Chaarat Gold confirms shareholder loan equity switch
Some 62.38mln new shares are being issued to the company's largest shareholder, ahead of an equity fundraise.
Company
Chaarat Gold Holdings Ltd
LON:CGH
Chaarat Gold Holdings Ltd is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the Former Soviet Union, through organic growth and selective M&A.
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Chaarat Gold launches US$25mln equity funding, set to cut debt by 33%
"We are delighted by the strong demand of new investors and our existing shareholders to support the company," said chief executive Artem Volynets
Chaarat Gold exceeds production guidance at Kapan mine in Armenia
The miner said it had produced 58.2 koz of gold equivalent from Kapan in 2020, exceeding guidance of 55 koz, while also surpassing its third party ore target of 50 kt with 67.8 kt processed
Chaarat Gold refinances rump of investor loan
"We appreciate the continued strong support from our largest shareholder, Labro."
Chaarat Gold says it is maintaining its current production guidance in update on the current situation in Armenia
The gold miner noted that, on November 9, 2020, a peace deal brokered by Russia was agreed between Azerbaijan and Armenia in relation to the Nagorno-Karabakh region
Chaarat Gold says production on track despite hostilities and COVID-19
"The ongoing COVID-19 pandemic and events in our countries of operation have presented unprecedented challenges"
Chaarat Gold completes debt refinancing
The refinancing marks a key milestone as the company optimises its balance sheet
Chaarat refinances US$19.4mln of loans
Chaarat is building up a track record of gold production in Central Asia
Chaarat Gold says minimal impact on Armenia mine from Nagorno-Karabakh conflict
Nagorno-Karabakh is about 150 kilometres away from its Kapan operations, the mining company said
Chaarat Gold reiterates full year production guidance for Kapan project as grades improve
The firm said the improved grades were the result of targeted development work which focussed on “identifying higher grade ore blocks that require minimal development” at the mine
Chaarat Gold on track to produce 55,000 ounces of gold this year
Chaarat Gold is continuing to advance its portfolio of Central Asian assets
Chaarat outlines development plans for 300,000 ounce per year operation at Kyzyltash
Chaarat is positioning itself as a central Asian gold champion
Chaarat Gold shows production growth at Kapan mine in Armenia
Production in the quarter comprised 6,656 ounces of gold, 130,366 ounces of silver, 455 tonnes of copper, and 1,886 tonnes of zinc
Chaarat raises US$13.8mln in new funds, more than was initially anticipated
Chaarat has a currently producing gold mine in Armenia
Chaarat Gold unveils US$12mln fundraising to ‘opportunistically’ strengthen balance sheet
The miner said the proceeds will be used to progress its construction schedule and drilling program at the Tulkubash project in Kyrgyzstan
Chaarat Gold extends maturity date on US$17mln loan, posts 2019 results
The gold miner said it has agreed the extension with the provider of the loan to December 31, 2020 from March 31
Chaarat says demand for its product has remained healthy as it moves to help local communities during coronavirus crisis
Chief executive Artem Volynets said: “We are also pleased to be able to help the communities in which we operate to overcome these difficult times together"
Chaarat Gold makes senior hires
It has appointed a new head of exploration and geology and a VP for government relations as well as a company secretary
Chaarat Gold Kyrgyz mine set for production late next year; mulling deal 'opportunities'
The company also owns the Kapan mine in Armenia, where operational improvements are filtering through to financial performance
Chaarat issues new shares in lieu of fees, and following the exercise of warrants
Chaarat plans to expand its portfolio of gold projects in Central Asia