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Chaarat sees production lift at Kapan

Improving mine grades and increased third-party ore treatment helped AIM-listed Chaarat Gold post a 21% year-on-year increase in production at its Kapan mine in Armenia in the March quarter.

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First quarter production rose 21% at Chaarat Gold's Kapan mine in Armenia

Total production at Kapan amounted to 16,174oz of gold equivalent - more than 3,000oz ahead of estimates by analysts at Canadian investment firm Canaccord Genuity.