RE: RNS19 May 2026 02:12
I read that, as a positive RNS ( https://www.londonstockexchange.com/news-article/AAU/sale-of-13-6-interest-in-zenit-for-us-19-5m-cash/17595422 ),...Guidance given in the RNS:
Dr. Kerim Sener, Managing Director, commented:
"We are delighted to have reached this agreement with ΓzaltΔ±n to partially monetise our interest in Zenit at a strategically important point in Ariana's growth trajectory. The transaction reflects our disciplined capital allocation strategy and active portfolio optimisation, with a clear focus on accelerating the development of the flagship Dokwe Gold Project while minimising shareholder dilution.
β
"Zenit is a mature, cash-generative minority investment in producing operations. This transaction crystallises significant embedded value from that holding while retaining meaningful upside exposure, enabling Ariana to redeploy capital into a potentially company-making, 100%-owned gold development project with long-term growth potential.
β
"Dokwe is a transformational asset for Ariana, which represents a large-scale, long-life asset, underpinned by strong economics, as demonstrated in the pre-feasibility study update announced in 2025. As the project advances, it continues to attract significant industry interest.
β
"This transaction, which is now complete and not subject to further approvals of any kind, provides substantial non-dilutive funding to support the rapid advancement of Dokwe through feasibility and development, strengthening our balance sheet and preserving shareholder value amid increasingly uncertain global macro-economic conditions."
BW
Sign In
Follow the stocks
