Alacer Gold (ASR.TO) today reported its financial results for the year ended 2012.
Financial
- Working capital increased by $159.7 million during the year to $203.9 million at December 31, 2012, due to the maturing of Alacer's C$100 million convertible debentures in April 2012, improved cash balances and increased heap-leach inventory at Ãöpler.
- During Q4 2012, the Corporation recorded impairment charges of $490.0 million for non-current assets in Australia.
- Attributable net loss of $386.0 million for 2012, compared to attributable net profit of $75.2 million in 2011.
-Attributable Net Profit Pre-Impairment of $118.6 million for 2012, compared to $75.2 million in 2011.
Alacer also announced it intends to pay a special dividend of approximately $70 million after the closing of the sale of its 49% minority interest in the Frog's Leg Mine.
Shares are down 11 cents (2.88%) to $3.71 late morning.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
