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Grupo Aeroportuario ADR Representing 10 Ord Shs Series B T.ASR


Primary Symbol: ASR

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services. The airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan, Mexico, and in Medellin, Colombia, among others. Approximately eight Mexican and over 80 international airlines, including the United States-based airlines, such as American Airlines and United Air Lines are operating directly or through code-sharing arrangements in its airports. It provides airport security services at its airports through third-party contractors. It also provides firefighting, rescue and aircraft maintenance services.


NYSE:ASR - Post by User

Post by silver-bullon Jan 23, 2020 1:22pm
263 Views
Post# 30589646

Alacer eyes growth at Cople

Alacer eyes growth at Cople GOLD: Alacer eyes growth at Copler January 23, 2020 by Canadian Mining Journal Commodities Gold Regions Europe Companies Alacer Gold Corp The sulphide plant at Alacer Gold's Copler gold project in mid-2018. Credit: Alacer Gold The sulphide plant at Alacer Golds Copler gold project in mid-2018. Credit: Alacer Gold TURKEY Alacer Gold met its production targets for 2019, turning out 391,200 oz. of gold from its Copler mine in eastern Turkey, at all-in sustaining costs of US$710 per oz. This outcome was a direct result of the continued successful ramp up of the sulphide plant coupled with the ongoing in-pit exploration success that allowed us to increase oxide production guidance twice last year, said Alacer president and CEO Rod Antal in a release. As a result, we generated over US$215 million of unlevered free cash flow and deleveraged the balance sheet to US$47 million of net debt, providing financial flexibility for the next leg of growth. The company owns 80% of the Copler open pit gold mine in Erzincan province, 550 km east of Ankara, and the Cakmaktepe mine about 5 km away from Copler. Copler contains both oxide and sulphide ore, and Alacer has two processing plants to treat the two types of ore. Commercial production at the Copler sulphide plant began in May 2019. For 2020, the company expects to produce a total of between 310,000 oz. and 360,000 oz. gold at AISC of US$785 per oz. Antal said Alacer has identified near, medium and long-term organic growth opportunities to support an increase in production to between 300,000 oz. and 400,000 per year for the next 10 years. These opportunities will underpin a refresh of the Copler NI 43-101 technical report that we expect to issue later in 2020 as a first step to define our exceptional growth potential, he added. Total reserves at the end of 2018 at Copler (including both oxide and sulphide ore and the Cakmaktepe deposit) stood at 46.1 million tonnes grading 2.47 g/t gold, 5.78 g/t silver and 0.02% copper for 3.7 million contained oz. gold, 8.6 million oz. silver and 15.7 million lb. copper. For more detail, visit: www.alacergold.com. Share This Post Print this page Related Posts
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