Chaarat Gold Holdings Ltd (AIM:CGH, FRA:9IS) produced just under 26,000 ounces of gold equivalent from its Kapan mine in Armenia during the six months to June 2021.
All-in-sustaining costs rang in at US$1,063 per ounce, down slightly on a year earlier.
EBITDA rose significantly, to US$13.5mln.
Third-party ore production contributed US$1.8mln.
Meanwhile, exploration and development work continued on the projects in Kyrgyzstan.
Net debt stood at US$18.5mln as of 30 June 2021.
Chaarat remains on track to deliver on its 57,000 ounce guidance for the year.