7500 201,026
Alert me when stock is updated

Don's Summary (from last analysis - 01/25/2017)

Alacer Gold was created in early 2011 from a merger of Avoca Resources (Australia) and Anatolia Minerals (Turkey). In 2013 Alacer sold their Australian properties. Now it is Turkey focused. Their flagship Copler project is a 6 million oz deposit (their share). They are currently producing 135,000 oz around $550 cash costs (oxide surface mine). Oxide production has a short mine life. Ending in approximately 2020.

Their next mine will be the open pit sulfide ore at Copler, which encompasses 4 million oz. Production will begin at about 150,000 oz per year in 2018. The capex is about $425 million, but they have $250 million in cash and a line of credit for $250 million. Their cash costs will increase, but not too much (expect about $600 per oz). Sulfide production should be able to maintain 200,000 oz per year with their large resources.

If Alacer was not mining in Turkey, I might like this stock. But long term, I think the Middle East could be unstable. Also, their shares are highly diluted. On a positive note, they have a nice pipeline of exploration projects. Long term this could easily be a 250,000 oz producer. They have a 50% JV (Gediktepe) with a $120 million capex that could provide another 50,000 oz of production.

General Details

Financial 01/25/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $534.93M $532.45M 01/25/2017 $-2.48M
Total Assets: $853.95M $1,059.46M 06/30/2017 $205.51M
Total Liabilities: $350.34M $382.36M 06/30/2017 $32.02M
Current Assets: $332.15M $297.81M 06/30/2017 $-34.34M
Current Liabilities: $34.07M $58.83M 06/30/2017 $24.76M
Total Debt: $150.00M $126.03M 06/30/2017 $-23.97M
Cash: $23.36M $117.42M 06/30/2017 $94.06M
Enterprise Value: $661.57M $541.06M 02/23/1987 $-120.51M
Cash Flow: $23.62M $33.93M never $10.31M
Cash Flow Multiple: 22.65 15.69 never -6.96
Net Debt to Cash Flow Ratio: 5.36 0.25 never -5.11
Finance within 1 year: 01/25/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 01/25/2017 0.00%
Misc 01/25/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $1.813 $1.805 13:09 on 09/19/2017 $-0.01
Shares Outstanding: 292,000,000 293,090,000 06/30/2017 1,090,000
Shares Fully Diluted: 295,000,000 295,000,000 01/25/2017 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 01/25/2017 n/a
Production (Gold Eq Oz.): (guess) 
135,000
(guess) 
135,000
01/25/2017 0
Production (Silver Eq Oz.): (guess) 
9,545,463
(guess) 
10,256,239
01/25/2017 710,777
Initial CapEx (Outstanding): n/a n/a 01/25/2017 n/a
Funding Option: n/a n/a 01/25/2017 n/a
Documentation: none PRODUCER 01/25/2017 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 01/25/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 3.00M 3.00M 01/25/2017 0.00M
Measured & Indicated: 6.00M 6.00M 01/25/2017 0.00M
Inferred: 1.00M 1.00M 01/25/2017 0.00M
Reserves & Resources: 7.00M 7.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.55M 2.55M 01/25/2017 0.00M
Measured & Indicated: 4.59M 4.59M 01/25/2017 0.00M
Inferred: 0.43M 0.43M 01/25/2017 0.00M
Reserves & Resources: 5.02M 5.02M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
135,000oz.
(guess) 
135,000oz.
01/25/2017 0oz.
Cash Cost: $600 $600 01/25/2017 $0.00
Extra Operating Cost: $350 $350 01/25/2017 $0.00
Average Grade: 1.10 g/t 1.10 g/t 01/25/2017 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 01/25/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 01/25/2017 0.00M
Annual Production: 250,000oz. 250,000oz. 01/25/2017 0oz.
Cash Cost: $650 $650 01/25/2017 $0
Extra Operating Cost: $350 $350 01/25/2017 $0
SILVER 01/25/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 01/25/2017 0.00M
Measured & Indicated: n/a n/a 01/25/2017 0.00M
Inferred: n/a n/a 01/25/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 01/25/2017 0.00M
Measured & Indicated: n/a n/a 01/25/2017 0.00M
Inferred: n/a n/a 01/25/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 01/25/2017 $0.00
Extra Operating Cost: n/a n/a 01/25/2017 $0.00
Average Grade: n/a n/a 01/25/2017 n/a
Recovery Rate: n/a n/a 01/25/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 01/25/2017 0.00M
Annual Production: n/a n/a 01/25/2017 n/a
Cash Cost: n/a n/a 01/25/2017 n/a
Extra Operating Cost: n/a n/a 01/25/2017 n/a

Property

Last Analysis Data  (01/25/2017)
Stage Location Name Owned Type Au Ag Cu Notes
Production Maltya, Turkey Copler 80% Both show
6 million oz deposit at 1.1 gpt (there share)

Currently mining open pit oxides at about 135,000 oz until 2020.
Development Turkey, Turkey Gediktepe 50% (guess) Open Pit show
50% JV
$120 million capex.

