Ariana Resources PLC (AIM:AAU), the Europe-based gold mining company, reported production of 9,646 ounces of gold during the first half of 2023 at its Kiziltepe Mine in Turkey.
During the first six months of this year, the average monthly mine production stood at around 20,600 tonnes of ore.
Additionally, a stockpile of over 104,000 tonnes, equivalent to three months of production capacity, is being maintained.
Mining operations are predominantly ongoing at Arzu North and Banu, with expansions planned across all previously mined pits.
Construction activities are also in progress at the Tavsan Mine. Several components of the process plant have arrived and are set to be installed in the coming months.
Dr Kerim Sener, managing director of Ariana, stated: "Kiziltepe continues to perform well, in line with our expectations, and we are pursuing opportunities to further extend the life of mine, through further exploration drilling campaigns.
“The drilling is ongoing at a number of satellite project areas, such as Kizilcukur, and a new drilling plan based in part on new geophysical targets encompassing the whole of the Kiziltepe Sector is currently under review.”
The AIM-listed company has maintained its gold production guidance for the year at approximately 18,000 ounces.