Ariana Resources plc

AAU

GB00B085SD50

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:23 2024-05-02 am EDT			5-day change	1st Jan Change
2.4 ^GBX	-5.88%		-15.04%	+6.67%

May. 01	Norcros sets out strategic aims; Synthomer seals sale	AN
Apr. 25	Ariana Resources Agrees Merger with Rockover, Seeks Dual Listing in Australia	MT

Ariana Resources production at Turkish mine beats forecasts

January 17, 2024 at 12:26 pm EST

Ariana Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Announces full-year production results for year ended December 31 for the Kiziltepe mine in Turkey. Kiziltepe is 24% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. Says Kiziltepe produced (and sold) a total of 17,683 ounces of gold during the year, including gold in carbon, exceeding full-year production guidance of 18,000 oz gold for 2023. Reports gross full-year revenue of USD39.2 million at an average realised gold price of USD1,945 per ounce, with an average revenue per gold ounce of USD2,218.

Current stock price: 2.10 pence, down 6.7% in London on Wednesday

12-month change: down 33%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	US DOLLAR / TURKISH LIRA	32.34 TRY	-0.08%	-0.65%	-
	ARIANA RESOURCES PLC	2.4 GBX	-5.88%	-15.04%	36.51M

Latest news about Ariana Resources plc

Norcros sets out strategic aims; Synthomer seals sale	May. 01	AN
Ariana Resources Agrees Merger with Rockover, Seeks Dual Listing in Australia	Apr. 25	MT
Ariana Resources agrees all-share merger with Zimbabwe project owner	Apr. 25	AN
Ariana Resources plc agreed to acquire 97.9% stake in Rockover Holdings Limited.	Apr. 24	CI
Develop North net asset value down amid rising rates	Mar. 28	AN
Ariana Resources plc Announces Resource and Reserve Update for the Zenit Mining Operations in Western Turkiye	Mar. 26	CI
EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties	Mar. 12	AN
Ariana Resources plc Announces Recent Resource and Extension Drilling Results from the Tav San Project	Mar. 12	CI
EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down	Feb. 22	AN
Ariana Resources plc Announces Positive Results from the Fourth 2023 Drilling Programme At the Kizilcukur Project	Feb. 22	CI
Ariana Resources completes Dokwe due diligence drilling	Feb. 15	AN
Ariana Resources plc Provides an Update on the Due-Diligence Programme At Dokwe Gold Project in Zimbabwe	Feb. 15	CI
EARNINGS AND TRADING: STV raises holding in Two Cities Television	Jan. 31	AN
Ariana Resources Boosts Stakes in Rockover Holdings, Panther Metals	Jan. 31	MT
Ariana Resources production at Turkish mine beats forecasts	Jan. 17	AN
Ariana Resources plc Announces Production Results for the Year Ended 31 December 2023	Jan. 17	CI
Guild Esports hails Counter-Strike-focused deal	Dec. 21	AN
Ariana Resources on Track for FY24 Gold Production at Turkey Project; Shares Climb	Dec. 21	MT
Ariana Resources plc Announces Recent Resource and Extension Drilling Results from the Tav San Project	Dec. 21	CI
Ariana Resources completes Hizarliyayla drilling programme	Dec. 06	AN
Ariana Resources plc Announces Further Positive Drilling Results At Hizarliyayla	Dec. 06	CI
Ariana Resources shares rise on significant results at Salinbas	Nov. 30	AN
Ariana Resources plc Announces Further Set of Results from the Ongoing Drilling Programme at Salinbas	Nov. 30	CI
Ariana Resources says drilling at Kizilcukur shows "great" results	Nov. 28	AN
Ariana Resources plc Announces Positive Results from Recentdrilling Programmeat the Kizilcukur Project of the Kiziltepe Sector	Nov. 28	CI

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Company Profile

Ariana Resources plc is a United Kingdom-based mineral exploration and development company. The Company's interests include gold production in Turkiye and copper-gold exploration and development projects in Cyprus and Kosovo. The Company holds an approximately 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Ozaltin Holding A.S. and Proccea Construction Co. in Turkiye. The joint venture comprises the Kiziltepe Mine and the Tavsan and Salinbas projects. The Kiziltepe Gold-Silver Mine is located in western Turkiye. The Tavsan Gold Mine is located in western Turkiye and contains a JORC Measured, Indicated and Inferred Resource of approximately 311,000 ounces gold and 1.1 million ounces silver. The Salinbas Gold Project is located in north-eastern Turkiye and contains a JORC Measured, Indicated and Inferred Resource of around 1.5 million ounces of gold. It owns 100% of Asgard Metals Fund; 75% of Western Tethyan Resources Ltd, and 61% of Venus Minerals PLC.

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Diversified Mining

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Sector Integrated Mining

	1st Jan change	Capi.
ARIANA RESOURCES PLC	+6.67%	36.51M
BHP GROUP LIMITED	-15.93%	139B
RIO TINTO PLC	-6.85%	116B
GLENCORE PLC	-2.84%	70.8B
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+4.22%	49.5B
GRUPO MÉXICO, S.A.B. DE C.V.	+15.88%	48.35B
ANGLO AMERICAN PLC	+35.06%	39.91B
TECK RESOURCES LIMITED	+18.46%	25.13B
HINDUSTAN ZINC LIMITED	+35.83%	21.61B
VEDANTA LIMITED	+58.89%	17.7B

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Ariana Resources plc

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AAU

GB00B085SD50

Diversified Mining

Ariana Resources production at Turkish mine beats forecasts

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Sector Integrated Mining