Armenia
“Chaarat Kapan” CJSC is located in Armenia, 320km to the south east of the capital, Yerevan. It is found in a district dominated by the mining industry, with the Kajaran copper-molybdenum mine and a number of smaller production facilities operating alongside Kapan.
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Kapan
| Commodities | Au, Ag, Cu, Zn |
| Stage | Producing |
| LOM Avg. Production | 65koz AuEq |
| Target LOM Avg. EBITDA ($1,400) | US$20m(2) |
| Reserves | 561koz AuEq |
| Resources | 3,288koz AuEq |
“Chaarat Kapan” CJSC was acquired by Chaarat in early 2019 for a consideration of US$55 million.
The acquisition was an important milestone in achieving Chaarat’s goal of building a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A. It demonstrates the Company’s ability to execute deals quickly, diligently and on accretive terms.
Read moreWebcasts
Chaarat Gold’s Artem Volynets discusses ‘impressive progress’ across its key projects
Chaarat Gold’s Dusty Nicol talks increase to reserves at Tulkubash
Mining Journal Interview with the Executive Director and CEO of CHAARAT Artem Volynets
Chaarat Gold strengthens institutional investor base with US$5.8mln raise
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