Auriant Mining: Profitability within reach
Auriant Mining (formerly Central Asia Gold) has finally got its heap leach operation in Tardan up and running. Test production was done in July and the factory was commissioned in August. This will increase production and profitability in the coming quarters. Redeye estimates that gold production in H2 will grow 131 percent YoY to 549 kg, which is lower range of management guidance. The Auriant share has had a strong performance lately, but there is further upside potential if profitable production is achieved. However, the large debt is still a concern and restructuring it is a high priority for the company.
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Hjalmar Ahlberg
Billy Degerfeldt
Disclosures and disclaimers