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  5. IN BRIEF: Ariana Resources production at Turkish mine beats forecasts

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Share Price: 2.55
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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

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Feb 2019 12:34

Ariana Resources praises 'excellent' performance at Turkish goldmine

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12 Feb 2019 10:26

Ariana Resources Reduces Capital In Wholly-Owned Turkish Subsidiary

LONDON (Alliance News) - Gold mine explorer and developer Ariana Resources PLC said Tuesday it has reduced its capital within its wholly-owned Turkish operating subsidiary, returning about GBP3.8

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14 Jan 2019 08:52

Ariana Resources 2018 Kiziltepe Gold Production Exceeds Guidance

LONDON (Alliance News) - Exploration company Ariana Resources PLC said Monday that annual gold production from the Kiziltepe Mine in Turkey was above guidance.The Kiziltepe Mine is part of

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12 Dec 2018 14:01

Ariana Resources to begin diamond drilling at Kizilcukur

(Sharecast News) - Gold exploration and development company Ariana Resources updated the market on resource development activities at its wholly-owned Kizilcukur Gold Project on Wednesday.

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29 Nov 2018 11:35

Ariana Reports "Excellent" Results At Salinbas Gold Project

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17 Oct 2018 10:16

Ariana Resources Gets "Excellent Results" From Salinbas Gold Project

LONDON (Alliance News) - Ariana Resources PLC said Wednesday it has received "excellent results" from its recent exploration and development work at the Salinbas gold project in in the

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15 Oct 2018 11:05

Ariana Resources Ahead Of Annual Guidance As Gold Production Rises

LONDON (Alliance News) - Ariana Resources PLC on Monday said it expects to beat its annual target after it recorded a rise in gold production in the third quarter of 2018 at Kiziltepe mine in is a

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17 Sep 2018 14:05

Ariana Resources preparing drilling programme at Ivrindi

(Sharecast News) - Turkey-focussed exploration and development company Ariana Resources announced the results of recent exploration and development work at the Ivrindi Gold Project on Monday.

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17 Sep 2018 12:44

Ariana Resources Says Recent Tests Could Expand Ivrindi Resource

LONDON (Alliance News) - Ariana Resources PLC on Monday said recent exploration and development work at its Ivrindi gold project has the potential to substantially grow its resource.A 1.3 a

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16 Aug 2018 14:29

Ariana Resources Gold Sales And Production Up 47% At Kiziltepe Mine

LONDON (Alliance News) - Ariana Resources PLC said Thursday that its second-quarter gold production increased 47% quarter-on-quarter.For the second quarter to June 30, the exploration &

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29 Jun 2018 17:31

DIRECTOR DEALINGS: Ariana Resources Chairman Lifts Stake

LONDON (Alliance News) - Ariana Resources PLC said Chairman Michael de Villiers bought one million shares at a price of 1.385 pence per share on Friday.Following this transaction, de now 48

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29 Jun 2018 13:02

Ariana Resources Highly Encouraged By Performance In 2018

LONDON (Alliance News) - Ariana Resources PLC said Friday its performance in 2018 to date has been "extremely encouraging" with production set to meet expecationsSpeaking at the a

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13 Jun 2018 13:52

Ariana Says Test Work Shows High Gold Recovery At Turkish Mine

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8 Jun 2018 18:17

DIRECTOR DEALINGS: Wife Of Ariana Resources Chairman Buys Shares

LONDON (Alliance News) - Gold exploration company Ariana Resources PLC said that the wife of Chairman Michael de Villiers purchased 1.0 million shares at a price of 1.42 pence per share on the de

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4 Jun 2018 12:00

Ariana Resources Profit Falls With Drop In Acquisition Gains

LONDON (Alliance News) - Ariana Resources PLC said on Monday that it had recorded a severely narrowed annual profit after acquisition gains plummeted.Ariana is a gold and silver mining with

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