Share Prices & Company Research

Stockbroking

Ariana Resources

Current Price 1.92p Bid 1.85p Ask 2.00p Change 0.00%
Last Updated: 26/05/2019 18:48. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Ariana Resources is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database. The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ('NSR') royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold. In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

Financial Highlights Year Ended 31/12/2017

Turnover
£0.00m
Operating Profit
£-1.70m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
48.25

Key Personnel

Michael John de Villiers
Executive Chairman
Dr Ahmet Kerim Sener
Managing Director
Christopher John Stuart Sangster
Non-Executive Director
William James Benedict Payne
Non-Executive Director

Stock Details

EPIC
AAU
ISIN
GB00B085SD50
Shares in Issue
1,059,677,943
Market cap
£20.45m
Sector

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
1.93p
Bid Price
1.85p
Ask Price
2.00p
Volume
337239
Change Today
0.00p
% Change Today
0.00%
Open
1.92p
Previous Close
1.93p
Intraday High
1.92p
Intraday Low
1.92p
52 Week High
2.08p
52 Week Low
1.10p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Ariana Resources Intra-day Chart

Ariana Resources News

News in this section is provided by AJ Bell

Ariana Resources boosts sales at Kiziltepe mine in Turkey 20 May 2019 | 14:43 Ariana Resources records encouraging drilling results in Turkey 07 May 2019 | 14:24 Ariana Resources beats average annualised gold quarterly guidance 16 Apr 2019 | 08:52 Ariana Resources says Kiziltepe Mine delivered 'excellent' Q4 results as income rises 22 Feb 2019 | 07:26 Director Deals - Ariana Resources PLC (AAU) 25 Jan 2019 | 09:00 Director Deals - Ariana Resources PLC (AAU) 25 Jan 2019 | 09:00 Director Deals - Ariana Resources PLC (AAU) 25 Jan 2019 | 09:00 Ariana Resources encouraged by gold sampling results at Turkey deposit 21 Jan 2019 | 13:42 Director Deals - Ariana Resources PLC (AAU) 14 Nov 2018 | 09:00 Director Deals - Ariana Resources PLC (AAU) 14 Nov 2018 | 09:00 Ariana Resources profit inches higher on increased gold output 12 Nov 2018 | 14:05 Director Deals - Ariana Resources PLC (AAU) 05 Nov 2018 | 09:00 Ariana Resources forecasts gold production above guidance amid 6% jump in Q3 15 Oct 2018 | 10:12 Director Deals - Ariana Resources PLC (AAU) 17 Jul 2018 | 12:25 Director Deals - Ariana Resources PLC (AAU) 16 Jul 2018 | 16:00 Ariana Resources second-quarter gold output up 47% 11 Jul 2018 | 15:03 Ariana Resources maintains FY production guidance after quarterly output jumps 47% 11 Jul 2018 | 10:32 Ariana Resources says testwork at Kizilcukur reveals high gold recoveries 13 Jun 2018 | 09:43 Director Deals - Ariana Resources PLC (AAU) 05 Jun 2018 | 15:00 Director Deals - Ariana Resources PLC (AAU) 05 Jun 2018 | 15:00 Ariana Resources annual profits shrink 04 Jun 2018 | 09:04 Ariana Resources announces 270% increase in JORC resources for Kepez prospect 31 May 2018 | 09:24

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
0.3
0.3
Intangible Assets & Goodwill
17.5
18.0
Investments & Other Non-Current Assets
2.6
3.7
Total Non-Current Assets
20.4
21.9
Inventory
0.0
0.0
Trade & Receivables
2.6
1.7
Cash & Receivables
0.8
0.4
Other Current Assets & Assets Held for Resale
0.2
0.9
Total Assets
23.9
24.9

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
0.3
0.8
Long Term Liabilities
3.9
3.9
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
4.2
4.7

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
19.7
20.2

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
6.1
5.8
Minority Interests
0.0
0.0
Retained Earnings
3.1
4.4
Share Premium Account
11.8
9.2
Other Equity
-1.2
0.8
Total Equity
19.7
20.2

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
-2.7
-1.4
Cashflow Before Financing
-2.3
-1.4
Increase / Decrease in Cash
0.3
0.1

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-1.7
-1.1
Pre-Tax Profit
0.4
14.2
Profit / Loss for the Year
0.4
13.7
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.