The company also took several steps to help alleviate the impact of coronavirus in its areas of operations in Armenia and Kyrgyzstan, including donating beds and equipment to the medical centre of Kapan, providing diagnostic kits and masks, and providing computers to school children.
The company has had its first case of the virus at Tulkubash in Kyrgyzstan, and is taking all possible precautions there.
Meanwhile, at Tulkubash, Chaarat is continuing with detailed engineering, and current works are being completed on time despite precautionary measures taken in response to the coronavirus.
Design on the Heap Leach Facility (HLF) and Adsorption-Desorption Recovery Facilities (ADR) is almost complete, and work on the crushing circuit and final equipment selection is ongoing. Further equipment mobilisation is on hold, as previously announced, due to the ongoing international travel and border restrictions.
The company is continuing its discussions with several parties and is working to finalise the project financing by the end of 2020.