We initiate coverage of Chaarat, an AIM-listed gold producer making the transformation from junior to mid-cap. It is one of the few London gold companies pursuing an M&A strategy with actions rather than just words. 2019 saw the beginning of Chaarat’s new trajectory with the acquisition of the Kapan operation in Armenia and the start of construction at Tulkubash, its heap leach mine in the Kyrgyz Republic. In the medium term this will be followed by development of its 4.5Moz Kyzylta
22 Apr 2020
Chaarat Gold Holdings - Consolidating gold in the FSU
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Chaarat Gold Holdings - Consolidating gold in the FSU
Chaarat Gold Holdings Ltd. (CGH:LON) | 2.9 0 3.4% | Mkt Cap: 21.1m
- Published:
22 Apr 2020 -
Author:
Cavendish Research -
Pages:
28
We initiate coverage of Chaarat, an AIM-listed gold producer making the transformation from junior to mid-cap. It is one of the few London gold companies pursuing an M&A strategy with actions rather than just words. 2019 saw the beginning of Chaarat’s new trajectory with the acquisition of the Kapan operation in Armenia and the start of construction at Tulkubash, its heap leach mine in the Kyrgyz Republic. In the medium term this will be followed by development of its 4.5Moz Kyzylta