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Ariana Resources set to exceed production guidance after record-breaking third quarter

Published: 08:34 15 Oct 2018 BST

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Gold production at Kiziltepe continues to rise

Ariana Resources plc (LON:AAU) produced a record 7,588 ounces of gold in the third quarter of 2018, up significantly from the 7,171 ounces produced in the second quarter.

Total ore processed for the quarter was 46,214 tonnes at an average head grade to the plant of 4.43 g/t gold.

WATCH: 'All guns blazing' for Ariana Resources after record quarter at Kiziltepe

The average metallurgical plant recovery of gold for the quarter remains high at 93.9%.

The company will exceed its full-year production guidance of 20,000 ounces of gold, having achieved a total of 19,625 ounces by the end of the third quarter.

Ariana Resources drilling across all key projects

Ariana Resources PLC (AIM:AAU) managing director Kerim Sener gives Proactive an update on its Asgard Metals Fund. He says the companies have successfully raised additional funds both privately and through the capital markets, totalling circa A$5,500,000, which he says has been a real...

on 20/11/23