Shares in Australian miner Alacer Gold, which runs the Copler mine in eastern Turkey, jumped on rumours of a takeover.
The company this week released June quarter numbers, showing production costs are down and profit before tax at $US22.2 million, up from $US19.2 million in the first three months.
CEO Rod Antal says Alacer continues its strong track record at Copler, producing 53,757 ounces of gold production in the second quarter.
All-in costs per ounce were $US598. Gold is trading at $US1,096.30 per ounce today.
Alacer shares were trading up 7.2% to $AU2.80.
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