(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Friday said it had made progress towards securing funding to deliver first production at the Tulkubash gold mine in Kyrgyzstan. Read More
Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says pretax loss widens 27% to USD13.1 million in 2023 from USD10.3 million in 2022. This is due to finance costs, which balloon to USD7.9 million from USD3.6 million. Administrative costs meanwhile decrease 26% to USD5.2 million from USD7.0 million. Looking ahead, says it will continue to review its existing balance sheet structure with a view to further reducing interest cost and improving the structure of the balance sheet. Executive Chair Martin Andersson says: "Chaarat is now at a crucial stage of its development as we look to unlock the significant value of Tulkubash, and, in the longer-term, Kyzyltash. We are a mining company with a global resource inventory of 6.4 million ounces of gold however with a market capitalisation that, in the board's view, does not yet reflect this and which serves to highlight the significant upside potential for investors once we secure funding to enable us to eventually move into our first phase of production at Tulkubash." Read More
Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says financing discussions regarding its Tulkubash gold project in the Kyrgyz Republic continue with various parties, including Xiwang International Co Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Tuesday said it raised GBP1.8 million via a placing of new shares and a part conversion of its working capital facility with its largest shareholder. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Friday said it had signed a memorandum of understanding with the Kyrgyz Republic's government, regarding the Tulkubash and Kyzyltash projects. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Thursday touted the prospectivity of the Karator oxide gold prospect, after completing a drilling programme for the year. Read More
Chaarat Gold Holdings Ltd - Gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says that its wholly-owned subsidiary, Chaarat Zaav CJSC, has entered into binding conditional agreements for the construction and operation of its wholly-owned Tulkubash gold project in the Kyrgyz Republic. The contract, which was signed with Power Construction Corporation of China Ltd, include: a USD82.8 million engineering, procurement, and construction ceiling price contract; a USD160.1 million for a five-year mining contract; and a USD7.2 million for a five-year operation and maintenance contract. Revised capital costs are now expected to be USD104.2 million, which is USD11.2 million lower than originally thought in the company's bankable feasibility study. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Enters into new USD5 million secured working capital facility arrangement with its largest shareholder, Labro Investments Ltd. The facility has a 12% per year interest and must be repaid by July 31 next year. Chaarat Gold will use the proceeds to repay its existing working capital facilities in full, and provide it with enough operational funding through to the third quarter of 2024. Chaarat will issue 4.0 million new shares at 5 pence per share to Labro. Chaarat Chief Financial Officer David Mackenzie says the facility will help the company "to continue to work constructively with the holders of its convertible loan notes and towards the completion of a fully-financed first phase development of Tulkubash". Tulkubash is Chaarat's open pit heap leach project in Kyrgyzstan. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Monday announced the resignation of Chief Executive Officer Mike Fraser, with immediate effect. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Thursday reported a significantly worsened loss in the first half of 2023, as revenue dropped. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Wednesday said it has signed an agreement with Gold Mining Co LLC to sell its Armenian subsidiary, Chaarat Kapan CJSC, which owns the Kapan mine. Read More
(Alliance News) - Chaarat Gold Holdings Ltd on Friday gave an update on its Kapan mine in Armenia and on its secured convertible loan notes due 2023. Read More