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Ariana – cracking update from Kiziltepe: buy

By Nigel Somerville | Wednesday 11 July 2018


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Turkish gold producer and explorer Ariana Resources (AAU) announced its second quarter production numbers from its JV Kiziltepe mine this morning, and the numbers blew me away. With an annual target of 20,000 oz of gold production, it achieved 7,171 oz – a 47% increase quarter on quarter.

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