Chaarat Gold Holdings Ltd's (LON:CGH) Artem Volynets joins Proactive London's Katie Pilbeam to discuss their latest results which reveal the firm has moved into a profit in 2020 on increased production from its Kapan mine in Armenia.
A rise in commodity prices in the second half of the year also played their part which has resulted in 'record results' for the last year with EBITDA of US$9.3mln, compared with a loss of US$12.8mln in 2019, as revenue grew 12.5% to US$76.0mln.
Volynets says he believes these results are 'excellent' considering a year 'full of challenges' not only Covid-19 but geopolitical tensions in the region to contend with also.