Share Name Share Symbol Market Type Share ISIN Share Description
Chaarat Gold Holdings Ltd LSE:CGH London Ordinary Share VGG203461055 ORD USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.70 -5.11% 13.00 17,693 08:39:14
Bid Price Offer Price High Price Low Price Open Price
13.00 13.95 14.10 13.00 14.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.58 -13.84 -3.22 90
Last Trade Time Trade Type Trade Size Trade Price Currency
09:58:31 O 7,079 13.095 GBX

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Date Time Title Posts
27/6/202213:21Chaarat Gold Holdings (AIM: CGH)11,331
30/3/202212:26Talks with Government1

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Chaarat Gold (CGH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-04 15:28:0014.40273.89O
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Chaarat Gold (CGH) Top Chat Posts

Chaarat Gold Daily Update: Chaarat Gold Holdings Ltd is listed in the Mining sector of the London Stock Exchange with ticker CGH. The last closing price for Chaarat Gold was 13.70p.
Chaarat Gold Holdings Ltd has a 4 week average price of 13p and a 12 week average price of 13p.
The 1 year high share price is 24.50p while the 1 year low share price is currently 13p.
There are currently 689,668,088 shares in issue and the average daily traded volume is 4,345 shares. The market capitalisation of Chaarat Gold Holdings Ltd is £89,656,851.44.
burtond1: The jewel in the crown for @ChaaratG say @TMSreach "...This is a very easy project. It's an open cut oxide heap leach project and will enable us to very easily extract gold from this resource..."#CGH CEO Mike Fraser explains all to @copytaster
book5: At this low price level There is decent demand for shares
burtond1: Chaarat Gold well placed to deliver a strong 2022"...Our ambition absolutely is to grow @ChaaratG and add more ounces into the portfolio..."Here, #CGH CEO Mike Fraser explains all to @TMSreach
max244: Good to see Kumtor resolved. Nice to see the shares up a bit (1-1.5p) and Juju back involved. However, Chaarat remains firmly unloved. To put in context (and I know there was a dilutive capital raise last year so we are not looking on a totally consistent basis) we are still at 2017 share price levels, which was seemingly a very different time for the company without a producing asset in Kapan and a much lower gold price. The shares hit a high of 40.5p in July 20 in anticipation of funding for Tulkubash being near. Geopolitics will always make this stock high risk but there appears to be some stability and Kumtor resolution is consistent with that. Next massive milestone, as it has been for most of the last decade, is securing funding. If it doesn’t re-rate significantly at that point, I will be adding (plenty).
kand17: Cgh just turned blue for me for the first time. Moon time
kand17: Yeh I read up on that, hopefully sorted in by end of spring / summer. it has hit a bit of a lul at the moment eh? No moves in the share price recently, I did think it might fall a bit further but results are coming on the 7th so that might bring good news and a positive move!Fingers crossed.
goforgold1: Martin Andersson, Executive Chairman, commented: "I am pleased to report that we exceeded our 2021 production guidance at Kapan. The difficulties of the COVID pandemic and global supply chain issues created an ongoing set of challenges for the Company, but the team found ways to manage the conditions. NEEDS FUNDING WOW NOT GOOD The Company benefitted significantly from the increased commodity prices seen in 2021. At the same time though we are seeing inflationary prices flowing through due to that same price environment. As has been the case since taking over Kapan, the team will continue to look for improvements and new methods of operating to minimise these impacts on the business. Construction progress at Tulkubash was negatively impacted by the delay in our debt financing efforts. The Kumtor / Centerra situation led to cautiousness in the market and until this issue is resolved, funding remains a challenge. We expect the situation will be resolved shortly and investor confidence will be re-established. The emphasis for 2022 will be to conclude the debt financing for Tulkubash to achieve our first gold pour in 2024 target but also to progress work on Kyzyltash with a processing route decision in the beginning of 2023 to create substantial long-term value for Chaarat shareholders. Chaarat will continue placing significant importance on sustainable development and social investment programmes in the countries in which we operate. We genuinely believe that respectful and open dialogue and partnership with local stakeholders is essential for the long-term success of our operations."
2pablo: Yes, I’ve watched them from Day 1 as Wilshire Fasanara before becoming Labro. Here’s their first declaration May 2013 : Holding in Company Road Town, Tortola, British Virgin Islands (17th May 2013) Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was today informed that the Wilshire - Fasanara Credit Strategies share price Fund holds 7,888,321 ordinary shares of US$0.01 each, representing 3.15% of the issued share capital of the Company. ———;——̵2;——R12;——- I made contact with the guy who ran the fund for Martin A(who was secret at the time) to ask him about their plans as they kept accumulating from this day forward. He was friendly but said his lips were sealed on the plans. The ‘plan’ is all out in the open now with virtually 50% ownership(unless that’s 100% ownership).
david gruen: 29 October 2021 Chaarat Gold Holdings Limited ("Chaarat" or "the Company") Q3 2021 Operational Update Chaarat (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, announces its production and operational results for the quarter ended 30 September 2021 (the "Quarter", "Q3" or the "Period") for its Kapan Mine ("Kapan") in Armenia and a general corporate update. Q3 2021 Summary Kapan -- Following the strong H1 2021 results, July 2021 was impacted by lower grades and fleet availability. Performance improved in August and returned to run-rate performance in September. -- Chaarat is on track to meet the production guidance of 57koz(1) for 2021, which will rely on a steady source of third-party ore supply for the remainder of 2021. -- Production of 13,224 gold equivalent ounces(2) ("oz") vs 15,547 oz in Q3 2020 (-14.9%) as a result of lower mine rates in the mine plan and lower than expected grades. 9,935 oz of own ore vs 12,652 oz in Q3 2020 (-21.5%) and 3,289 oz of third-party ore vs 2,895 oz in Q3 2020 (+13.6%). -- Third-party ore treated of 27.9kt vs 21.3kt in Q3 2020 (+31.2%). The increase is due to Q3 2020 being the first quarter under the current long-term supply contract. -- All-in-sustaining cost ("AISC"(3) ) of USD1,366 /oz vs USD1,192 /oz in Q3 2020 (+14.6%) mainly driven by the lower produced ounces in July and August. -- Preliminary unaudited standalone EBITDA contribution of USD2.6 million vs USD6.4 million in Q3 2020 (-60%) with the reduction due to management's decision to delay sales pending discussions with the Government of Armenia on their new metals export regulation and application to specific concentrate sales as well as the above-mentioned factors around the mine performance. -- Year to date preliminary unaudited standalone EBITDA stands at USD 16.4m which includes the impact of delayed sales and operational factors in Q3 as explained above vs. USD 10.5m in the same period in 2020 (+56%). Tulkubash & Kyzyltash -- 2021 drilling programmes completed with Kyzyltash results published and Tulkubash results expected in November 2021. -- Kyzyltash core sample selection is underway in preparation for shipment to SGS Canada Inc for metallurgical testwork to commence later this quarter. Corporate Finance -- Successful extension of the convertible loan notes by one year to 31(st) October 2022. -- Tulkubash debt financing delayed to 2022 due to ongoing market cautiousness pending a resolution of the Kumtor mine issue. Kapan Polymetallic Mine - Q3 Highlights -- Safety and Environmental performance for the quarter was positive, with no serious injuries or incidents. LTIFR year to date is 0.91 compared to 0.46 for 2020. There have been no further safety incidents since March of this year. -- COVID 19 measures remain in place throughout the Kapan operation. -- Total tonnes mined of 143.3kt vs 171.1kt in Q3 2020 (-16.3%) with the reduction being in accordance with the mine plan (representing 75% of decrease) but also due to the impact of global supply chain disruptions on operations (representing 25% of the decrease). -- Grade of 2.95g/t AuEq vs 2.89g/t AuEq in Q3 2020 (+2%) higher year over year but below budget due to the complex geology of the mined areas in Q3 2021. Grades in July though were below expectations and significantly impacted Q3 performance. -- Underground development on track with 6,011 metres achieved in the quarter, compared to 5,857 metres in Q3 2020 (+2.6%). -- Mill throughput decreased year over year by 14% due to the mining performance mentioned above. -- Third-party ore treated was 27.9kt vs 21.3kt in