Chaarat published a positive 1Q20 operational update, reporting a significant 14% production cost improvement at Kapan and maintaining FY20 guidance of 55koz of gold equivalent. The announcement also describes operational improvements at Kapan, which builds further confidence in Chaarat’s forward planning and execution capabilities. Kapan’s production costs were US$1,074/oz during the period versus US$1,242/oz during 4Q19. Tonnes mined were up slightly QoQ, overall recoveries impr
21 May 2020
Chaarat Gold Holdings - 1Q20 - solid Kapan performance
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Chaarat Gold Holdings - 1Q20 - solid Kapan performance
Chaarat Gold Holdings Ltd. (CGH:LON) | 4.1 0 (-11.8%) | Mkt Cap: 29.9m
- Published:
21 May 2020 -
Author:
Cavendish Research -
Pages:
3
Chaarat published a positive 1Q20 operational update, reporting a significant 14% production cost improvement at Kapan and maintaining FY20 guidance of 55koz of gold equivalent. The announcement also describes operational improvements at Kapan, which builds further confidence in Chaarat’s forward planning and execution capabilities. Kapan’s production costs were US$1,074/oz during the period versus US$1,242/oz during 4Q19. Tonnes mined were up slightly QoQ, overall recoveries impr