UBS has a “buy” recommendation on Alacer Gold and a $4.10 target price noting that the gold producer had just reported “another solid quarter to close out 2014”..
UBS has a “buy" recommendation on Alacer Gold and a $4.10 target price.
In a broker’s note, UBS says: “Alacer has reported another solid quarter to close out 2014, with output of 49.9koz (attributable) at AISC of $676/oz, ahead of the UBS-e of 48.0koz at $720/oz. Mined oxide ore of 1.78Mt at 1.87g/t Au was marginally ahead of the 1.71Mt at 1.88g/t Au in the previous quarter.
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Will Willitts is a Sydney-based desk editor; previously posted in Washington, Frankfurt, Mexico City and Ottawa, he has worked with Reuters, Bloomberg and Dow Jones. Connect with Will on Twitter. Email Will at wwillitts@afr.com
