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Kiziltepe ramp-up progressing smoothly – Ariana

30th June 2017

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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JOHANNESBURG (miningweekly.com) – The Kiziltepe precious metals mine in Turkey is gearing up for commercial production to start soon, as the ramp-up of the mine continues to meet, or exceed, the expectations of joint venture partners Ariana and Proccea Construction.

In an operational update published on Friday, 50%-owner Ariana reported that the processing plant was operating to design specifications, with mill availability having increased to more than 97% in June.

The company also said that process recoveries of gold and silver were trending higher than feasibility-study expectations and that leach times remained faster than predicted.

To date, the refinery has sold about 1 930 oz of gold at price ranging from $1 225/oz to $1 295/oz, and 14 520 oz of silver, at a price ranging from $16.20/oz to $18.20/oz.

The mine would pour a further 354 oz of gold and 3 125 oz of silver on Friday, which would take the month’s gold and silver production to 621 oz and 9 064 oz, respectively.

The Kiziltepe operation is currently expected to deliver about 20 000 oz gold equivalent a year over eight years of initial mine life, for a total of up to 160 000 oz gold equivalent based on current resources.

Once the mine transitions to commercial production, Ariana would start issuing quarterly operational updates.

Edited by Creamer Media Reporter

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