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

Chaarat Gold HoldingsAnnouncement

06/09/2022 09:15

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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

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Patrick Henze (VP Corporate Development & IR)       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

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