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Chaarat Gold outlines terms of its offer for the Kumtor mine in Kyrgyzstan

Chaarat Gold Holdings Ltd's (AIM: CGH) Dusty Nicol and Artem Volynets discuss with Proactive Investors the recent proposal they've made in relation to the potential acquisition of the Kumtor mine from Centerra Gold Inc (TSE:CG)

The mine currently produces around half a million ounces of gold a year, and is one of Kyrgyzstan’s biggest.

Since recording Chaarat's confirmed the proposal values Kumtor at US$800 million.

Separately, the company has also started drilling on its Tulkubash gold project, also in Kyrgyzstan, and a visual inspection of the core produced so far has indicated that mineralisation has already been intersected.

Quick facts: Chaarat Gold Holdings Ltd

Price: 34.2 GBX

Market: AIM
Market Cap: £155.86 m

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Chaarat Gold strengthens institutional investor base with US$5.8mln raise

Chaarat Gold Holdings Limited’s (LON:CGH) chief executive Artem Volynets caught up with Proactive London's Andrew Scott to discuss this morning's equity raise which was completed at a premium to the current share price. The miner raised US$5.8mln to primarily strengthen its institutional...

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