REG - Chaarat Gold Hlgs Ld - Chaarat Gold – Fatal Incident at Kapan Mine

Chaarat Gold HoldingsAnnouncement

16/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220516:nRSP5806La&default-theme=true

RNS Number : 5806L  Chaarat Gold Holdings Ltd  16 May 2022

16 May 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 of its
contractor, S&A Mining, on 14(th) May 2022 following a rock fall
underground at the Kapan mining operation.

 

The underground mining area where the incident occurred was closed immediately
and an internal and external investigation has commenced. Chaarat is now
working with S&A Mining and local authorities to facilitate their
investigation of this tragic incident.

 

Mining operations continue in all other working areas while work remains
stopped in the one stope where the incident occurred. Mine production is not
expected to be affected.

 

Mike Fraser, Chief Executive Officer of Chaarat, said:

"We truly regret this incident, and we offer our sincere condolences to the
family of the deceased. The safety of our employees and contractor employees
at our operations is a top priority for Chaarat. We are working through an
internal and external investigation and will identify further measures to
prevent such incidents from occurring, and to protect the health of our
employees and contracted companies' employees."

 

 Enquiries

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Mike Fraser (CEO)                                   ir@chaarat.com (mailto:ir@chaarat.com)

 Canaccord Genuity Limited (NOMAD and Joint Broker)  +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor
 James Asensio

 finnCap Limited (Joint Broker)                      +44 (0)20 7220 0500
 Christopher Raggett

 Panmure Gordon (UK) Limited (Joint Broker)          +44 (0)20 7886 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/
(http://www.chaarat.com/) .

 

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDSFESIMEESELI