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Ariana Resources starts 2016 with great confidence

The mine developer, in an open letter to shareholders, highlighted that it achieved all its key targets in 2015, and it remains on track for its maiden gold pour in the second half of the coming year.

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Ariana describes 2015 as a transformative year

Ariana Resources (LON:AAU) has told investors that it starts 2016 with great confidence.

The mine developer, in an open letter to shareholders, highlighted that it achieved all its key targets in 2015, and it remains on track for its maiden gold pour in the second half of the coming year.

“The company is exceptionally well-positioned in relation to many of its peers, holding significant investments in several high-value projects and opportunities,” it said.

The company added: “In many ways, 2015 was a transformative year for Ariana. 

“As a business, we evolved from a pure exploration and development company focused on Turkey, to one with broader reach and interests.

“To create the shareholder value we aspire to, we must swim against the tide of existing market conditions and find new and more innovative ways of conducting our business.”

Ariana says more lateral-thinking and a wider reaching strategy will be needed in 2016.

*The open letter can be access in full here

Quick facts: Ariana Resources PLC

Price: 1.95 GBX

AIM:AAU
Market: AIM
Market Cap: £20.66 m
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