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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: 33.5 GBX

AIM:CGH
Market: AIM
Market Cap: £175.73 m
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Chaarat Gold reports 'steady and stable' production at Kapan mine in Armenia

Chaarat Gold Holdings Ltd's (LON:CCG) Artem Volynets updates Proactive London's Andrew Scott on first quarter production and developments at the company. Production at the Kapan mine in Armenia came in at 12,992 gold equivalent ounces in the first quarter. That marks a 12% improvement...

1 week, 2 days ago

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