logo-loader

Much lowing hanging fruit for cash flow positive Ariana Resources

Last updated: 15:33 15 Feb 2019 GMT, First published: 10:33 15 Feb 2019 GMT

Kerim Sener, managing director of Ariana Resources PLC (LON:AAU) says for the first time in many years the company is cash flow positive and the business is "entering a very exciting period."   He puts the financial stability down to successful operations at Kiziltepe.

Additional funding has come in the form of a capital repatriation from Ariana's Turkish subsidiary Galata with the recent tranche of £3.79mln being deployed across all projects in the group.

Sener highlighted advanced opportunities at Kizilcukur and Salinbas adding "We're in the fortunate position of several low hanging fruit."

Ariana Resources updates resource and reserve; realises long-term strategy

Joining Jonathan Jackson in the Proactive studio is Ariana Resources PLC (AIM:AAU) managing director Kerim Sener, who sits down to discuss the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye. The update encompasses the Kiziltepe and Tavsan sectors, operated...

6 hours, 56 minutes ago