Q3 2020 (+31.2%) in line with previous quarters. Q3 2020 was the first quarter of steady supply under the current long-term supply contract. -- The geological variability in the ore experienced in the quarter also impacted recoveries. Q3 2021 was lower at 77.2% vs 79.6% in Q3 2020. As with grades, recoveries had improved to normal levels in September. -- Production of 13,224 oz vs 15,547 oz in Q3 2020 (-14.9%) as scheduled in the 2021 mine plan but also impacted by lower-than-expected grades especially in the month of July. Grades improved in August and September back to expected levels. Contained metal in concentrate from own ore was 9,935 oz vs 12,652 oz in Q3 2020 (-21.5%). -- 28,856t of own ore was on stock at the end of the quarter. This ore was stockpiled during an extended run on third-party ore during September. This ore will be treated in Q4 in addition to ore mined. -- Realised gold price for the quarter of USD1,788 /oz versus USD1,937 /oz in Q3 2020 (-8%). Continuing strong price environment on the base metals, especially with realised copper prices of USD9,477/t vs USD6,560 in Q3 2020 (+44 %). -- Sales of copper/gold concentrate were put on hold by the company during Q3 pending discussions related to changes to the export regulations for industry typical copper concentrates. The Company is in discussions to clarify whether the regulations apply to Kapan's polymetallic concentrates. While discussions have been ongoing, copper/gold concentrate has been stockpiled on site ready for sale pending resolution of the discussions. -- AISC of USD1,366 /oz vs USD1,192 /oz in Q3 2020 (+14.6%). Most of the increase in AISC is due to the lower ounces produced but also due to global commodity price increases which impacted the mining cost and spare parts. -- Preliminary unaudited standalone EBITDA contribution of USD2.4 million vs USD6.4 million in Q3 2020 (-63%). EBITDA was impacted significantly by the management's decision to delay sales into Q4 pending discussions with the government on their new metals export regulation and the above-mentioned factors around the mine performance in the quarter. Year to date preliminary unaudited standalone EBITDA stands at USD 16.4m which includes the impact of delayed sales and operational factors in Q3 as explained above vs. USD 10.5m in the same period in 2020 (+56%). -- CAPEX spent was USD1.7 million, 28% lower than expected due to delays on equipment and materials deliveries. Outlook for Kapan -- COVID 19 levels have increased across Armenia over the last two month and are still increasing. This could potentially have an impact on operational performance in Q4 2021. -- The pandemic related impact on global market supply is a further concern area. Supply of spare parts to maintain the mobile fleet has become increasingly challenging, with timelines increasing for all components. Steps have been taken to increase spare parts inventory levels which are slowly increasing and easing the situation. -- The continuous strong commodity price environment is expected to support revenues and benefit the financial performance but is also having a knock-on impact on the Company's cost base. Costs for reagents, tires, oils and fuel have all increased and are expected to remain at elevated levels in Q4. -- Chaarat is still on track to meet the production guidance of 57koz(3) for 2021, through own production and the steady outlook of third-party ore supply for the remainder of 2021. -- An update to the current resource and reserve statement is progressing with completion targeted before year end. -- East Flank exploration campaign is ongoing as planned. -- Sales of concentrates are expected to return to normal levels for the remainder of Q4 and in addition the Company expects to sell the delayed Q3 2021 concentrates in Q4 2021. The impact of the new metals export regulation remains to be seen. (1) 57koz AuEq guidance includes third-party ore production based on the assumption that purchased ore was sold by Kapan, whereas in 2021 third-party ore is treated on a tolling basis. 