Artem Volynets, chief executive of Chaarat Gold Holdings Ltd (LON:CGH), spoke to Proactive London's Andrew Scott soon after after completing the US$55mln acquisition of Kapan Mining and Processing Company from precious metals giant Polymetal International PLC (LON:POLY).
The deal takes Chaarat’s anticipated gold equivalent production to 65,000 ounces per year.
Production at Kapan began in 2003 and the current reserve life extends to 2023, although conversion of current inferred resources to reserves and new exploration success is likely to extend the mine life.
