Business
Final Results For The Year Ended 31 December 2022
Final Results For The Year Ended 31 December 2022.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\").\n\n\n\n\n\n\n\n\n\n\n\n\n \n06 June 2023\nAIM: AAU\nFINAL AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022\nNOTICE OF ANNUAL GENERAL MEETING (\"AGM\")\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, announces its final audited results for the year ended 31 December 2022.\n \nThe Report and Accounts will be posted to shareholders as applicable and are available on the Company's website.\n \nIn accordance with Rule 20 of the AIM Rules, Ariana Resources confirms that the annual report and accounts for the year ended 31 December 2022 and notice of the Annual General Meeting (\"AGM\") and related proxy form will be available to view on the Company's website on 06 June 2023 and will be posted to shareholders. The AGM will be held on 29 June 2023, at 10.30 a.m. at East India Club, 16 St James's Square, London, SW1Y 4LH.\n \nChairman's Statement\n \nIn looking forward to the next financial year and beyond, it is worth highlighting Ariana's transformation over the past 20 years from a grassroots gold explorer to an international multi-commodity, multi-region explorer and developer, funded via successful mining operations. Over this period, and specifically since achieving profitability in 2016, we have created a self-sustaining, cash positive, debt free business model, which allows us to leverage our strengths to grow our business.\n \nThis reshaping of our business is occurring against a tipping point in the world economy. Multiple factors are contributing to a 'perfect storm' in demand for precious and technology metals. The key factors are the banking crisis, the Ukraine war, the demand for metals for the de-carbonisation of energy, and the ever increasing gap between the rate of discovery and demand for mineral resources in general. Against this backdrop, central bank purchases of gold are at their highest for 50 years; in 2022 central bank gold reserves increased by 1,136 tonn...