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Ariana Resources PLC - Europe-focused exploration company - Gold production at Kiziltepe mine in Turkey for the third quarter to September 30 rises to 5,125 ounces from 4,679 ounces in the second quarter, enabling annual guidance of 18,000 ounces to be maintained into the final quarter of 2020. Total ore processed for the quarter was 57,302 tonnes versus 54,862 tonnes in the previous quarter. Average metallurgical recovery of gold for the third quarter remains at 94.2%. Planning underway regarding a proposed mill expansion to provide for an increase in throughput to 400,000 to 500,000 tonnes per annum.
Current stock price: 6.01 pence, up 1.0%
Year-to-date change: up more than 100% from 2.48p at Dec 31
By Tapan Panchal; tapanpanchal@alliancenews.com
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