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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: 35.9 GBX

AIM:CGH
Market: AIM
Market Cap: £188.32 m
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Chaarat Gold CEO updates on production and discusses large new exploration...

Chaarat Gold Holdings Ltd's (LON:CGH) Artem Volynets tells Proactive London's Andrew Scott they produced 26,960 ounces of gold equivalent from its Kapan mine in Armenia during the first half of 2020 and expects to produce 55,000 ounces of gold for the year. At Tulkubash, he says they're...

7 hours, 15 minutes ago

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