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Chaarat Gold to acquire producing and profitable polymetallic mine

Artem Volynets, chief executive of Chaarat Gold Holdings Ltd (LON:CGH), tells Proactive's Andrew Scott they're raising up to US$100mln to help fund the acquisition of a producing and profitable polymetallic mine in the Russian Commonwealth.

In 2017, the mine produced around 50,000 ounces of gold equivalent and turned a profit before tax of US$19mln, while the gross assets were valued at US$100mln.

Quick facts: Chaarat Gold Holdings Ltd

Price: 34.2 GBX

AIM:CGH
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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