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Chaarat Gold Hlgs Ld (CGH)

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Wednesday 30 September, 2020

Chaarat Gold Hlgs Ld

Armenia update

RNS Number : 5097A
Chaarat Gold Holdings Ltd
30 September 2020
 

30 September 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Chaarat Gold - Armenia update

 

Chaarat Gold (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, provides an update on the current situation in Armenia.

 

Military action started several days ago between Azerbaijan and Armenia in the Nagorno-Karabakh region which is about 150 kilometres away from Kapan. After the events of Sunday, 27 September, the government of the Republic of Armenia declared martial law in the country.

 

The impact on the Company's operations has to date been minimal.  Management and the team on the ground continuously monitor the situation, have business continuity plans in place to react quickly to any new developments and monitor supply chains on a daily basis.  The Company will provide an update on the situation as and when appropriate.

 

 

Enquiries




Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Artem Volynets (CEO)

[email protected]



Canaccord Genuity Limited (NOMAD and Joint Broker)

+ 44 (0)20 7523 8000

Henry Fitzgerald-O'Connor


James Asensio




finnCap Limited (Joint Broker)

+44 (0)20 7220 0500

Christopher Raggett




SP Angel Corporate Finance LLP (Joint Broker)

+ 44 (0)20 3470 0470

Ewan Leggat


 

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

 

Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.

 

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at  www.chaarat.com/ .

 

 

ENDS

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