Ariana Resources PLC (LON:AAU) has seen another strong quarter at its Kiziltepe gold mine in Turkey.
Production at the mine eased to 7,296 ounces in the three months to January from 7,517oz in the preceding quarter, but this was still 17% ahead of annualised guidance said Ariana.
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Mining was affected by planned extensions to the open pit at Arzu South and wet weather, but the use of ore stockpiles meant processing rates and recovery rates remained high.
Kerim Sener, Ariana’s managing director, said it expects output from the pit to rise again as summer approaches, particularly towards the latter half of this year.
Kiziltepe is part of the Red Rabbit Joint Venture with Turkish firm Proccea Construction and is 50%-owned by Ariana.