Ariana Resources is advancing gold opportunities in Turkey

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  • Ariana sets out details of special dividend payouts
  • How Ariana Resources turned a GBP5 idea into GBP50 million
  • Ariana Resources completes Zenit and Pontid agreements, boosts Magellan resource
gold

Quick facts: Ariana Resources PLC

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Ariana Resources plc is an AIM-listed gold-silver exploration and development company with operations in Turkey. It has a proven strategy of identifying and developing mineral resources and advancing them to production through joint ventures.

20 Jul 2021

() is planning to pay a special dividend in three tranches, subject to the completion of the previously announced capital reduction process, which is being finalised in July 2021.

The first tranche of the special dividend of 0.35p per ordinary share will be declared as an interim dividend and paid during the third quarter of this year.

The second tranche of 0.175p is intended as a second interim dividend and paid six months thereafter.

The final tranche of 0.175p will be proposed for approval at the 2021 annual general meeting.

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14 Jul 2021

‘s () chairman hailed the dawn of a “new age” as the gold-silver exploration and development company continued to advance a strategy that he said will allow it to “pay dividends over the long term”.

In an outlook statement accompanying results, Michael de Villiers said the miner will continue to focus on discovering mineral resources by “mitigating risks, mobilising cutting-edge technologies, minimising environmental impact and maximising partnerships with local communities”.

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13 Jul 2021

() announced the launch of a discovery fund to assess potential investments in discovery-stage mineral exploration companies.

The wholly owned fund, Asgard Metals Fund, is being developed as part of Ariana’s proprietary Project Catalyst Strategy.

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18 Feb 2021

“Figuring out how to turn a GBP5 idea into a company worth about GBP50mln” – this is how Kerim Sener describes the process of transforming Ariana Resources () from an upstart explorer into a gold producer over the last eighteen years.

There’s been little stopping Ariana after it kicked off production at its first gold mine, Kiziltepe in western Turkey, four years ago.

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09 Dec 2020

‘s () Kerim Sener talks to Proactive London’s Katie Pilbeam about the completed conditional agreements on its joint venture with Ozaltin Holding A.S and with Proccea Construction.

He says this new “powerful” joint venture partner will “support our strategy associated with western Turkey assets”.

Under the terms of this agreement, Ozaltin will be acquiring 53% of both Pontid Madencilik Sanayi ve Ticaret A.S, the owner of the Salinbas project, and the existing Zenit Madencilik San. ve Tic. A.S. joint venture, which is currently owned by Ariana in a 50:50 partnership with Proccea.

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