Turkey-focused Ariana Resources reported a fall in gold production from the Kiziltepe mine, of which it owns 50%.

Output for the three months through June fell to 6,438 ounces, down from 7,296 ounces in the first quarter -- though the company said that still exceeded its average annualised quarterly guidance by 3%.

Ore processed rose to 48,132 tonnes, up from 46,825 tonnes, at an average head grade to the plant of 4.16 grams per tonne of gold.

'We are very pleased to report strong second quarter 2019 operational performance at Kiziltepe, including one of the highest material movement rates in the mine's history,' chief executive Kerim Sener said.

'Gold production during the quarter was again above target, although operations continued to be constrained by the pushback underway on the southern wall of the pit.'

'Careful stockpile management through the period enabled mill throughput to be maintained according to guidance.'

'While a pattern of unusually wet weather has continued even into July, progress on pit development has been continuing at pace and material movements have increased further.'

'These higher mining rates are being accommodated by an increase in fleet capacity by our mining contractor and this will be maintained as we progress with pre-stripping of the Arzu North and Derya pits later this summer.'


At 2:29pm: (LON:AAU) Ariana Resources PLC share price was 0p at 2.3p