Chaarat Gold Holdings Ltd Chaarat Gold -- Fatal Incident at Kapan Mine (4205Y)

TIDMCGH

RNS Number : 4205Y

Chaarat Gold Holdings Ltd

06 September 2022

6 September 2022

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Chaarat Gold - Fatal Incident at Kapan Mine

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, regrets to report a fatal incident involving an employee following injuries sustained at the Kapan mining operation on 3(rd) September 2022.

The area where the incident occurred was closed immediately and an internal investigation is underway. Chaarat is also working with the authorities to facilitate their investigation of this tragic incident.

Following a safety stop, mining operations are continuing in all other areas. Production guidance for the year from the Kapan mine remains unaffected .

Mike Fraser, Chief Executive Officer of Chaarat, said:

"We deeply regret this tragic incident, and we offer our sincere condolences to the family, friends and colleagues of the deceased. We believe all injuries are preventable, and a serious injury resulting in a fatality is particularly concerning. We are committed to identifying and resolving the underlying issues that have resulted in this fatality and will continue to work with our teams towards creating an injury-free workplace."

 
 Enquiries 
 
                                            +44 (0)20 7499 
 Chaarat Gold Holdings Limited               2612 
 Patrick Henze (VP Corporate Development    ir@chaarat.com 
  & IR) 
 
 Canaccord Genuity Limited (NOMAD and       + 44 (0)20 7523 
  Joint Broker)                              8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
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 finnCap Limited (Joint Broker)              0500 
 Christopher Raggett 
 
 Panmure Gordon (UK) Limited (Joint         +44 (0)20 7886 
  Broker)                                    2500 
 John Prior 
  Hugh Rich

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 through organic growth and selective M&A.

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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