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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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4 Oct 2016 14:03

Ariana Resources expects first production from Turkey gold mine in Q4

(ShareCast News) - Gold miner Ariana Resources said it was expecting the first production from its joint venture project in Turkey with Proccea Construction in the final quarter of the year. At the Kiziltepe mine within the Red Rabbit gold-silver project in western Turkey, the company said mining of

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22 Jul 2016 13:55

UPDATE: Ariana Resources Raises Funds For Kiziltepe Drilling (ALLISS)

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22 Jul 2016 11:53

Ariana Resources places 30m shares to fund drilling

(ShareCast News) - Ariana Resources announced on Friday a placing of 29,616,666 new ordinary shares of 0.1p each in the company, at a price of 1.5p per share, in order to raise gross proceeds of around £0.45m before expenses. The AIM-traded firm said the placing has been undertaken within the compan

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22 Jul 2016 09:58

Ariana Resources Raises Funds For Kiziltepe Drilling Programme (ALLISS)

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18 Jul 2016 08:49

Ariana Resources Begins Kiziltepe Summer Drilling Programme

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21 Jun 2016 15:04

UK Shareholder Meetings Calendar - Next 7 Days

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16 Jun 2016 07:52

Ariana Resources Makes Progress On Kiziltepe Drilling Programme

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3 Jun 2016 15:22

Ariana Resources Loss Widens In "Rewarding And Transformational" 2015

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17 May 2016 09:35

Ariana Takes Stake In Kingston Resources By Offloading Tenements

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3 May 2016 07:11

Ariana Resources To Start Drilling Programme At Kiziltepe

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26 Apr 2016 11:14

Promising drilling results from Lynas Find in Western Australia

(ShareCast News) - Ariana Resources was starting to see the fruits of its investment in Dakota Minerals on Tuesday, with some promising results from drilling at its Lynas Find Lithium Project in Western Australia. The AIM-traded firm, which owns 7.64% of Dakota, said the results included 35 metres a

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26 Apr 2016 10:23

Ariana Resources Notes Good Results From Lynas Find Lithium Project

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25 Apr 2016 08:02

Ariana Resources Says Kiziltepe Resource Estimate Upgraded

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15 Apr 2016 06:51

Ariana Resources Says Lanstead Capital Sells Stake Down To 4.5% (ALLISS)

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13 Apr 2016 07:59

Ariana Resources Says Progress Made On Construction Of Kiziltepe Mine

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