Ariana Resources provides 2021 JV production guidance : vima

Ariana Resources provides 2021 JV production guidance


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Ariana Resources plc, an AIM-listed exploration and development company operating in Europe, has announced the production guidance for 2021 for its joint venture (JV) Kiziltepe Mine. Kiziltepe is 23.5% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S.
Highlights
Gold production guidance for 2021 from Kiziltepe is expected to be approximately 19 000 oz of gold (Au), approximately 90% above feasibility plan for this approximate stage of mine life.
Average monthly production is expected at approximately 27 000 t of ore, peaking during 2Q21; a stockpile of over 240 000 t, representing well over a year of current production capacity, has already been built up on site.

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