Results

Ariana – another cracking set of numbers from Kiziltepe

Published 3 days ago

AIM-listed Turkish gold producer Ariana has offered up the latest full production numbers for its Kiziltepe joint venture. As I had expected, costs were up a little due to the Turkish Lira strengthening, but the gold price had a good quarter (sadly not sustained…..) so income was up.

Ariana Resources – exploration & development update

Published 55 days ago

AIM-listed Turkish gold producer Ariana (AAU) has announced a positive update this morning regarding its satellite prospects around the Kiziltepe gold plant and at Salinbas on the other side of the country. The news has gone down well, with the market pushing the shares back towards the 2p mark in response...

Looking forward to Ariana’s Q4 numbers at Kiziltepe

Published 109 days ago

AIM-listed Ariana Resources (AAU) told us on 14 January, as it reported Q4 and full year production from its joint venture gold plant at Kiziltepe in Turkey, that it would release full results for the period by early February and I’m really looking forward to that...

Ariana – Directors step in to mop up the buy-back fiasco: still a strong hold

Published 118 days ago

AIM-listed Ariana Resources (AAU) announced a series of director share purchases which, as promised, mops up most of the share buy-back shambles earlier this week. This is good: the shares are in strong hands and shows that the directors have faith. It also shows that they are doing their best to make amends out of their own pockets.

Ariana – will production report see a lift to the share price? I hope so!

Published 131 days ago

Judging by the form of my buy tip for 2019 AIM-listed Ariana Resources over the past nine months, we should see the latest production numbers from its Kiziltetepe joint venture gold plant in Turkey this week. Numbers for the first three quarters have already blown the company’s annual production forecast of 20,000 oz of gold out of the water, having reached almost that figure in nine months. Meanwhile shares in Ariana have had a good run of late, moving up from a low point of almost 1.1p in October to the current 1.575p, putting the company on a market capitalisation of £16.7 million.

Ariana Resources – new drilling programme to commence imminently, shares starting to respond - KEEP BUYING

Published 159 days ago

Ariana Resources (AAU) has updated that a drilling programme is to commence imminently at Kizilcukur, “with the objective of defining a high-grade zone amenable to open-pit mining”

Ariana Resources – follows positive production results with positive exploration results. Buy

Published 175 days ago

Ariana Resources (AAU) has emphasised “excellent exploration results” at its wholly-owned Salinbas project, with it “confident that the testing of some of these targets with drilling will lead to the identification and definition of further resources within the project area”

Ariana – more exploration results from Salinbas, still a buy

Published 176 days ago

Turkish gold miner, AIM-listed Ariana Resources (AAU) has offered up an update on its exploration at the Salinbas gold project in Eastern Turkey this morning. My view has been unchanged, that the Kiziltepe plant was the reason to hold the shares but that Salinbas  - already with a resource inventory of c. 1 million ounces of gold-equivalent – was an interesting speculative bonus. This morning’s news adds to the interest. Eventually, I hope, it will be proved up as a commercial project and add good value.

Ariana – Q3 results from Kiziltepe: still a buy as big cashflow edges closer

Published 193 days ago

Last month we had the Q3 preliminary report from Kiziltepe and this morning AIM-listed Turkish gold producer and explorer Ariana (AAU) offered up fuller numbers on operations at Kiziltepe where Ariana has a half-share in the gold production for the Red Rabbit project in Turkey. We already knew they’d had a blow-out of a quarter (see HERE) but the numbers show just how well it is going.

Ariana – more exploration results from Salinbas: still a buy

Published 218 days ago

AIM-listed Turkish gold miner Ariana (AAU) has this morning updated the market on exploration from Salinbas – part of the Hot Gold Corridor in Eastern Turkey. Having reaffirmed my view that this stock is a buy based on production news the other side of the country, it is pleasing to see share shares respond even if it is this morning’s news which did the trick, rather than my devilish analysis! The shares, having been 1.25p to buy, are now 1.45p to buy...

