Ariana Resources PLC

Ariana Resources PLC (LSE: AAU) is an FTSE AIM All-Share listed company, engaged in gold-silver exploration and development. It operates through two segments: mining and other reconciling items. The mining segment incorporates the acquisition, exploration, and development of mineral resources.

• Asgard Portfolio Update: The company increased the current investment in Rockover Holdings to approx. 2.1% with an investment of USD 150,000. Also, the company further increased its investment in Panther Metals to close to 5.5%.
• Production Update: The group announced, Kiziltepe produced 17,683 oz of gold during FY23 which includes the gold in carbon and circuit by FY23 end (>500 oz), which potentially might exceed the production guidance of 18,000 oz in FY23.
• Mining operations: The company is continuing its mining operations across Arzu North, Derya, and Banu along with new permits which are expected to increase the extension of the Banu pit in 2024.
• Annual Update: The gross sales were reported at USD 39.2 mn, with an average realized gold price of USD 1,945/ oz whereas the revenue per gold sold was reported at USD 2,218/ oz, in FY23. The mine production was recorded at 151,041 oz and for silver, the production was 1,682,265 oz with a total revenue of USD 274 mn, since 2017.
• Outlook: The management is optimistic and announced that the production mine has been functioning past seven years and the group is currently working towards completing an updated Resource/ Reserve Estimate to close the Kizilteoe mining operations in the next few years. Also, the company is working towards acquiring various other mining locations.

Share Price Chart

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Ariana Resources PLC (LSE: AAU) was trading at the current market price of GBX 2.00 (as of 31 January 2024, 08:15 AM, GMT)  

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 31 January 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.