Alacer Gold Corp. Receives EIA approval For Copler Mine

(Kitco News) -  Alacer Gold Corp. (TSX:ASR)(ASX:AQG) received its Environmental Impact Assessment (EIA) approval to expand its Çöpler Gold Mine, located in Turkey, which would add 3.2 million ounces of gold production over the next 20 years.

"The approval of the EIA represents a significant positive milestone for Çöpler and the Sulfide Project and demonstrates the ongoing support from the Turkish Ministry of Environment and Urbanization for Çöpler and the project,” says Rod Antal, chief executive officer of Alacer.

“The EIA approval is further evidence that the Sulfide Project is fully on track and we can now begin the process of securing the necessary land use permits. In parallel with the land use permitting process, we continue to advance basic engineering and de-risking efforts.”

He adds that the company is well positioned to bring Çöpler through expansion as the company holds no debt and a cash balance of $320 million.

Courtesy: Kitco News