13.8 C
Supported byspot_img

Ariana forecasts higher output from Turkey mine

Member of Europium Groupspot_img
Supported byspot_img

The Kiziltepe mine – a joint venture between London-listed Ariana Resources and Turkey’s Proccea Construction – will produce significantly more gold this year, than it did in 2017.

In a 2018 production guidance, issued on Monday, Ariana stated that the Turkey-based mine would produce 20 000 oz of gold, which equated to a 47% increase on the 10 191 oz produced in 2017 and was 21% above the feasibility plan for the second year of operations.

The mine plan forecasts monthly production of ore of between 15 500 t and 17 000 t during the year.

Supported by

The average mill throughput will be 20% above the feasibility plan at 180 000 t, with gold to be processed at 4 g/t.

Previously, the target production for Kiziltepe based on the feasibility study was 20 000 oz/y of gold equivalent, which included both the gold and the silver output from the operation. However, Ariana said that silver would only be treated as a byproduct credit.

Source: m.miningweekly.com

Supported byElevatePR Digital

Related News

OCSiAl expands SWCNT dispersion facility in Serbia to boost battery innovation

OCSiAl has completed construction of a state-of-the-art facility in Serbia dedicated to producing single wall carbon nanotube (SWCNT) dispersions. This facility, set to commence...

Europe’s position in the expanding battery market

The automotive industry is at a crossroads, necessitating transformation. Europe's focus on establishing expertise and capacity in battery cell production is crucial, supported by...

Ensuring responsible mineral supply chains in the renewable energy transition

The shift towards renewable energy is heavily reliant on minerals like copper, cobalt, bauxite and lithium for technologies such as batteries, electric vehicles, and...

Covas do Barroso: Local resistance against the push for lithium mining in Portugal

In the tranquil Portuguese village of Covas do Barroso, Nelson Gomes begins his day at dawn, tending to his cows and tending his vegetable...
Supported by
Supported by
Supported by
error: Content is protected !!