Company
LON:AAU
Ariana Resources is a mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. The company's focus is a +1Moz gold development project in Zimbabwe and has interests in gold production in Türkiye and copper-gold silver and zinc exploration and development projects in Cyprus and Kosovo.
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Kizilcukur is located 22km to the northeast of the group’s Kiziltepe Mine in Turkey and is being developed with a view to trucking and processing at Kiziltepe in the future
The benchmark index also gets a boost from optimism over US-China trade talks
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"These results continue to reinforce our understanding of the distribution and continuity of gold mineralisation in the vicinity of the Ardala Porphyry, Ardala North and Salinbas North areas,” said Dr Kerim Sener, Ariana managing director.
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The FTSE 250 index, though, fell around 30 points to 18,609 on the day
Panmure Gordon’s analysts noted that Ariana’s third-quarter update continued the trend of above plan production with its full-year 2018 guidance of 20,00 ounces almost reached in nine months
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A glance at some of the day's highlights from the Proactive Investors newswire
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Income for the three months to September was US$10.1mln with 7,588 ounces of gold produced
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Dr Kerim Sener, Ariana's managing director said: "Our next phase in the drilling programme comprises 2,000m of RC (Reverse Circulation) scheduled for Q2 2019"
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
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A glance at some of the day's highlights from the Proactive Investors newswire
