Azure, UBS to sell Alacer Gold’s Australian mines

Sarah Thompson | Anthony Macdonald | Gretchen Friemann

Jun 13, 2013 – 3.14pm

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Gold miner Alacer Gold has appointed Perth-based advisory boutique Azure Capital and UBS to sell off its high-cost Australian mines.

Alacer chief executive David Quinlivan said in a statement on Thursday that the company had received “confidential non-binding expressions of interest from several parties" interested in buying its gold assets near Coolgardie in the West Australian goldfields.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

Gretchen Friemann writes on Business specialising in Banking & Finance, Mining, Real Estate. Based in our Sydney newsroom, Gretchen is a Street Talk editor.