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Chaarat lifts volumes, shaves costs in first quarter

AIM-listed Chaarat Gold increased gold production and lowered costs in the first quarter of 2020, as operations at the company’s Kapan mine in Armenia continued uninterrupted despite the COVID-19 outbreak.

Tom Hoskyns
Chaarat Gold's Tulkabash heap leach project is located in Western Kyrgyzstan

Chaarat Gold's Tulkabash heap leach project is located in Western Kyrgyzstan

Gold equivalent production at Kapan - Chaarat's sole producing asset - amounted to 12,992oz, an increase of 12% quarter versus Q4 2019, at an all-in sustaining cost (AISC) of US$1,074/oz, a 13.5% improvement...

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