Equities analysts have responded positively to Ariana Resources PLC (AIM:AAU)’s Turkey-based partnership signing of a US$20 million credit facility to support operations at the Kiziltepe gold-silver mine and the Tavsan mine construction programme.
“The favourable terms of the loan, in our opinion, underlines the benefits of Ariana’s partnerships and the quality of its Turkish assets,” WH Ireland analysts said of the deal.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) told investors its shares will be included in the Russell 2000 Index from 1 July, following the latest reshuffle of the benchmark.
"We are excited to join the Russell 2000 Index and increase our exposure to the US investment community, particularly following our solid first quarter results and the recent listing on the NYSE,” chief executive Rusty Hutson said in a statement.
Thor Explorations Ltd's (TSX-V:THX, AIM:THX, OTC:THXPF) Segilola gold mine in Nigeria is on track to meet 2024’s production target after the main operating units performed better than expected in the first quarter.
Gold produced from Segilola in the three months to end-March totalled 19,589 ounces at an average mill grade of 2.85 grammes per tonne and recovery at 90.71%.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has received an additional US$250,000 of non-dilutive funding thanks to its latest research grant from the US Department of Energy (DOE).
Proceeds will support well-testing activities on the State 36-2R LNW-CC well at the company's project in the Paradox Basin, Utah.
Ariana Resources PLC (AIM:AAU)'s partnership in Turkey has arranged a US$20 million credit facility to support operations at the Kiziltepe gold-silver mine and the Tavsan mine construction programme.
Turkey’s largest bank, Ziraat Bankasi, will provide non-recourse finance at an effective interest rate of 8.5% repayable over three years with no hedging or currency swap requirements.