The Ariana Resources Turkish mine is still producing the goods
(Kitco News) - Ariana Resources have announced it produced around 5,125 ounces of gold at its Kiziltepe mine in Turkey during the quarter ended September 30, 2020.
The mine called Kiziltepe is part of the Red Rabbit which is a joint venture with Proccea Construction and is 50%-owned by Ariana. Ariana continues to guide for full-year production of 18,000 ounces.
The company commented that "Material movements remain very high, while process plant throughput remains well above average, setting yet another record for the operation,”
Ariana managing director Dr Kerim Sener went on to say “The mill reached an annualised throughput rate of almost 230,000 tonnes per annum which represents an increase of over 53% above the feasibility designed rate. Production from our highest-grade pit, Arzu South, came to a close during August and production has shifted entirely to the Arzu North and Derya pits. Meanwhile, the mine continues to maintain a stockpile of over 160,000 tonnes, sufficient to cover about ten months of mill feed at average throughput rates,”.