Jump to:

Ariana Resources Fundamentals

Company Name Ariana Resources Last Updated 19 Jun 2019
Industry Basic Materials Sector Gold Mining
Shares in Issue (m) 1,059.68 Market Cap (£m) 22.25
PE Ratio 10.00 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS 0.21 EPS Growth (%) 425.00
PEG 0.02 DPS Growth (%) n/a
Debt Ratio 16.43 Debt Equity Ratio 0.94
Net Gearing 13.40 Gross Gearing 17.29
Asset Equity Ratio 1.21 Cash Equity Ratio 4.70
Quick Ratio 11.38 Current Ratio 11.38
Price To Book Value 1.11 ROCE 9.13

Ariana Resources Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

Ariana Resources Company Financials

Assets (£m) 2018 2017 2016
Tangible Assets 0 0 0
Intangible Assets 17 18 18
Investments 4 3 4
Total Fixed Assets 21 20 22
Stocks 0 0 0
Debtors 2 3 2
Cash & Equivalents 1 1 0
Other Assets 0 0 1
Total Assets 24 24 25
Liabilities (£m) 2018 2017 2016
Creditors within 1 year 0 0 1
Creditors after 1 year 4 4 4
Other Liabilities 0 0 0
Total Liabilities 4 4 5
Net assets 20 20 20
Equity (£m) 2018 2017 2016
Called up share capital 6 6 6
Share Premium 12 12 9
Profit / Loss 2 0 14
Other Equity -3 -1 1
Preference & Minorities 0 0 0
Total Capital Employed 20 20 20
Ratios 2018 2017 2016
Debt Ratio 16.43 16.59 16.27
Debt-to-Equity 0.94 0.94 0.83
Net Gearing 13.40 14.29 17.22
Gross Gearing 17.29 17.52 18.98
Assets / Equity 1.21 1.21 1.23
Cash / Equity 4.70 3.92 2.18
EPS 0.21 0.04 1.67
Cash Flow (£m) 2018 2017 2016
Cash from operating activities -1 -3 -1
Cashflow before financing 0 -2 -1
Increase in Cash 0 0 0
Income (£m) 2018 2017 2016
Turnover 0 0 0
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -2 -2 -1
Pre-Tax profit 2 0 14
Profit / Loss for the year 6 6 6

Ariana Resources Company Background

Sector Gold Mining
Activities Ariana Resources is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database. The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent. 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. In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.
Latest Interim Date 28 Sep 2018
Latest Fiscal Year End Date 05 Jun 2019

Ariana Resources Directors

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