Chaarat Gold Holdings Ltd Fatal Incident at Kapan Mine (0630U)
March 23 2023 - 11:35AM
UK Regulatory
TIDMCGH
RNS Number : 0630U
Chaarat Gold Holdings Ltd
23 March 2023
23 March 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
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
injury on Sunday to an employee of S&A Mining, a contract
company performing mining operations at the Kapan mine.
The decline under development remains closed while the
authorities and Chaarat conclude their investigations.
Mining operations were temporarily suspended to facilitate a
safety stand-down to review the event and to engage with all teams.
Operations have since restarted in all areas save for the
above-mentioned development decline.
Mike Fraser, Chief Executive Officer of Chaarat, said:
"We offer our sincere condolences to the family of the deceased.
We will not accept this event and are committed to working with all
employees and contractors to identify and resolve the underlying
issues that have resulted in this tragic event and are taking
deliberate action to improve the safety performance of the Kapan
mine".
Enquiries
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Mike Fraser (Chief Executive Officer) ir@chaarat.com
Canaccord Genuity Limited (NOMAD and + 44 (0)20 7523
Joint Broker) 8000
Henry Fitzgerald-O'Connor
James Asensio
+44 (0)20 7220
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/ .
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