Chaarat Gold Holdings Limited is an AIM-quoted gold mining company founded in 2007 with the initial goal of exploring and developing a gold project within the Tien Shan Gold Belt, in the North West of the Kyrgyz Republic.
Chaarat has two high quality development assets in the Kyrgyz Republic, the Tulkubash oxide deposit and the Kyzyltash sulphide deposit.
Tulkubash has shown outstanding resource and grade growth, with declared Resources of 42 million tonnes and a completed Bankable Feasibility Study. It is anticipated to pour first gold in 2021 with a long-run production target of 95k oz per year.
Kyzyltash also shows substantial long-term potential, with a technical review conducted in 2018 confirming the low-cost large resource potential of the project.
To complement its assets in the Kyrgyz Republic, Chaarat completed the purchase of the Kapan Mine and Processing Company from Polymetal in early 2019. Located in southern Armenia, Kapan has been producing Copper and Zinc Concentrate from its underground mine since 2003. It is currently expected to produce in excess of 50k ounces of gold per year over the next decade.
The acquisition of Kapan was an important milestone in achieving Chaarat’s vision of building a leading emerging markets gold company.
Chaarat is now actively pursuing a disciplined growth agenda through organic growth and selective M&A.
Chaarat has more than 1,000 employees located principally in Armenia and the Kyrgyz Republic.
Chaarat consistently applies international Environmental and Social Standards to all its operations. Achieving and maintaining zero harm is a key part of Chaarat’s culture and therefore we operate a strict Health & Safety management system at all our production sites and promote a shared responsibility for health and safety with our workforce.
Chaarat aims to be Biodiversity Positive and invests in tangible biodiversity conservation projects ; we also accrue funds for post closure activities to restore the territory of the exploited mines to natural conditions.
We recruit locally and we invest in the social infrastructure of our areas of operation with due respect for the socio-economic vocation of the territories.