Business
2025 Gold Production Guidance
2025 Gold Production Guidance.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n18 March 2025\n \n2025 GOLD PRODUCTION GUIDANCE\n \n25% PRODUCTION INCREASE EXPECTED\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce the production guidance for 2025 from its interest in the Zenit Mining Operations (\"Zenit\" or \"the Project\"). Zenit is 23.5% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S.\n \nHighlights:\n· Increased gold production guidance for 2025 from Zenit is expected to be c.25,000 ounces of gold* (2024: c.20,000 ounces of gold*), inclusive of gold production from Kiziltepe and Tavsan.\n· Average monthly mill throughput is expected at c.25,000 tonnes of ore, with a stockpile of c.20,000 tonnes at c.1.95 g/t Au currently maintained at Kiziltepe.\n· Ore stockpiled at Tavsan and awaiting stacking onto the heap-leach pads is c.600,000 tonnes as they remain in construction.\n· Average grade of gold to be mined during the first half year from Kiziltepe is expected to be c.1.90 g/t Au and gold recovery is expected to average c.90%.\n· Open-pit mining will continue largely at the Arzu South pit at Kiziltepe and focusing on high-grade (c.2.5 g/t gold) areas at the Tavsan Main pit during 2025.\n· Working capital cash on hand within Zenit is currently being maintained at c.US$10 million.\n* Silver production guidance is not provided, as silver is treated as a by-product credit. All figures are stated gross to the Project unless otherwise stated.\n \nDr. Kerim Sener, Managing Director, commented:\n\"As the Tavsan Mine nears completion, we are very pleased to provide our production guidance for 2025, which is expected to be a 25% increase from last year. Production from both Kiziltepe and Tavsan is expected to be approximately 25,000 ounces of gold during the year delivering at an estimated combined cash cost of c.US$1,500 per ounce. High-grade ore from Tavsan will be processed through the CIL plant, while the heap-leach operation is commissioned in the coming months.\n\n\"Construction of the Tavsan mine is now largely drawing to a close, with the completion of the heap-leach pad...