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Ariana – Q4 gold production numbers see FY target beaten by 12%. Now, what about that corporate action?

By Nigel Somerville | Thursday 16 January 2020


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 Ariana Resources (AAU) continues to follow the under-promise and over-deliver formula in some style. This morning saw Q4 production numbers from its joint venture Kiziltepe mine showing 7,318 ounces of gold produced to bring the total for the year to 27,985 ounces – against a forecast of just 25,000 ounces. And the good news did not stop there.

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