International news within the industry of mining and metal, Mar, 24 2019
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Turkish gold mine to boost output this year

Photo: Ariana Resources
Photo: Ariana Resources
Published by
Jaroslaw Adamowski - 13 Mar 2019

Production to rise London-based miner Ariana Resources has un-veiled its production guidance for the Kiziltepe mine in south-eastern Turkey for 2019, with plans to significantly expand its output.

“Notably, our gold production guidance for the JV is up 25% from last year’s guidance, and is estimated at circa 25,000 oz for the year, re-flecting a further increase in expected grades as we mine deeper into the Arzu South pit and the maintenance of high monthly mill through-puts,” the miner said in a statement. “Ore throughput to the mill during 2019 is expected at c. 195,000 tonnes, which represents a 30% in-crease over the feasibility plan.”

The Turkish mine is part of the Red Rabbit joint venture with Proccea Construction Co. in which Ariana Resources holds a 50% stake through the company’s shareholding in local firm Zenit Madencilik San. ve Tic. A.S.