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Chaarat Gold kicks off 2019 as a producer following completion of Kapan deal

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.

Quick facts: Chaarat Gold Holdings Ltd

Price: 29.3 GBX

AIM:CGH
Market: AIM
Market Cap: £158.24 m
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Chaarat Gold Holdings 'emerge as much stronger company' in 2020, after...

Chaarat Gold Holdings Ltd's (LON:CGH) CEO Artem Volynets talks to Proactive London following the release of their full year 2020 production, operational and financial update. He goes into detail about managing to exceed production guidance at its Kapan Mine in Armenia as well as making...

6 days, 14 hours ago

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