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15 March 2021 | 08:52am StockMarketWire.com - Exploration and development company Ariana Resources said it expected to produce 19,000 ounces of gold in 2021 from its Kiziltepe mine in Turkey following increased operational capacity. The annual production target was around 90% higher than anticipated in the feasibility plan for this stage, the company said. Average monthly production from the mine was expected to be about 27,000 tonnes of ore, peaking during the second quarter, while a stockpile of over 240,000 tonnes. During Q1 2021, mining had largely focused on the Arzu North open-pit, wit...

17 February 2021 | 09:37am StockMarketWire.com - Exploration and development company Ariana Resources said it had completed its joint venture with Ozaltin and Proccea Construction after all conditions for the JV were met. Under the terms of the JV, the company sold a partial stake of its interests in Turkey for US$37.75 million in cash before costs and taxation. Ariana and Proccea retained a 23.5% stake in expanded joint venture, with Ozaltin owning 53%. The joint venture comprised the Kiziltepe mine and the Tavsan and Salinbas projects. Process plant expansion at Kiziltepe was 'well underw...