PRECIOUS METALS

Ariana's guidance down on 2018 numbers

Miner says 25,000oz to come as Turkish mine moves to final stage of first pit

Staff reporter
The Arzu North pit at Kiziltepe

The Arzu North pit at Kiziltepe

Last year was the first full year of production at the Turkish mine. 

Ariana said 2019 would see the openpit operation hit throughput of 195,000 tonnes at a grade of 5g/t and recoveries around 90%.

Managing director Kerim Sener said he was confident the onsite team could manage the winding down of the Arzu North pit.

"Our gold production guidance for the JV is up 25% from last year's guidance, and is estimated at circa 25,000 oz for the year, reflecting a further increase in expected grades as we mine deeper into the Arzu South pit and the maintenance of high monthly mill throughputs," he said.

"Although ore output from Arzu South will be variable through the year due to the pushbacks required to accommodate the final stage of mining, current stockpiles are expected to provide for any shortfalls in output such that mill throughput can be maintained at the highest levels through the year."

Mining will move onto satellite pits in 2020, the company said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.