Proactive Investors - Run By Investors For Investors

Ariana Resources sees strong production again at Kiziltepe

Output was 17% ahead of average annualised quarterly guidance said Ariana
gold pour
Gold recovery rates were 93.7% with 4.83 g/t head grade

Ariana Resources PLC (LON:AAU) has seen another strong quarter at its Kiziltepe gold mine in Turkey.

Production at the mine eased to 7,296 ounces in the three months to January from 7,517oz in the preceding quarter, but this was still 17% ahead of annualised guidance said Ariana.

READ: Ariana Resources gives positive update on exploration and development activities at its projects in Turkey

Mining was affected by planned extensions to the open pit at Arzu South and wet weather, but the use of ore stockpiles meant processing rates and recovery rates remained high. 

Kerim Sener, Ariana’s managing director, said it expects output from the pit to rise again as summer approaches, particularly towards the latter half of this year.

Kiziltepe is part of the Red Rabbit Joint Venture with Turkish firm Proccea Construction and is 50%-owned by Ariana.

View full AAU profile View Profile

Ariana Resources PLC Timeline

Related Articles

The Tran-Siberian railway
May 14 2019
The miner is advancing the Sergeevskoe gold project in the Mogocha district of the Zabaikal’skiy region
Z-1 zeolite quarry
June 27 2019
According to the firm, zeolite's properties make it a critical material for a greener, cleaner 21st century
1546087444_Bonterra---core-shed.jpg
December 29 2018
Bonterra's recent C$21mln raise will help it develop its gold portfolio

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use