1 million oz gold equivalent (their share)
copper, gold, silver, zinc
Exploration Tunceli, Turkey Cevizlidere 50% n/a show
12 exploration projects.
Exploration Erzincan, Turkey Karakartal 50% n/a n/a
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production Maltya, Turkey Copler 80% Both show
6 million oz deposit at 1.1 gpt (there share)

Currently mining open pit oxides at about 135,000 oz until 2020.
Development Turkey, Turkey Gediktepe 50% (guess) Open Pit show
50% JV
$120 million capex.

1 million oz gold equivalent (their share)
copper, gold, silver, zinc
Exploration Tunceli, Turkey Cevizlidere 50% n/a show
12 exploration projects.
Exploration Erzincan, Turkey Karakartal 50% n/a n/a

Profitability (by resource)

Proven &
Probable
01/25/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 15.80M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.55M 2.55M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 13.43M
Maximum Profit (Gold): $446.07M $640.82M n/a $194.74M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $446.07M $640.82M n/a $194.74M
Max Profit / Current MCap: 0.834 1.204 n/a 0.370
Max Profit Per Share (Gold): $1.51 $2.17 n/a $0.66
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.51 $2.17 n/a $0.66
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $209.78 $208.80 n/a $-0.97
FD Mkt. Cap / Silver Eq.: $2.97 $2.75 n/a $-0.22
FD Mkt. Cap / Per Metal
as % Spot Price:
17.48% 15.95% n/a -1.53%
Measured &
Indicated
01/25/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 31.59M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.59M 4.59M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 24.17M
Maximum Profit (Gold): $802.93M $1,153.47M n/a $350.54M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $802.93M $1,153.47M n/a $350.54M
Max Profit / Current MCap: 1.501 2.166 n/a 0.665
Max Profit Per Share (Gold): $2.72 $3.91 n/a $1.19
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.72 $3.91 n/a $1.19
Total Free Profit Per Share: $0.35 $1.70 n/a $1.34
FD Mkt. Cap / Gold Eq.: $116.54 $116.00 n/a $-0.54
FD Mkt. Cap / Silver Eq.: $1.65 $1.53 n/a $-0.12
FD Mkt. Cap / Per Metal
as % Spot Price:
9.71% 8.86% n/a -0.85%

Reserves &
Resources
01/25/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 36.86M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.02M 5.02M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 26.40M
Maximum Profit (Gold): $877.27M $1,260.27M n/a $383.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $877.27M $1,260.27M n/a $383.00M
Max Profit / Current MCap: 1.640 2.367 n/a 0.727
Max Profit Per Share (Gold): $2.97 $4.27 n/a $1.30
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.97 $4.27 n/a $1.30
Total Free Profit Per Share: $0.60 $2.06 n/a $1.45
FD Mkt. Cap / Gold Eq.: $106.67 $106.17 n/a $-0.49
FD Mkt. Cap / Silver Eq.: $1.51 $1.40 n/a $-0.11
FD Mkt. Cap / Per Metal
as % Spot Price:
8.89% 8.11% n/a -0.78%

Future Valuation (Cash Flow & Totals)

Totals 01/25/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
C
U
R
R
E
N
T
R & R Valuation: $902.62M $984.70M n/a $82.07M
Mkt. Cap: $534.93M $532.45M n/a $-2.48M
Annual Gold Production: (guess) 
135,000oz.
(guess) 
135,000oz.
01/25/2017 0oz.
Annual Silver Production: n/a n/a 0oz.
F

U

T

U

R

E
FD Mkt. Cap: $2,250.00M $2,250M n/a $0M
FD Mkt. Cap Growth: 321% 323% n/a 2%
Annual
Production
Gold: 250,000 oz. 250,000 oz. n/a 0 oz.
Silver: n/a n/a n/a n/a
Current FD
Mkt. Cap /
Gold Eq. Reserves: 89.15 88.74 n/a -0.41
Silver Eq. Reserves: 3.57 3.55 n/a -0.02
Gold Eq. Production: 2,139.71 2,129.81 n/a -9.90
Silver Eq. Production: 85.59 85.19 n/a -0.40
P&P
Reserves
(oz.)
Gold: 6.00M 6.00M 01/25/2017 n/a
Silver: n/a n/a 01/25/2017 n/a
Gold Eq.: 6.00M 6.00M 01/25/2017 n/a
Silver Eq.: 150.00M 150.00M 01/25/2017 n/a
P&P Reserves
per FD
Share (oz.)
Gold: 0.020 0.020 n/a n/a
Silver: n/a n/a n/a n/a
Gold Eq.: 0.020 0.020 n/a n/a
Silver Eq.: 0.508 0.508 n/a n/a
Cash Flow 01/25/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Current: $23.62M $33.93M n/a $10.31M
Current Multiple: 22.65 15.69 n/a -6.96
F
U
T
U
R
E
@ current prices: $29.99M $46.35M n/a $16.37M
Multiple @ current prices: 17.84 11.49 n/a -6.35
Growth @ current prices: 26.97% 36.62% n/a 0.10
@ future prices: $225.00M $225.00M n/a $0.00M
Multiple @ future prices: 2.38 2.37 n/a -0.01
Growth @ future prices: 563.22% 563.22% n/a -2.90

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×