Alacer Gold – Further Detail…

Alacer Gold provides an interesting growth opportunity. The company holds a significant portfolio of highly prospective exploration land holdings across Turkey (totaling approximately 125,000 hectares), some of which are progressively advancing to prospective projects.

The release of the CY19 financials show NPAT beat on a one-off tax adjustment, whilst revenue was in line. EBIT of US$171m was also broadly in line with market expectations.

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The company has recent exploration success at Çakmaktepe & Ardich sites. We see scope for a material pickup in earnings from FY21. 

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