Proactive - Interviews for investors

Ariana updates: Tavşan Mine, ASX listing & more in pivotal year for the miner

Episode Summary

Ariana Resources PLC (AIM:AAU) managing director Kerim Sener talked with Proactive's Stephen Gunnion about the company’s strong financial performance for 2024 and strategic advancements across its asset portfolio. Ariana reported an accounting profit of £2.7 million, up from £0.1 million the previous year. Sener attributed this to sustained profitability since 2016 and highlighted the contributions from Zenit Madencilik in Turkey. “Zenit itself is highly profitable,” he noted, with Ariana’s 23.5% interest valued at £21.3 million. Sener also spoke about the development of the Tavşan heap leach operation, which is nearing hot commissioning and will maintain production levels as the Kiziltepe mine winds down. He acknowledged a slight increase in unit costs but emphasised that operations remain profitable. The interview covered Ariana’s international expansion, including its acquisition of the Dokwe gold asset in Zimbabwe and exploration efforts in Kosovo. The company sees the Dokwe project—already through pre-feasibility—as a major growth opportunity with over one million ounces in potential. Ariana is also preparing for a dual listing on the ASX. The appointment of Michael Atkins as deputy chairman supports this move, given his experience in southern Africa and prior success with Gallery Gold. Visit Proactive’s YouTube channel for more videos, and don’t forget to like this video, subscribe to the channel, and enable notifications for future content. #ArianaResources #GoldMining #ASXListing #DokweProject #TavşanMine #Kiziltepe #MiningInvestment #ZimbabweGold #KosovoMining #ZenitMadencilik #GoldStocks #MiningNews #ProactiveInvestors