Ariana Resources Logo

Ariana Resources (AIM:AAU) is a gold exploration and development company with joint venture gold mining operations in Turkey, the largest gold producing country in Europe. Ongoing exploration and development is supported by a profitable, low operating cost gold mine in western Turkey. Ariana's vision is to increase gold production from their joint venture towards 50,000 ounces of gold per annum. WThe company is also exploring and developing the Salinbas Project which demonstrates the potential to be a multi-million ounce gold and base-metal deposit.

The Kiziltepe Mine has been generating positive cashflow since the start of commercial operations in July 2017. Meanwhile the Salinas Gold Project represents a significant opportunity for the future growth of Ariana, containing 1 million ounces of gold defined. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The “Hot Gold Corridor” contains several significant gold-copper projects including the 4Moz Hot Maden project which lies 16km to the south of Salinbas and 7km south of Hizarliyayla.

 

Latest Articles

It’s been a good year for shareholders in Arian Resources (LSE:AAU). The recent rally in the gold price has helped bolster the company’s share price, which is now up 50% this year at 2.25p per sha...

Ariana Resources’ (LSE:AAU) strong week continued on Thursday with the ‘highly encouraging’ news that it had encountered bonanza-grade gold and silver mineralisation at Kizilcukur project in Tur...

Ariana Resources (LSE:AAU) enjoyed an 8.6pc boost to 2.1p on Wednesday following the release of a robust set of 2018 results that saw it reveal enhanced gold production and profits. The £22.2m busine...

Ariana Resources (LSE:AAU) sat at 1.97p on Monday morning after revealing that low operating cash costs at its Kiziltepe mine have continued into 2019. In a quarterly update for the Turkey-based asset...

On Tuesday, Ariana Resources (LSE:AAU) updated the market on developments at its Salinbas Gold Project in Turkey. The firm has received approval for a 10-year renewal of the Salinbas license from the ...

Ariana Resources (LSE:AAU) sat at 1.77p on Tuesday after revealing that it may have found a way to extend the life of its Kiziltepe mine in Turkey. The business said infill resource drilling has demon...

Ariana Resources (LSE:AAU) released a production update on Tuesday regarding its mining operations at the Kiziltepe Mine in Turkey. Gold production from the mine in the first quarter of this year exce...

Ariana Resources (LSE:AAU) jumped 8.5pc on Friday after revealing strong exploration and development progress across its assets in Turkey. The business, which currently has a £20.4m market cap, reve...

Ariana Resources (LSE:AAU) had a positive end to the year continuing a strong run of production from its Turkish gold mine. Gross income for the final quarter was $10.62m from production and sale of 7...

Ariana Resources (LSE: AAU) climbed 8% on Tuesday on news that it will receive up to £3.79m worth of capital from its subsidiary Galata Madencilik. Galata, Ariana’s wholly-owned Turkish operating c...