Ariana Resources – Salinbas JORC exploration target potential - BUY

Published 329 days ago

Ariana Resources (AAU) says that it “is pleased to announce a Joint Ore Reserves Committee Exploration Target for its Salinbas gold project… of up to 2.7Moz gold and 16.1Moz silver established in the Salinbas area, excluding current JORC Indicated and Inferred Resources of c.1Moz gold”. So what is such an ‘exploration target’ and what does it mean here?

Ariana – results: Good work, keep it up

Published 354 days ago

AIM-listed Turkish gold miner Ariana (AAU) has posted its FY17 results. As promised, there are some details of the Kiziltepe joint venture, the results got a clean audit (as opposed to last year which raised the need for more funding) and Ariana has offered the clearest indication yet of an end to dilutive placings. Overall, it makes a pretty happy read.

Ariana – Q1 Kiziltepe quarterly report; still a buy

Published 380 days ago

AIM-listed Ariana Resources (AAU) released its quarterly report this morning for its joint venture mine at Kiziltepe in western Turkey. On the face of it the numbers were again good, although we had prior warning of that back on 16 April when the company released a preliminary production report for Q1. Today’s report fleshed that out a little.

Ariana – gold production update, still a buy - do the maths!

Published 403 days ago

AIM-listed Ariana Resources (AAU) served up a gold production update for its first quarter of 2018 (to the end of March). This is not the quarterly report for the period, which we are told is due in early May, so it is a little light on details but the production news is excellent.

Ariana – production guidance: good news

Published 437 days ago

AIM-listed Ariana Resources has released production guidance at its JV operation at Kiziltepe in Turkey for 2018. The big headline is that the forecast gold production has been upped to 20,000 oz, but there are a few more interesting nuggets to be found.

Ariana Resources - company chat

Published 459 days ago

Following a company chat with Ariana Resources (AAU), I thought I would report back on a few things which came up...

Ariana – more (good) news

Published 532 days ago

Shares in AIM-listed Ariana Resources (AAU) have been a pain since I recommended them back in February. They duly motored north, only for the steam to be well and taken out by a placing. I still reckon there is excellent value here and continue to look for the 2p mark to be achieved (again).

Ariana Resources – latest exploration initial results see it “very excited”... and more to come

Published 555 days ago

Ariana Resources (AAU) has announced the completion of recent exploration across the ‘Hot Gold Corridor’ and within its 1 million ounce Salinbas gold project – and its “exploration team are very excited by these results”...

Gold and Silver moving north: Ariana taking comfort as it announces initial Hot Gold Corridor exploration

Published 623 days ago

AIM-listed Ariana (AAU) has announced completion of an initial exploration at its Hot Gold Corridor  in north-eastern Turkey. Full marks for the name of the prospect! You can read the technical stuff of the RNS HERE, but essentially it sounds as though they think they’ve got some good readings for from copper, lead and zinc readings which leads them to expect to find gold and silver and targets which are already being generated from detailed mapping.

Buy Ariana Resources at 0.95p – target 1.3p to sell PDQ

Published 1484 days ago

Like all small gold explorers Ariana Resources (AAU) has been a complete dog of an investment but at 0.95p to buy we think it will bounce and is a very attractive trade. And there are three reasons why.

Ariana in project sale discussions

Published 1512 days ago

Turkish gold explorer and AIM dog Ariana Resources (AAU) is  talking to several ‘Turkish conglomerates’ about selling all or part of its jointly-owned Salinbas project in the country’s north-eastern Artvin Province, as the AIM-quoted company awaits delayed final permits for its $31 million (£21 million) Kiziltepe project holding an estimated 230,000 oz. in western Turkey. Managing director Kerim Sener says Ariana, with 49% of Salinbas, and its 51% project partner, Toronto-quoted Eldorado Gold, have been hawking Salinbas around for six months and held ‘preliminary discussions’ last week with a local company.

Ariana Resources :The Sale of Salinbas & Potential Massive Cash Windfall of $17 million

Published 1513 days ago

Ariana Resources (AAU), the Turkish focused near term gold miner yesterday announced the results of the scoping study for its 49% owned Salinbas JV gold project it is currently developing with Eldorado Gold (TSX:ELD). Essentially, Salinbas contains 648,900 ounces of gold, 493,300 ounces in the inferred category and 155,500 in the indicated category, the resource is JORC classified. 

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