Ariana Resources remains on track to meet production target as output rises in Q3

08:55 21/10/2019
StockMarketWire.com - Ariana Resources reported an uptick in gold production in the third quarter of the year, keeping the miner on track to meet its guidance.

Gold production for the quarter was 6,933 ounces, up from 6,438 ounces in the second quarter, exceeding average annualised quarterly guidance by 11%, the company said.

Ore processed for the quarter rose to 55,174 tonnes from 48,132 tonnes at an average head grade to the plant of 4.47 grams per tonne of gold.

Average metallurgical plant recovery of gold for the quarter remained high at 93.7%.

'We remain fully on track to deliver against our guidance of 25,000 ounces of gold for the year, derived from the remaining production expected at the Arzu South pit. Meanwhile, mining activity has commenced at the Derya pit and we look forward to seeing the development of this part of our operation,' said Dr. Kerim Sener, managing director.

At 8:55am: (LON:AAU) Ariana Resources PLC share price was +0.03p at 1.98p


Story provided by StockMarketWire.com

Forex

Commodities

What the Papers Say

telegraph financial times daily mail daily express independent times
12:58 McLaren's new roofless £1.4m Elva is...
source: The Daily Mail
12:36 House prices to rise by £35,000 on...
source: The Daily Mail
12:28 Unilever chairman steps down after U-turn...
source: The Daily Mail
12:20 FTSE LIVE: Wetherspoon boss hits out at...
source: The Daily Mail
12:14 UK inflation hits three-year low; London...
source: The Guardian
12:12 FTSE LIVE: Wetherspoon boss hits out at...
source: The Daily Mail
12:07 Hong Kong gets an Alibaba-sized IPO gift
source: FT.com
12:07 Ayala Corp to invest $238m in companies...
source: FT.com
12:00 The glass is half empty for Bordeaux
source: FT.com
12:00 Infighting undermines ESG standardisation...
source: FT.com
[more ...]