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AIM-quoted Chaarat Gold recorded an after-tax loss of US$2.7 million in H1 and is facing concerns about safety at its Armenian operation while continuing to seek finance for its Tulkubash project in the Kyrgyz Republic.
Kapan
"Financial performance was impacted by lower realised commodity prices, higher energy and raw materials cost and a higher Armenian Dram compared to the US Dollar," Chaarat's CEO Mike Fraser said.
Development is tougher, longer, more expensive
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