08:00 Mon 21 Oct 2019
Ariana Resources PLC - Q3 2019 PRELIMINARY PRODUCTION RESULTS
AIM: AAU
Q3 2019 PRELIMINARY PRODUCTION RESULTS
Third Quarter Preliminary Production Results*:
· Gold production for the quarter was 6,933 ounces (Q2 2019: 6,438 ounces), exceeding average annualised quarterly guidance by 11%.
· Total ore processed for the quarter was 55,174 tonnes (Q2 2019: 48,132 tonnes) at an average head grade to the plant of 4.47 g/t gold.
· Quarterly open pit ore mined was 47,933 tonnes, at an average mined grade of 4.95 g/t gold, and total material movement for the quarter was 1,068,404 tonnes.
· Average metallurgical plant recovery of gold for the quarter remains high at 93.7%.
* All figures are given gross with respect to the JV.
Dr.
"This third quarter continued to demonstrate the positive performance of the Kiziltepe mine and plant, including record mill throughput at over 55,000 tonnes. With gold production for the period just shy of 7,000 ounces, taking our total production for the year to 20,667 ounces, and a favourable gold price environment during the period, this quarter has resulted in one of the best revenues in the history of the operation.
"We remain fully on track to deliver against our guidance of 25,000 ounces of gold for the year, derived from the remaining production expected at the Arzu South pit. Meanwhile, mining activity has commenced at the Derya pit and we look forward to seeing the development of this part of our operation."
Q3 2019 Preliminary Production Results
|
Unit |
Q3 2019 |
Q2 2019 |
Q3 2018# |
|
Tonnes |
1,068,404 |
943,034 |
876,945 |
|
Tonnes |
47,933 |
43,367 |
83,228 |
|
g/t Au |
4.95 |
4.59 |
4.94 |
Process plant throughput |
Tonnes |
55,174 |
48,132 |
49,272 |
Plant feed grade |
g/t Au |
4.47 |
4.16 |
4.77 |
Metallurgical recovery rate |
% |
93.7 |
95.2 |
93.2 |
Gold produced |
Troy Ounces |
6,933 |
6,438 |
7,556 |
Silver produced |
Troy Ounces |
89,478 |
82,988 |
70,363 |
#Re-stated following year-end mine and mill reconciliation.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Contacts:
|
Tel: +44 (0) 20 7407 3616 |
|
|
|
|
|
|
|
Tel: +44 (0) 20 7628 3396 |
|
|
|
|
|
Tel: +44 (0) 20 7886 2500 |
|
|
|
|
|
Tel: +44 (0) 20 3004 9512 |
/ |
Editors' Note:
About
Ariana is an exploration and development company with mining operations focused on epithermal gold-silver and porphyry copper-gold deposits in
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the
In north-eastern
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
Ends.
This information is provided by RNS, the news service of the
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...
FOR OUR FULL DISCLAIMER CLICK HERE