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Ariana Resources Fundamentals

Company Name Ariana Resources Last Updated 19 Oct 2020
Industry Basic Materials Sector Gold Mining
Shares in Issue (m) 1,062.68 Market Cap (£m) 63.23
PE Ratio 9.15 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS 0.65 EPS Growth (%) 209.52
PEG 0.04 DPS Growth (%) n/a
Debt Ratio 13.43 Debt Equity Ratio 0.93
Net Gearing 12.83 Gross Gearing 14.37
Asset Equity Ratio 1.17 Cash Equity Ratio 1.79
Quick Ratio 15.81 Current Ratio 15.81
Price To Book Value 2.50 ROCE 23.90

Ariana Resources Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

Ariana Resources Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 0 0 0
Intangible Assets 17 17 18
Investments 8 4 3
Total Fixed Assets 25 21 20
Stocks 0 0 0
Debtors 5 2 3
Cash & Equivalents 0 1 1
Other Assets 0 0 0
Total Assets 30 24 24
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 0 0 0
Creditors after 1 year 4 4 4
Other Liabilities 0 0 0
Total Liabilities 4 4 4
Net assets 25 20 20
Equity (£m) 2019 2018 2017
Called up share capital 6 6 6
Share Premium 12 12 12
Profit / Loss 7 2 0
Other Equity -5 -3 -1
Preference & Minorities 0 0 0
Total Capital Employed 25 20 20
Ratios 2019 2018 2017
Debt Ratio 13.43 16.43 16.59
Debt-to-Equity 0.93 0.94 0.94
Net Gearing 12.83 13.40 14.29
Gross Gearing 14.37 17.29 17.52
Assets / Equity 1.17 1.21 1.21
Cash / Equity 1.79 4.70 3.92
EPS 0.65 0.21 0.04
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 0 -1 -3
Cashflow before financing -0 0 -2
Increase in Cash 0 0 0
Income (£m) 2019 2018 2017
Turnover 0 0 0
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -1 -2 -2
Pre-Tax profit 7 2 0
Profit / Loss for the year 6 6 6

Ariana Resources Company Background

Sector Gold Mining
Activities Ariana Resources is an AIM-listed mineral exploration and development company operating in Europe. It has interests in gold production in Turkey and copper-gold assets in Cyprus. The Company is developing a portfolio of prospective licences in Turkey, which contain a depleted total of 1.5 million ounces of gold and other metals (as at April 2020). The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co. Both assets are located in western Turkey, which hosts some of the largest operating gold mines in the country and remains highly prospective for new porphyry and epithermal deposits. The Kiziltepe Sector of the Red Rabbit Project is fully permitted and is currently in production. The total gross depleted resource inventory at the Project and its wider area is c. 500,000 ounces of gold equivalent (as at April 2020). At Kiziltepe a Net Smelter Return (NSR) royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold. The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The Hot Gold Corridor contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation on the Salinbas Gold Project. Ariana is also earning-in to 50% of UK-registered Venus Minerals Ltd; currently c. 10% held by Ariana. Venus is focused on the exploration and development of copper-gold assets in Cyprus.
Latest Interim Date 30 Sep 2020
Latest Fiscal Year End Date 28 Jul 2020

Ariana Resources Directors

Appointed Director Position
2005-04-01 Michael John de Villiers Executive Chairman
2005-04-01 Dr Ahmet Kerim Sener Managing Director
2010-07-22 William James Benedict Payne Non-Executive Director
2016-08-24 Christopher John Stuart Sangster Non-Executive Director

Ariana Resources Contact Details

Company Name Ariana Resources
Company Address Bridge House, London Bridge, London SE1 9QR.
Company Telephone +44 (0)207 407 3616
Company Website http://www.arianaresources.com/

Ariana Resources Advisors

Auditor Name Grant Thornton UK LLP
Auditor Address Grant Thornton House, Melton Street, Euston Square, London NW1 2EP.
Auditor Website http://www.grant-thornton.co.uk/
Auditor Telephone +44 (0)20 7383 5100
Registrar Name Computershare Investor Service
Registrar Address The Pavillions, Bridgwater Road, Bristol BS99 1XZ.
Registrar Website http://www-uk.computershare.com/
Registrar Telephone 0870 702 0010
Broker Name Beaumont Cornish Limited
Broker Address 2nd Floor, Bowman House, 29 Wilson Street, London EC2M 2SJ.
Broker Website http://www.b-cornish.co.uk/
Broker Telephone +44 (0)20 7628 3396
Adviser Name Beaumont Cornish Limited
Adviser Address 2nd Floor, Bowman House, 29 Wilson Street, London EC2M 2SJ.
Adviser Website http://www.b-cornish.co.uk/
Adviser Telephone +44 (0)20 7628 3396
Solicitor Name Cobbetts LLP
Solicitor Address 58 Mosley Street, Manchester M2 3HZ.
Solicitor Website http://www.cobbetts.com/
Solicitor Telephone +44 (0)161 833 3333
Stockbroker Name Loeb Aron & Co. Limited
Stockbroker Address Georgian House, 63 Coleman Street, London UK EC2R 5BB.
Stockbroker Website http://www.loebaron.co.uk/
Stockbroker Telephone +44 (0)207 628 1128