Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Alacer Gold Looks Like A Low-Cost Miner That Nobody Wants To Love

The history of Alacer Gold (OTCPK:ALIAF) (ASR.TO) hasn't been a conventional one. Once a junior gold company focused solely on Turkey and known as Anatolia Minerals, Alacer came out of a merger of Anatolia and Avoca Resources in 2011 that added assets in Australia. Recently the company sold its Australian assets and has essentially become Anatolia all over again - a company with a very low-cost producing gold mine in Turkey, but one with very limited conventional production life left.

Alacer does have some worthwhile exploration assets in Turkey (which it owns through a 50/50 joint venture), as well as follow-on expansion potential at the core Copler mine. The real key, though, is moving forward with a plan...

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