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Alacer sells gold mine stake for $166m

Shares in one of Australia's largest gold companies, Alacer Gold, have shot up after it announced its sale of interests in the Frog’s Leg gold mine near Kalgoorlie for US$171 million ( million).

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Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
168thNewcrest Mining76%-8%
245thHarvey Norman42%26%
269thAdelaide Brighton34%22%
343rdStockland21%14%
555thBank of Queensland-12%13%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

25th↑Newcrest Mining$4,476.2m
33rd↑Harvey Norman$3,018.6m
37th↑Stockland$2,123.0m
43rd-Adelaide Brighton$1,462.8m
47th↑Bank of Queensland$1,088.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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