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

Chaarat Gold HoldingsAnnouncement

23/03/2023 15:45

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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

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Mike Fraser (Chief Executive Officer)               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/) .

 

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