Q1 2021 Operational Update
Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, announces its production and operational results for the quarter ended 31 March 2021 (the "Quarter", "Q1" or the "Period") for its Kapan Mine ("Kapan"), in Armenia and a general corporate update.
Artem Volynets, Chief Executive Officer, commented:
"I am pleased that we can report another strong quarter with further improvements to the mine. Especially the work on minimising dilution and increasing efficiencies supported by the continuing strong commodity price environment have resulted in strong first quarter performance. I am very happy with the performance of the Kapan team in delivering higher production this quarter by mining higher grade areas and treating more third-party ore, offsetting a temporary reduction in own tonnes mined.