Business
FINAL RESULTS FOR THE YEAR 31 DECEMBER 2018
FINAL RESULTS FOR THE YEAR 31 DECEMBER 2018.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1433B Ariana Resources PLC 05 June 2019 \n \n\n5 June 2019\nAIM: AAU\nFINAL AUDITED RESULTS FOR THE YEAR 31 DECEMBER 2018\nNOTICE OF ANNUAL GENERAL MEETING (\"AGM\")\nAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company operating in Turkey, announces its final audited results for the year ended 31 December 2018. \nThe Report and Accounts will be posted to shareholders as applicable, and are available on the Company's website www.arianaresources.com, together with the Notice of AGM, and extracts are set out below.\nThe AGM will be held at the East India Club, 16 St James's Square, London, SW1Y 4LH on 28th June 2019 at 11.00 am.\nContacts:\n\n\n\n\nAriana Resources plc\n\n\nTel: +44 (0) 20 7407 3616\n\n\n\n\nMichael de Villiers, Chairman\n\n\n \n\n\n\n\nKerim Sener, Managing Director\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBeaumont Cornish Limited\n\n\nTel: +44 (0) 20 7628 3396\n\n\n\n\nRoland Cornish / Felicity Geidt\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nPanmure Gordon (UK) Limited\n\n\nTel: +44 (0) 20 7886 2500\n\n\n\n\nAtholl Tweedie / James Stearns\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nYellow Jersey PR Limited\n\n\nTel: +44 (0) 20 3004 9512\n\n\n\n\nFelicity Winkles / Tim Thompson / Harriet Jackson \n/ Henry Wilkinson\n\n\[email protected]\n\n\n\n\n \nChairman's Statement\nAriana continues to deliver outstanding results from year to year and 2018 has been no exception. Gold production from our joint venture Kiziltepe Mine, in excess of 27,100 ounces was 36% above guidance for the year. The mine has achieved an average cash-cost of US$415 per ounce which is half of the current international average, placing the mine within the lowest cash-cost quartile.\n \nMeanwhile exploration is continuing apace across all project areas and the coming year is on target to be our busiest year of exploration activity to date. Exploration has delivered excellent results with a Company average discovery cost of US$15 per ounce, placing Ariana within the lowest international cost quartile.\n \nBoth the production and exploration teams must be commended for maintaining their focus on both the job at hand as well as looking ahead to take advantage of new opportunities. To this end, our st...