Alacer Gold Corp. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported gold sales of $28,005,000, total net profit and comprehensive profit of $2,636,000, total net profit and comprehensive profit attributable to owners of the company of $77,000, operating cash flows of $1,868,000 against gold sales of $60,260,000, total net profit and comprehensive profit of $11,146,000, total net profit and comprehensive profit attributable to owners of the company of $7,356,000 or $0.03 per diluted share, operating cash flows of $32,746,000 a year ago. Attributable net profit reflecting a $18.0 million decrease in mining gross profit offset by a $15.2 million benefit in net income tax.

For the nine months, the company reported gold sales of $103,575,000, total net profit and comprehensive profit of $22,751,000, total net profit and comprehensive profit attributable to owners of the company of $14,363,000 or $0.05 per diluted share, operating cash flows of $27,656,000 against gold sales of $186,214,000, total net profit and comprehensive profit of $52,168,000, total net profit and comprehensive profit attributable to owners of the company of $36,628,000 or $0.13 per diluted share, operating cash flows of $80,730,000 a year ago. Attributable net profit reflecting a $65 million decrease in mining gross profit offset by a $43.4 million benefit in net income tax.

For the quarter, the company reported gold production of 23,202 ounces and attributable gold production of 18,562 ounces was lower than scheduled due to restricted access to oxide ore in the Marble Pit arising from pit wall instability and a delay in a planned program to re-leach historical areas of the heap leach pad compared to gold production of 53,728 ounces and attributable gold production of 42,982 ounces a year ago.

For the nine months, the company gold production of 85,175 ounces and attributable gold production of 83,168 ounces was lower than scheduled due to restricted access to oxide ore in the Marble Pit arising from pit wall instability and a delay in a planned program to re-leach historical areas of the heap leach pad compared to gold production of 158,434 ounces and attributable gold production of 126,747 ounces a year ago.

For the fourth quarter effective cash tax rate to be around 5%.

For the fourth quarter of 2016, production is expected to increase with access to the planned oxide ore in the Marble Pit achieved in late third quarter and mining now ramped up. Additionally, the planned program to re-leach historical areas of the heap leach pad commenced in third quarter.