Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Ariana boosts production to 4,866 ounces of gold during the first quarter of 2018

The ramp up at the Kiziltepe joint venture is proceeding well
gold
Quarterly production of gold at Kiziltepe continues to increase

Ariana Resources plc (LON:AAU) produced 4,866 ounces of gold from its Kiziltepe project in Turkey during the first quarter to March 31, an 8% increase quarter on quarter.

The company expects to produce 20,000 ounces for the full year.

READ: Ariana boosts gold resource at Tavsan

The average head grade to the plant was 3.85 grams per tonne gold.

"The performance of Kiziltepe continues to exceed feasibility expectations and this quarter of production marks a solid start to 2018,” said managing director Kerim Sener. 

“First quarter gold production was 8% higher than the previous quarter, augmented by a 4% increase in gold recovery from the processing plant.  During the current quarter, we are expecting output to increase further based on our 2018 mining schedule and particularly as we start to access higher grade areas of the Arzu South vein.  Consequently, we are confident in delivering positively against our production guidance for 2018."

 

 

View full AAU profile View Profile

Ariana Resources plc Timeline

Related Articles

Tomingley gold open pit operation
March 26 2018
The Dubbo Project hosts zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.
gold
April 03 2018
Stratex is now under the tutelage of a new, experienced chief executive and on the lookout for opportunities
picture of mine interior
January 15 2018
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use