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Ariana Resources ( (GB:AAU) ) just unveiled an announcement.
Ariana Resources has announced the commencement of operations at the Tavşan Heap-leach Project in Türkiye, following the receipt of final operational permits. This development marks a significant milestone for the company, as it anticipates starting gold production within the current quarter. The project, operated by Zenit Madencilik San. ve Tic. A.S., of which Ariana owns 23.5%, is expected to enhance Ariana’s gold production capacity and strengthen its market position, particularly in light of rising gold and silver prices. The project has a projected mine life of eight years, with potential for further resource growth.
More about Ariana Resources
Ariana Resources PLC is a mineral exploration, development, and production company with interests in gold projects across Africa and Europe. The company is involved in the Tavşan Heap-leach Project in Türkiye, focusing on gold production and leveraging partnerships with Proccea Construction Co. and Ozaltin Holding A.S.
Average Trading Volume: 4,161,683
Technical Sentiment Signal: Sell
Current Market Cap: £39.17M
See more data about AAU stock on TipRanks’ Stock Analysis page.