57koz AuEq total consists of 48koz AuEq produced from own ore and 9koz AuEq from third-party ore. (2) Gold equivalent ounces for 2020 recalculated on 2021 budget prices with Au at US$1,700/oz and gold ratios of 68 for silver, 7,287 for copper and 21,862 for zinc. In last year's Q3 2020 operations update, 2020 oz were based on gold ratios of 83 for silver, 7,778 for copper and 20,968 for zinc leading to a lower AuEq number reported in that previous year. (3) AISC on a gold oz produced basis exclude smelter TC/RC charges, others which add c. USD$ 180/oz. Sustaining capex of c. USD 4.4 million p.a. is included in the AISC, of which capex of USD1.7 million was spent in Q3 2021. Tulkubash and Kyzyltash Project Update On Tulkubash, camp and infrastructure construction activities are ongoing. Full stage construction activities will commence once financing is completed. The completed 2021 Tulkubash drill programme is targeting upgrading some of the inferred and unclassified resources into higher categories to increase the reserves and mine life of Tulkubash. Additional trenching and drilling were completed in the Karator and Ishakuldy exploration areas to the north-east within the license area to further confirm additional oxide ore mineralisation for the long-term extension of the Tulkubash deposit. Initial drill results are expected to be released in the middle of November, with work to update the resource expected early next year. The Kyzyltash drilling programme was also completed in September 2021 and announced on 12(th) October 2021. Samples are being selected and will be sent to SGS Canada Inc. for metallurgical testwork starting in November 2021. Corporate Finance Chaarat has successfully extended the maturity of its US$ 19.68 million plus accrued interest of US$ 6.68 million secured convertible loan notes 2021 from 31 October 2021 to 31 October 2022. The Loan Notes had a conversion price of approximately GBP0.37(4) per share and a 10% interest rate per annum which increased to 12% per annum effective 30 April 2020. The Extension has been approved on the same terms as those currently applicable to the Loan Notes but with an adjusted conversion price of GBP0.30(5) per share. A single interest payment will be due on the extended final repayment date of 31 October 2022 provided that no conversion or early repayment has occurred. The Company continues to progress with potential funding solutions for the development of the Tulkubash project. Chaarat is exploring options for a standalone financing or a comprehensive refinancing of its current debt outstanding and financing of the Tulkubash project. Such debt financing efforts have been impacted by external factors that are likely to delay the debt financing to 2022. Despite having no direct impact on the Company's operations, the situation around the Kumtor mine is likely to impact the financing timeline until the situation is resolved or has progressed towards a path to resolution. Based on this ongoing dispute between Kyrgyzstan and Centerra, the Company is now expecting first gold production from its Tulkubash asset to be delayed to 2024. (4) The original conversion price was, for each US$250,000 of Loan Notes, 527,871 Ordinary Shares (and pro rata for any amounts less than US$250,000). This equated to GBP0.37 per share at the then prevailing exchange rate of US$1.28 / GBP1. (5) The amended conversion price agreed for the purposes of the Extension is, for each US$250,000 of Loan Notes, 611,290 Ordinary Shares (and pro rata for any amounts less than US$250,000). This equates to GBP0.30 per share at an exchange rate of US$1.36 / GBP1. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. Martin Andersson, Chairman and Interim Chief Executive Officer, commented: "We are grateful for the continuing support of our note holders and the beneficial solution found for all parties. Operationally, this quarter has been a challenging one for the Company with external factors impacting our progress. The situation around Kumtor has delayed our funding plans in the Kyrgyz Republic and a new export regulation in Armenia required our full attention. The export regulation change is expected to be clarified shortly and product shipments are due to start beginning of November, with current concentrate inventory likely to be sold in Q4. "
burtond1: Decent prospects ahead for @ChaaratG"...The #CGH share price, currently just above 20p, is the lowest it has been for some three years, but it is supported by a producing mine at Kapan and news a financing deal for Tulkubash may be on the horizon..."
Chaarat Gold share price data is direct from the London Stock Exchange
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