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Share Price: 2.70

Bid: 2.60

Ask: 2.80

Change: 0.10 (3.85%)

Spread: 0.20 (7.692%)

Open: 2.55

High: 2.70

Low: 2.60

Prev. Close: 2.60

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IN BRIEF: Ariana Resources production at Turkish mine beats forecasts

Wed, 17th Jan 2024 17:24

Ariana Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Announces full-year production results for year ended December 31 for the Kiziltepe mine in Turkey. Kiziltepe is 24% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. Says Kiziltepe produced (and sold) a total of 17,683 ounces of gold during the year, including gold in carbon, exceeding full-year production guidance of 18,000 oz gold for 2023. Reports gross full-year revenue of USD39.2 million at an average realised gold price of USD1,945 per ounce, with an average revenue per gold ounce of USD2,218.

Current stock price: 2.10 pence, down 6.7% in London on Wednesday

12-month change: down 33%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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