logo-loader
MiningGold & silver
Ariana Resources PLC

Ariana Resources sees strong production again at Kiziltepe

Output was 17% ahead of average annualised quarterly guidance said Ariana

gold pour
Gold recovery rates were 93.7% with 4.83 g/t head grade

Ariana Resources PLC (LON:AAU) has seen another strong quarter at its Kiziltepe gold mine in Turkey.

Production at the mine eased to 7,296 ounces in the three months to January from 7,517oz in the preceding quarter, but this was still 17% ahead of annualised guidance said Ariana.

READ: Ariana Resources gives positive update on exploration and development activities at its projects in Turkey

Mining was affected by planned extensions to the open pit at Arzu South and wet weather, but the use of ore stockpiles meant processing rates and recovery rates remained high. 

Kerim Sener, Ariana’s managing director, said it expects output from the pit to rise again as summer approaches, particularly towards the latter half of this year.

Kiziltepe is part of the Red Rabbit Joint Venture with Turkish firm Proccea Construction and is 50%-owned by Ariana.

Quick facts: Ariana Resources PLC

Price: £0.02

Market: AIM
Market Cap: £22.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ariana Resources PLC named herein, including the promotion by the Company of Ariana Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital turnout 'a good cross-section of industry sentiment'

Alastair Ford looks back on this week's Proactive Investors Mining Capital conference in London. ''The room was full throughout the morning, standing room only at some points throughout the day and a huge amount of interest in the networking room during the breaks''. ''It was...

on 05/04/2018

2 min read