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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: 37 GBX

AIM:CGH
Market: AIM
Market Cap: £194.09 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...

on 21/5/20

2 min read